if the agri. income exceed rs. 40 lacs then is it liable to tax audit under sec. 44AB of income tax act,1961 ?
assume that the assess has no other income exceed rs. 5000/-
if we change the method of valuation of inventory from fifo to weighted average method then it is required to change the value of opening stock and adjust the difference with the current year profit or loss.
and the other thing can A.O. rejects the change in method of valuation of inventory that we have adopted ? can he disallow the treatment ?
Please give me any case reference or judgement for this situation.
whether sales tax collected in respect of sales made has to be included in the "total gross sales, turnover, gros receipts" for determing the treshold limits of Rs.40 lakhs for audit purpose
hi... pls inform me about PF detail in form 3CD..?? should we give total payment of PF including employer's contribution..month wise.?? or only employees contribution......?????
How to show TDS deducted and deposit detail in form 3CD....??should it be party wise or monthly ....??? and what if company has not deposited TDS within Due date & interest not paid on late payment....??
I am in new practices, i want to know can i sign the Finals a/cs of Proprietor and partnership business firm of my joint family members, i dont have any interest in that.
hi,
in a new unit, if p&m was purchased last yr. and no dep was claimed then, can additional dep be claimed this yr. as it is put to use now.
DEAR SIR/ MADAM
ABOVE 20000 CASH RECEIPTS FROM PARTNERS IN PARTENSHIP FIRM AN DIRECTORS IN PRIVATE LIMITED COMPANY IS POSSIBLE OR THESE AMOUNTS ARE DISALLOWED UNDER SEC.269SS AND PENALTY RAISED. PLEASE TELL
THANKS IN ADVANCE
Mr. abc is a Dr. running a hospital. his annual gross receipts are about 25 lacs. is Audit u/s 44AB required for him ????
Query regarding vouching...!!!
What is the purpose behind checking Journal vouchers, when all the documentation is done with bank payment voucher???
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
agriculter income exceed rs. 40 lacs.