Dear Experts,

An assessee earned Business Loss of Rs. 2.85 Lacs from Speculative & Non-Speculative transactions for FY 2019-20.
His Gross Total Income is Rs. 7 Lacs.
Turnover as per 44AB for Speculative & Non-Speculative - absolute value of profit/loss + premium on sale of options is 9 Lacs.
Queries:
1. Whether tax audit is applicable in its case?
2. If tax audit is applicable the under which section of 44AB?

TDS late Fees and Interest and ROC Fees for Increase of Capital are disallowed under which section of income tax?
Also help me for reporting in Tax audit Report?

ONE INDIVIDUAL HAVING SALARY INCOME OF RS 20 LAKHS AND LOSS FROM INTRADAY TRADING IN STOCK MARKET (SPECULATIVE) OF RS 30000/- WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS AND GET IT AUDITED U/S 44AB??

Supposed one business running under partnership and turnover crossed 1 crore and want to file income tax return under section 44AD what accounts need to be audited.

On proprietorship firm is under audit whose GST Number of has been cancelled from September 2018 whether he can claim input credit of purchase made from October 18 to March 19???

Respected Expert,
I Want to be clear regarding applicability of tax audit in the below mentioned scenario for individual carrying retail business:
Turnover for F.Y. 2018-19 is 82,00,000/-
Gross profit comes to 2,60,000/- (3.17%)
Net Profit comes to 1,20,000/- (1.46%)
Total Income for ITR comes to 1,22,250/-
Whether Tax Audit is Necessary in this Case???? If Yes then How??

Dear Experts,
Is there any update regarding tax audit due date extension.

Thanks
Karan

Hello All,

I have a query.
Our company is engaged in the manufacturing of Telecom Equipments. As per cost record rules and the proviso to rule 3 under the Companies Act, 2013, if a company falls under the classification definition of Small Enterprise as per MSME act, then Maintenance of Cost Records is not required. Our company falls under this exemption criteria as our investment in Plant and machinery is less than Rs. 5 Crores but more than 25 lakhs, although we dont have MSME registration or Udyog Aadhaar Registration.
Considering the said exemption is the maintenance of cost records and cost audit applicable to us. ?

Thanks,
Dhananjay Jitesh Pandey
Company Secretary

FORM 3CB/3CA & 3CD IS DIGITALLY SIGNED AND THERE IS NO PLACE IN UTILITY FOR UDIN. NOW HOW AND WHERE TO REFLECT UDIN

My client is running toll plazas and has a turnover of more than 100crs. Does he need to maintain cost reocrds and perform coast audits