sir company reverse interest income more than one year can the company can do also we treat the reverse interest income prior period item or not. tell me the treatment of interest reversal
Request you to kindly inform cost is applicability for Mobile Accessories manufacturing industry - our HSN code - 8504, 8507 & 8517
Answer nowSupposed 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.
Answer nowOn 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???
Answer nowExcess or Short Claiming of GST Input tax on Inputs and its implication in the Balance sheet of Business . and under which head it is to be shown in the Balance sheet
Answer nowRequest you to kindly inform cost is applicability for automotive component industry - our selling part HSN code - 87089900
Answer nowA company was incorporated on Jan 2019 and had no transaction till March 2019 (Except capital contribution). Whether it is mandatory to add notes to accounts with financial statements?
Answer nowRespected 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
Master GSTR-9 and 9C with India's First Unique Live Course with Live practical training
Income tax audit