Dear Sir,
For partnerships firm for audit u/s.44AB profit above 8% shall include interest & remuneration to partners or not.
Thanks in advance
Please share me the procedure&guidelines for applying for empanelment of concurrent audit of Pvt. sector Banks
CA S.Govinda Rajan,FCA
Hi,
Can a statutory auditor conduct audit for 15 month period at the request of client. If so what are the tax & legal consequences??
Generally everytime we conduct audit for accounting year of 12m April to March.
This assignment is in addition to it.
Hi Everyone,
Kindly share the check list and draft Report of Third party audit of PF Trust .
ThanQs in advance.
From which Assessment year new threshold limit for Tax audit of 10Cr is applicable?
Answer now
DEAR SIR
WE SOLD ONE CAR IN THE MONTH OF OCT 2020 , WE ARE RUNNING A PRIVATE LIMITED COMPANY , PLEASE LET ME KNOW HOW TO CALCULATE DEPRICIATION WITH EXAMPLE.
THANK YOU
MUKESH KUMAR
Dear sir,
my OPC company is incorporate in 25/10/2019. plz tell me my Actual AGM Date And after extension Date due to Covid. Because i fill my ROC Form then late fee is calculated.
Hi,
Can anybody explain what is Risk Crystallisation?
Thanks in advance,
A trust registered u/s 10(23C) running educational institution has given Interest Free Unsecured Loan to its trustees.
Is the auditor required to report the same in Form 10BB?
Please also guide about tax implication of this Interest Free Unsecured Loan.
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?
CAclubindia
Calculation of profit for firms @8%