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CA ANANT KUMAR
This Query has 3 replies

This Query has 3 replies

24 January 2021 at 22:45

Revision in tax audit report

Can we revise tax audit report on the basis of clerical mistake in the depreciation rate?
If yes, what will be the date of furnishing audit report in the ITR, original one or the revised one as revised date will be after the due date.
And we will need to revoke UDIN and take new one.
Please advise.


PARAS CHHAJED
This Query has 3 replies

This Query has 3 replies

17 January 2021 at 11:50

Stock value correction

Financial statements were finalised and uploaded with Tax Audit Report. There has been an error in the value of closing stock. What recourse is available for correction of the same. Can one revise the profit and loss account and balance sheet and tax audit report ? Please guide. Thanks


deepak
This Query has 1 replies

This Query has 1 replies

12 January 2021 at 17:00

Audit related queries

If a Pvt ltd filed tax audit in last f.y. 2018.19 and but this f.y. 2019.20 turnover is 48 lac only so query is that this f.y. 2019.20 tax audit is mandatory if he has filed last f.y. 18.19 tax audit???


deepak
This Query has 1 replies

This Query has 1 replies

12 January 2021 at 07:59

UDIN related query

As per income tax notification (Kindly update the UDIN latest by 15th January, 2021 for the audit report/certificates uploaded from 27th April, 2020 onwards to avoid invalidation.) Query is that online UDIN updation On IT portal only for uploaded from 27.4.2020 is mandatory OR form 25.10.2018 audit uploaded also mandatory?


SIDDHARTH MAHESHKUMAR SHAH
This Query has 1 replies

This Query has 1 replies

11 January 2021 at 12:04

Tax Audit For FY 2019-2020 Extension

Can extension will be granted for Tax Audit Report Uploading from 15-Jan-21


CA VENKATASWAMY
This Query has 1 replies

This Query has 1 replies

Hi all, Whether Tax audit limit of 60 per CA is applicable to Tax Audit conducted having turnovers below 1Cr ?


deepak
This Query has 1 replies

This Query has 1 replies

06 January 2021 at 12:24

Private limited tax audit query

If private limited company provides professional services to his clients and turnover of services is 49lac and profit is 17 lac (approx 34 percentage on turnover) in this case Tax audit is mandatory or not???


Sonal
This Query has 1 replies

This Query has 1 replies

05 January 2021 at 12:35

CARO

One of my client's turnover is more than Rs. 10 crs. and paid up share capital is more than Rs. 1 cr. but they dont have any loans outstanding at the end of the year.

Whether CARO and Internal Financial Controls will get applicable to such a Private Limited Company?

Thanks in advance


deepak
This Query has 1 replies

This Query has 1 replies

05 January 2021 at 12:35

Tax audit query

If pvt ltd turnover was 80 lac and they had filed tax audit report in last A.Y. 2019-20. so if this year turnover is 48lac so this year tax audit is also compulsory?


v ramachandran
This Query has 1 replies

This Query has 1 replies

I am a senior citizen having pension and other income OF RS 3.20 lakhs( after availing tax rebate under 80 C, 80D, TTB etc)during durrent FY 2020-2021 . I have done share trading transactions ( delivery and intra day) with a turnover of Rs 76 lakhs from 1st april 2020 till 31st december 2020 earning a business income of Rs 1.35 lakhs. This will offset a carried forward loss of 65000/- from last financial year.
my query is : SINCE THE SHARE TURNOVER IS LESS THAN 1 CRORE AM I LIABLE TO HAVE MY SHARE ACCOUNTS AUDITED BEFORE FILING ITR 3 FOR FY 2020-2021, despite my other income exceeding tax exemption levels ???
I am getting confusing answers from my CA qualified friends. Please quote the rule and kindly help me with a correct clarification. Please reply to : rvrv002@gmail.com
MOST GRATEFUL IN ANTICIPATION
V RAMACHANDRAN
COIMBATORE




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