Hi, how to close a CA firm having 2 partners when one of the partner died? What is the procedure for closing firm in the institute records in this situation

Dear Experts,

As per 8th edition of the ICAI, turnover of Option will be calculated by ABSOLUTE formula, like a Future. Is it correct as below?

(i) The total of favourable and unfavourable differences shall be
taken as turnover.
(ii) Premium received on sale of options is also to be included in
turnover. However, where the premium received is included for
determining net profit for transactions, the same should not be
separately included.

Incase of Loss or less than 6% Profit in Option Trading and Turnover is below 2 Crore, will 44AD be OPTIONAL or MANDATORY? In case of Loss, can it be carry forwarded to future years without Tax Audit where Turnover below 2 Crore and 44AD not adopted?

Ours is a private limited company having a sales Turnover for the financial year 2022-23 around 2.24 Crores as at 31st March 2023. We are maintaining our books in tally 7.2. We have come to know that our auditors will have to follow rules of auditors trial version. Can someone make me understand in detail the issue of auditors trial version.

is it compulsory to mention Vehicle number in E invoice ?

Hello Experts!

I have a small question i.e.

Do we need to re-appoint an auditor in the same AGM where his tenure is completed? Considering he is eligible for reappointment.

For example: Mr Anmol & Co. an Audit Firm, was appointed as the auditor of ZEN Pvt Ltd in AGM on 30.09.2018 and as per the rules he will hold office till the conclusion of the sixth AGM i.e. AGM to be held in the calendar year 2023 (Period 01.04.2018 to 31.03.2023). For the sixth AGM to be held on, let's say 31.07.2023, Do we need to pass a resolution for him to be reappointed in the same AGM. To be more specific, do need to reappoint him in the same AGM where his tenure is getting completed?

Now if the answer is no, then when we should convene a Board Meeting and thereafter hold AGM for such reappointment? By when he shall be reappointed?

Dear Sir,
Please tell me about Tax Audit, My business is only F&O trading and 100 % digitally.
In Fy 2022-23  Option trading premium received is 79 Lakh and premium buy is 80 Lakh so my net losses is 1 lakh and carry forward loss to next year,  so know whether I am liable for tax audit or not ?
If not, can I file ITR-3 file without tax audit without error? Is it applicable In my case 6 % profit of Gross Receipt criteria in my case I have no any income ?
If I file ITR -3 without a tax audit and show error what can I do?
Please  know me in detail about it.
Thanks,
Warm Regards,

Can I face a problem at time of ITR 3 file because of loss? Previous year this problem is occurring because of profit is less than 6% of gross receipt then I was go wit audit in fy 21-22

Are there any ADDITIONAL ELIGIBILITY required for CA for conducting Statutory Audit?

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Hy, i have turnover of 2lac and make loss of 50k do I need to audit account I don't have any income source. I am student and got scholarship of 1 lac and invested in fno. Or when I need to audit my account suggest me about these please.

Dear Sir
as per the requirement, we have to obtain an MSME certificate from the creditors, so kindly explain how we know from which creditors should we get the certificate or not.

Whether getting a certificate once a year or any deadline is required.

Kindly explain the query regarding Audit purpose only.