The existing Proprietor concern(More Than 10 Years)now converted to firm,how to calculate the goodwill.

A partnership business having turn over 10 lakh. The firm has "No profit no loss". Should this firm go for tax audit as it has below 8% profit? But as per act, tax audit is not applicable where firm does not qualify exempted income. So, no profit no loss is a case where no profit is there. What to do?

POINT NO.-18 OF FORM 3CD-I WANT TO ASK WHAT WE NEED TO MENTION IN THIS POINT IF PAYMENT IS made TO SPECIFIED PERSON UNDER SEC-40a(2)(b)or excessively paid to person specified under same same section and secondly what abt specifically for interest and commission paid to partners of a a firm.

For Assessment year 13-14, an assessees whose total income exceeds Rs. 25.00 lakhs, will have to furnish details of any property held by him and corresponding liability (other than those not disclosed in balance sheet filled in Part A of the return. assessee having total income less than 25 lakhs but profit share from firm is above 25 lakhs, in this case assessees produce schedule Assets and Liabilities or not....?

I want to know that I hv not attached annexures of bs at the time of uploading TAR.only I hv attached bs and pl. will any problem in future. can I revise it nd last date for revision. pls help nd tell me urgent...

A school/college is registered under societies act, what are the tax implications and is audit compulsory every year?
In what form audit report should be given ?

Sir,

Today is my 3rd day As an Article..and i m doing vouching
So, sir can u please tell me that what is the benefit of vouching....
can it be beneficial for us....

Dear Sir,
please confirm that is it mandatory to file form 23B by a ca for the F/Y 2012-13 and what is the penalty if CA not file the Form 23B and sign the balance sheet/ Audit Report

Thanks in Adv.

Hi, I have an auditable transport partnership firm. In that firm there are two partners. In partnership deed, there is a provision of remuneration to partner as per income tax act. So I want to know that it is compulsory to provide remuneration to partner. As for finance purpose they need minimum profit 235000. So if we provide remuneration profit must be 539000 or above. Partners are willing not to take remuneration.
Please help me what to do. ?

Hi, can you please guide me in drafting the internal audit sampling methodology for call center industry?