becker cma

Updated CA/CS/CMA Online/Pendrive/Download classes available for May 21/ Nov 21 attempt. Call: 088803-20003

coaching
Prodamy

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More


Jignesh Savaliya
This Query has 1 replies

This Query has 1 replies

16 December 2020 at 15:28

Tax Audit Applicable or not

Individual or Partnership Firm has Audited u/s 44AB his books in 2018-19 due to net profit below 8% having turnover 80L. Now in 2019-20 turnover is 90L and profit is below 8 % then Audit is required or not in 2019-20??


bhavin
This Query has 1 replies

This Query has 1 replies

13 December 2020 at 08:28

TAX AUDIT

in A.Y 2019-20 Turnover 9400000/- and profit less then 8 % audit is done as per rules in a.y. 2020-21 sale 125000 and business close profit approx. 10000 should i need to do 5 year compulsory audit.


SIDDHARTH MAHESHKUMAR SHAH
This Query has 1 replies

This Query has 1 replies

12 December 2020 at 10:37

Tax Audit For FY 2019-2020

Can anyone please suggest me the exact Due Date for TAX Audit for FY 2019-2020 and return filling for same.

is it 31st December, 2020 or 31st Jan, 2021


monesh agrawal
This Query has 1 replies

This Query has 1 replies

04 December 2020 at 14:41

Tax Audit is Compulsory or not

My Last year turnover was more then 1 cr. and my Tax audit was done in last FY 18-19. but in this FY 19-20 my total turnover is below 60 lac. My query is :
1. Tax audit is compulsory for me ?
2. If my turnover is less in the years ahead, then for how many years will I have to be audited.

Thanks


Cyndy Villapando
This Query has 1 replies

This Query has 1 replies

03 December 2020 at 15:16

ACCOUNTING

Hi. One of my client has incurred soil investigation costs originally intended for building construction. However, the construction was cancelled. What type of expense should I recognize the incurred Soil Investigation, Engineering and Architectural services? I initially capitalized the said costs as CIP and want to reclassify as an expense.


Pragati Sharma
This Query has 2 replies

This Query has 2 replies

03 December 2020 at 12:25

Quantitaive details in Form 3CD

An assessee is engaged in F & O trading and Share trading and comed underthe purview if tax audit.

Whether in Clause 35 of Form 3CD, qunatitive details shall be reported of the following as he is in trading business:

a. Delivery based share trading
b. Intraday share trading
c. F & O trading


Bhavana
This Query has 1 replies

This Query has 1 replies

03 December 2020 at 12:02

Independent Auditors' Report

A private limited company has profit before tax and loss after tax due to MAT credit utilisation. In the opinion paragraph of the Independent Auditors' Report, under the comment about statement of affairs of the company, is it appropriate to write as profit for the year or to write loss for the year ? Kindly justify the answer.


CA Sweta
This Query has 4 replies

This Query has 4 replies

03 December 2020 at 11:37

APPLICABILITY OF INCOME TAX AUDIT

IN CASE OF PRIVATE LIMITED COMPANY IF TURNOVER IS LESS THAN RS.1 CRORE IS IT REQUIRED TO GET AUDITED IN INCOME TAX ACT U/S 44AB AS TAX AUDIT?AND IS LIMIT COMPLIANCE OF NOT MORE THAN 5% OF RECEIPTS AND PAYMENT IN CASH REQUIRED TO BE SEEN FOR GETTING THIS COMPANY AUDITED IN TAX AUDIT IN INCOME TAX ACT?KINDLY GIVE ANSWER AS SOON AS POSSIBLE.


bhavin
This Query has 1 replies

This Query has 1 replies

03 December 2020 at 11:27

TAX AUDIT

in A.Y 2019-20 Turnover 9400000/- and profit less then 8 % audit is done as per rules in a.y. 2020-21 sale 125000 and business close profit approx. 10000 should i need to do 5 year compulsory audit.


Mohammad Haid
This Query has 1 replies

This Query has 1 replies

Good Evening,

I am lookout for Internal audit plan and checklist for manufacturing company.

Anyone, please help me and I need to it as soon as possible for preparing for some audit.

My email: ialearner01@gmail.com

Thanks in advance & kind regards,

Haider