DHARMIK VORA
This Query has 5 replies

This Query has 5 replies

Which Accounting Policy is followed by Trust (Public Trust)? (Cash Basis or Accrual Basis Or Both)?

For Receipt Of Grant: Receipt Basis of Accounting & For Expenses Accrual Basis of Accounting?


CA. Naveen Jain
This Query has 1 replies

This Query has 1 replies

Sir,
My CA firm is registered in June 2018 and a private limited company whose previous auditor term was completed in March 2018, Can I appoint in that company w.e.f .1.04.2018 and whether previous auditor required to file ADT-3 or not.


CA VENKATASWAMY
This Query has 2 replies

This Query has 2 replies

CA qualified in may 2019 attempt and holding COP from 1st Oct 2019 Can he do the Company Audit for financial year ending 31/03/2019(i.e FY 2018-19)? if the auditor appointed in last year AGM was resigned in Sep 2019, now that recently qualified CA can accept this Audit? and also in case of Tax Audit for that company?


Rahul
This Query has 3 replies

This Query has 3 replies

20 November 2019 at 15:03

Pathology lab

Whether a pathological lab run by a partnership firm (5partners, all are doctor, but not a pathologist 2 dr are Anesthesiologist and one are surgeon and 2 are MD medicine in that case this partnership is Business or Profession for the purpose of declaring presumptive income under the Income Tax Act.


VINEETH MOHAN
This Query has 1 replies

This Query has 1 replies

13 November 2019 at 12:54

Income Tax

Our business concern is a partnership firm during the F.Y 2018-19 our sales turnover is 34 Lakhs. Is it compulsory for seeing a minimum 8% net profit otherwise Audit under Sec.44AB. Is it allowable for claiming interest on capital or remuneration without audit under Sec 44AB.


Mr.Murthy
This Query has 1 replies

This Query has 1 replies

In the audit report filed (accepted/approved. by the assessee) TDS made and return filed is inadvertently omitted to be reported, what is the consequence? Should revised audit report to be filed?


Naga Sudheer nagisetti
This Query has 2 replies

This Query has 2 replies

14 October 2019 at 15:22

UDIN NO

is it compulsory 15 days before generate udin for tax audit reports pls clarify


Elavarasi
This Query has 2 replies

This Query has 2 replies

10 October 2019 at 16:55

44AB

TAX AUDIT U/S 44AB TURNOVER PLEASE EXPLAIN,
1)HAVING SALES RS.50L PLUS CLOSING STOCK RS. 65L, TOTAL RS. 115L
2)HAVING SALES RS.0, PURCHASE RS,3.5CR, SO SHOWING CLOSING STOCK RS.1.5CR


Khushal Patil
This Query has 1 replies

This Query has 1 replies

09 October 2019 at 13:00

SCHEDULE IX-D AND SEC 12AA

Respected Sir,
Is it required to fill a form SCHEDULE IX-D, If the Trust doesn't have Registration No. u/s 12AA of Income Tax Act (43 of 1961)..??


Hemkumarpro badge
This Query has 4 replies

This Query has 4 replies

02 October 2019 at 20:37

TRUST REGISTERED U/S 12A

Trust registered under section 12A paying rent to trustee & salary to wife of trustee whether we need to report the same in form 10B ?? if yes where ??





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