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Govt company has received a grant of Rs.90 Crores which is shown as OTHER INCOME in books. Sales/Turnover is NIL for the company.
Is tax audit applicable?
I am using winman sofware. It does not shows error for tax audit applicablity if other income is more than 10 Crores.
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What format of audit report would be applicable to overseas entity to whom Companies Act 2013 would not apply?
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Can Any guide about how to comply with reporting requirement u/s Cl. 32 (a) Details of Brought loss or depreciation allowance in the following manner to the extant available ?? for example if I have loss during FY 2021-2022 of Rs 10 lakhs , how to report in above clause ??
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One PVT ltd doing event management business and PVT LTD turnover is 1 crore and eighty lac and all transaction happened through bank account channel. and company profit is approximately 4.5 percentage. In this case tax audit mandatory OR Not?
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I am doing practice in sole proprietorship from last 8 years,I am doing branch audit of a public sector Bank from last 2 Years,after new norms issued by RBI,what should I do for eligibility
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Last year have outstanding Loan of Rs.15,00,000/- In one time settlement my 4,00,000/- loan was waived off I have taken 11,00,000/- loan from another bank and cleared the Loan. How to show 4,00,000/- loan waived off should be treated as profit or added to my capital account. Please clarify. Thanks in advance
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X company is a small company; however, it holds more than 20% shares of Y company which is not a Small Company, whehther the company X is required to prepare cash flow statement and CARO is applicble on company X.
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is it necesarry to qualify non compliance even in non corporate assessee or tax audit reportalso .if yes then how quantification will be done because qualification without quantification has no value
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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)..??
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Employer contribution to P.F. and E.S.I. and GST Composition tax debited to Profit & Loss Account are require to report in clause 44 and if yes then in which colunm require to report and what observation/comment should make in Form 3CD regarding clause 44. pls reply
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Tax Audit Applicable or Not if other income is more than the limit