Anonymous
14 June 2016 at 17:47

Audit liability u/s 44ad of 44ab

dear all
partnership firm having sale of rs. 30 lakh, and net loss of rs. 2 lakh. for fy 2015-16 ay 2016-17.
is required to conduct audit u/s 44AD of 44AB of income tax act.
thanks

Answer now

Deepak Patel

My Clint is running an institution as a partnership firm whereby he undertakes project work for B.tech students and also conduct java classes, what will b d income from d above assesses under. Whether Profession or business service?

Answer now

SAI PRASAD
13 June 2016 at 15:30

Calibration Charges

Does the Calibration charges provided , falls under the deduction of TDS under 194 J Or 194 C ?

Answer now

Navpreetkaurlitt
12 June 2016 at 19:59

Itr

I am trying to file ITR2A for HUF .At time of verification I am entering PAN no. Of HUF . They are discarding by saying the 4th letter must be P which cannot be in case of HUF . So I am unable to file the return

Answer now

MOIN ALI
11 June 2016 at 20:31

80g donation

if a persons income cross 10 lakh. or his income under 30% tax slab rate. if he give donation to some trust who registered under income tax act with 100% deduction. if he give 10 thousand donation to one of trust then how much tax he save. I mean how much benifit he got. pls answer sir

Answer now

ADVOCATE NUSRAT
11 June 2016 at 14:32

Notice u/s 139

sir i have a prop. businees and i have a trading loss of Rs.17000 rs and turnover around 32 lakh, and other income 35000 ( including sb interest ) , so my total income is below 250000 should i need to audit, because i received notice under 139(9) of defective return plz sir urgent

Answer now

prashanth
11 June 2016 at 11:00

Cash payment more than 20000

Is there any exception for full &final benefit of employees by way of cash more than 20000?

Answer now

suhail mn
10 June 2016 at 16:59

capital gain

Mr X purchases land for Rs 5 lacs in 2005 may Introduces to partnership consisting of him N his wife as his capital for Rs 13 lacs in 2010 September. Revalue the land to 5o lacs in 2012 and further to 52 lacs in 2013. Sells the land on 13.2.2016 for 16.5 crores. how can i Calculate ltcg/ stcg in the firm/ partner. In the example given earlier, the firm constructs a hotel on the land. Investment upto 2012 is 6 crores. Upto 12.2.16 is 12 crores. Upto June 2016 is 13 cr. As per regd agreement dte 13.2.16 to sell the building along with land is 28.5 crores. The door number recd in sep 2015. What is the on gain on building sale?

Answer now

niranjan pattnaik
10 June 2016 at 10:44

direct tax

if my dividend income is rs 1500000 then what is the tax I need to pay

Answer now

Pawan Shah
09 June 2016 at 21:17

tcs

a bill is say 8 lakh. Through RTGS or other than cash, amount of 795,000 is paid. 5000 being paid in CASH........the provisions of TCS become applicable.......but my question is that if buyer deposited 5000 case in seller's account that in case TCS become applicable or not ?

Answer now





CCI Pro



Answer Query