is it mandatory for each and every ca to upload their audit report if assessee come under sec 44ab, having international transactions, sec 115 jb,
?

if it is mandatory from which ay it is applicable?

and what are the conditions to be fulfilled to upload it ??


thanks in advance

the place where im am working had previously not maintained accounts hence no audit was done although they were liable for audit and their returns were filed.After that our assessment was done and the department asked us to pay around 2.99 crores which i feel they were inflated.ON THE ORDER THEY mentioned that due to non deduction of tds so and so expenditures are disallowed.SO MY QUERY IS THAT HOW TO GET OUT OF THIS SITAUTION

Sir

If a institution/firm is supplied refreshment/lunch/snacks from a catering service agency where there is no agreement/contract between them,
a) whether institution has to deduct TDS from their bill?
b) If the single bill amount crosses 30,000/-
c) If so briefly explain it.

Dear All,

I have a confusion,if we are giving stipend to any employee(labour class)for full year approx Rs.250000 then will it be taxable in any section,
are we liable to deduct TDS for the same,if yes then in which section 192B or 194C.

My frnds are advising me that stipend is fully exempt but if so then companies will have the option to claim extra expenditure at the name of Stipend.
Kindly assist.

Dear All

Can any body guide me on this situation.

A closely held company i.e. say ABC Private Limited is giving Salary Advance to its Whole Time Director who is also a shareholder of the company. Now is that advance will be treated as deemed dividend and to what extent.
Secondly what if the WTD is only a director and not a shareholder what will be the treatment then.
Please do reply and if there any case of any tribunal,HC or SC is available in this regard please quote that one also.
Thanks

usually in mofussil areas, business men do not maitain bills / vouchers for fuel,salaries paid,local conveyance,mobile charges.freight etc.

earlier we used to report in form 3cb that vouchers for certian expenses are not maintained.

can we do so now ? if mentioned as above now, are we not asking for scrutiny?

Otherwise can we mention in Notes to Accounts
as schedule to Balance Sheet /p/l a/c?

What is proper ? kindly advise.

Can we mention "NO" in case of business like
trading ie for clause 9(a)?

The sales in prev.year 2012-13 is 55,00,000 and the np is 230000.The income u/s 44ad will be calculated @ 8 % . please let me know how this is to be shown in the ITR 4

Fixed assets(Machinary)imported in 11-12, which is booked at bill amount, there after in 12-13 currency rate increase and paid excess amount to party, what is the treatment of exchang loss ?? whether debit to profit & loss account or capitalised to the machinary account ???

Safar P Ltd engaged in Transportation activity is having 5 Trucks (Fixed Assets) in its own name. The trucks were purchased for Rs 125.00 Lakhs on 25/03/2012. While preparation of Financial Statements for FY 2011-12, depreciation was charged @ 16.21% for 6 days. So an amount of Rs 66540.00 (Rs 33308*5 trucks) was charged to Profit and Loss A/c. now, my question is how to charge the depreciation during 2nd year.
Should it be on Rs 125.00 Lakhs or on Rs 123.33460 Lakhs (12500000.00 - 66540.00) it means Rs 2026250.00 or Rs 2015464.00 which figure is correct.
Kindly explain the benefit of SLM and WDV rate as per Companies Act
What is NESD as per Depreciation Chart of Companies Act