Sir,
As per section 44AD it is compulsory to show 8% income and if income is less then 8% then assessee has to gets its books of account audited. but in case where income of assessee is not exceeding basic exemption limit then whether audit will be required?????

Hello everyone,

suppose my client a firm has 200000 of turnover so 8% comes to 16000.

if it opts for 44AD then is audit mandatory because in 44AD it is mentioned that if income is <8% and income is more the maximum amount not chargeable to tax and for firms there is no limit for taxability of income ,

Dear Friends,
Require clarification on below:
"We are receiving services from outside India, whether we are liable to pay Ser. Tax?"
If Yes,
Wants all rules & regulation regards to that i.e.
1. Service Tax Liablity due
2. Which are benefits
3. Is this possible to open Branch or Subsidiary to avoid Service Tax liablity?

Sir,
I have a client who is an STIP unit availing exemption u/s 10A of the Act.

during an assessment AO disallowed some expenditure and made addition to the returned income.

my question is - Is exemption u/s 10A is available on the addition made to the total income while computing the effect of the order?

Is there any tax exemption for units registered in a SEZ (S.10AA) after 01/04/12? The finance act 2009 extended the sunset clause for units under section 10A and 10B till AY 2011-12. Is that applicable for section 10AA units also ?

Whether dividend received by member of co operative bank from co operative bank is exempted from income tax?

For reducing sales consideration from block of assets sale consideration should be taken as including statutory dues or excluding statutory dues? Like if sale value of asset is Rs.22.5 lakhs including vat amount of Rs.2.25 lakhs then which amount should be deducted from the block of asset is it Rs.20 lakhs or Rs.22.5 lakhs.

I worked with an educational institution run by an educational society from Sept 11 till March 2012. I was issued salary certificate and experience certificate only upon the condition that I deposited the TDS for the entire tenure in cash through my online bank account in the name of the educational society. However, even after this the employer has not issued Form 16 or TDS certificate despite repeated reminder. Will I be able to claim TDS deduction even though I deposited the TDS in the name of the society? Can I claim to have deposited the TDS even though I have almost nothing to prove my point except the online receipt generated at the time TDS was deposited? How do I go about it? Should I give a notice to my employer even before the last date of filing IT return for this AY or after that?

Dear all,

I have received a demand of TDS from ITO. However unfortunately, notice is lost. We have written letter to ITO -TDS to give duplicate notice but he has not accepted tyhe same. He denied to provide duplicate notice. He asked us to provide the Assessment year for which notice is issued. However as notice is lost we cannot provide it to him. Is there any procedure through which we can get the duplicate notice?

Thanks

Dear expert,
I had filed 26Q return for 4th quarter on 25-04-2012 and downloaded the form 16A on 30-04-2012 for the same from TIN website. On 2-5-2012, I received email for defaults.
Therefore on 24-5-2012 I had filed revised return,which have been accepted by tin on 26-05-2012 and on 28-5-2012, again downloaded the form 16A. However those form 16A were showing old amounts as shown in the original returns and also still the date of updation on them is 28-4-2012.
Please advise me.