Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a) as firm is newly incorporated in FY 2022-23 and filing first time income tax return as firm is declaring profit lower than 6%/8% as the case may be.
QUESTION 1).IS it compulsory to adopt 44AD as firm declaring profit lower than 6% and carried out audit under section 44AB.
2).maintenance of books of account is compulsory if firm want to file normal return without considering 44AD
what is TDS rate on technical testing.
Answer nowwhat are depreciation rate on
Fan
Interior Design,
Trademarks
For FY 2022-23
Sir,
A Doctor IMA (Indian medical association) subscription paid amount rs:51600/- through on bank mode three years 2023 to 2025.
Question:
1.Assessess ima subscribe amount expenses claim allowed
2.IMA subscription amount 3 years or one year amount expenses claim eligible.
Interest on late payment of TDS is disallowed expense under Income tax
But what about interest paid on late filing of GST return and on interest/fee/penalty paid on late deposit of Provident Fund ?
I have filed a return on 31.07.2023 and e verify it on 12.09.2023 . It dept. Sent notice u/s 143(1) outstanding demand of rs 1000 sec 234f . Is it correct?
Answer nowWhether tax audit is required in the case of turnover exceed in 2 crores and less than 10 crores where all transactions are made by cheques
Answer nowA Pvt. ltd. company is having two businesses, and turnover of both the business is over one crore.
How can i file its audit report u/s 44AB ?
(whether of one business having greater turnover OR figures to be clubbed and then file the audit report )
Please solve this query
TIA
Sir,
One of the client approached me for filing ITR for the financial year 2021-22 as he was having a TCS credit in respect of vehicle purchase during that financial. Can I file return now to claim this refund?.
All Subjects Combo (Regular Batch) Jan & May 26
Tax audit limit for FY 2022-23