CHARTERED ACCOUNTANT HOLDING C.O.P. CAN BE A DIRECTOR OF ANY COMPANY?

Do I have to get my books of accounts audited if my gross turnover including vat is 42 lakh and my net profit is 5%?
However if I donot opt for sec. 44AD even then do I have to get my accounts audited?

I purchased an under construction apartment in may2008 from builder under housing loan (through article of agreement document for which full payment was made to builder in may 2008 itself) and received possession via a sale deed in jan 2013. I needed to know

1. Whether I can avail of long term capital gain tax or short term tax?
2. If short term tax, can I deduct the interest paid on the loan for these years - as cost ofacquisition - considering that thesehave been over and above expenses paid to the loan bank. Or is it only the cost of purchase +stsmp duty+registration that is to be deducted from the sale amount for cakculation if capital gain tax?
3. In case of short termcapital gain, if I reinvest the profits on sale in the same financial year, can I save on this tax?

dear ,sir


i have done M.Com in 2012 after that i am working. i have one and half year experience in accounting sector. now i want to do do ICWAI, CMA or other finance related courses but i can't intern for article ship please guide me what will be better for my carrier i hope for your positive revert.
Thanks & Regards
vikas tiwari
9004602436

I want to be a start up for new kind of service business. I just want know how the tax implications. which one is better Prop, Partner or Comp? Service is about providing " what you want" for example a good mobile. we will help customer and charge. like that

hi,
well advance and earnest money forfeited by assesse is a capital receipt and should be deducted from cost of acquisition when such asset is sold afterward. but if such asset is gifted instead of selling then in hands of new owned such forfeited amount is not deducted as he did not received income.. my question is if asset gifted what treatment will be given to advance money forfeited by original owner??

Sir/Mam, if i take transfer and get registered with a new ca firm which does not have much exposure to give and work as paid asst wit another firm which has got public sector audit n listed co audit then is it feasible to go for it keeping my cv in consideration?

My father having HUF Account. In his account two property is standing. One is open agri land and one Home. We have 5 member in our family, i.e. my dad,mom my self, my wife, my two children and my two sister who is married. Now i want to close this huf account. How i can close it.

I am in CA Ipcc & having exams in November 2014(1st attempt). I want to give 1st group this time. I am taking tutions of accounts,law & taxation. I have a P.C. TULSIAN cost & fm book. Can I make out this subject self studying from this book? I am an average student. Please help. Thanks!

Hello Experts,

I want to know that what are the documents required to file Income tax return of a salaried person ? and form No. 16 B is also required or not ?