Assessee A died on 30.09.2012 and from 01.10.2012 his son B took over his father business.
Turnover 01.4.12-30.09.12 = 99.94 lakhs
Turnover 01.10.12-31.03.13 = 77.00 Lakhs
Q1. What will be the tax treatment in this case? Taxable as two assessee or only one i.e son "B"
Q2. Is tax audit applicable in this case. As turnover of both the assessee is less than 1 crore.
we h ave 10 people working in our factory. 4 draw salary above 15000. we are an ssi unit. we do not use power for manufacturing our products.pl clarrify whether esic is applicable for our unit.
i am filing 4S return u/s 44AD with 8% profit in case of a firm.Where can i fill the deduction for salary of partners u/s 40..Kindly Help
WHICH OBLIGATION CONSIDERED WHEN WE DO TAX AUDIT OF PROFESSIONAL PERSON....
PLS SUGGEST ME ....
Is it compulsory to have a gap of 2.5 yrs frm passing ipcc or aftr 3 yrs of articleship eventhough there is no such of 2.5 yrs gap... can we write?(joined through direct entry scheme) thnks in advance
HELLO SIR
IF COMPANY PAY RENT TO THE DIRECTORS THEN WHAT SECTION FOLLOW 194I OR 194J.........
hi all,
i wanted to know if I pursue my articles in pharma industry will I will able to switch to banking industry or some finance industry,later please suggest...or I will have to face problems ..???....
Hello Friends
I have Private Limited Co., and I Have Insurance Brokers Licences.,
question: My Insurance Brokers Licences valid from FY 01.01.2013 and my commission is below 10 lacs in FY 2012-13. Can i Collect service tax from Insurance Co.
Same Criteria in FY 2013-14 Still my commission not cross Rs. 10 lacs.,
There is any notification from service tax department working with multiple co's
i should collect service tax from Insurance Co. and Paid to Govt of Dept..
Nishant Sheth
Hie,
I want to file IT return for one of my friend for AY 13-14 & 12-13 , but i dnt have his password nor secret question , nor registerd email id details .I have tried a lot to reset the pasword even called customer care but it did not work.
Can anyone help me on this
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Tax audit applicable or not