What is the meaning of word “TOTAL INCOME” used in
section 44AD(5) and word “INCOME” used in section 44AB (c) whether
it is Gross total income or income after deducting all deductions
under chapter VI-A. Let me further explain, suppose my sale is 60
lakh and I declare profit from business below 8% i.e. Rs. 250000/- (
which also my GTI) and deduction U/S 80C is 55000/- . So my Taxable
income is 195000/-. My query is –
1. Whether income tax audit is compulsory?
2. If audit is compulsory, if I have to get digital signature?(plz
refer income tax rule 12(3)(aaa) which species that if you have to
audit ( it doest matter your sale is below 1 crore or more that 1
crore) you have to furnish your return under digital sign?

Hi All
Can anyone provide me with an income tax return.. Which ha many perquisites like HRA,Motor car allowance , LTC etc...
I need this because i need to device a salary structure ... I can use them as a model and can proceed . Kindly anyone help as soon as possible.. Its a Bit urgent .
Regards
Badrinath Narayanan

Hello,
I want to do my articled assistant from America.
Please suggest the firm that i can join which are registered with ICAI.
Please give complete details of the firms in which i can do my articles training which is also valid for ICAI.
Thank YOU

Purchase of Car
Date : 31.12.2012, Amount : 1,10,000/-

Capitalized Expenditure (RTO & Other)
Date : 15.01.2013, Amount : 35,000/-

What will be the date for calculation depreciation as per companies act on both? will it be different or on both it will be from date of purchasing car.

At the time of incorporation when you fill Form 32 do the directors who are subscribers to memorandum need to give consent to be directors? Further which of the options Chairman, executive director or non executive director needs to be selected?

Dear Sir,

One of our assesse, running his business under proprietorship up to
06.12.2012. He has formed a partnership firm and taken over all his running
businesses including all of assets & liabilities of the proprietorship firm
in to the partnership firm.



Our query is how to charge the depreciation in financial statements of 2012-2013 in the proprietorship business and in the partnership firm. Both are under audit.

If You Please have any Judgement Case , then Please send that also for more consideration.

Kindly suggest.

>Regards

Mohit

+91 8901538621

difference between trading a/c & profit loss a/c and balance sheet please tell me short cut forms

difference between cash flow and funds flow please tell me short cut forms

please tell me some double entry book keeping books question and answer for accounts use purpose

Hi,

I am facing some issues filing form 1. If i fill equity shares in authrorised and subscribed capital and click check form i get a message since you have selected yes for share capital please fill preference shar also. My client does not want preference shares only equity shares so how do i solve the problem. Further the stamp duty coulmn does not get filled when i put the amounts