small retailer has profit of 500000. Is he liable for audit u/s 44 and which accounts documents he has to mentioned.which itr he has to file.

Dear sir,
i am doing a govt contract and the work order is under my personal name. Now, although the work order is under my name, we are 3 persons executing the work. Now the profit also has to be shared between all four of us. So how do I distribute the profit. Say our work order amount is Rs. 8 lac, expense Rs. 4 lac. So gross profit out of the work is Rs. 4 lac. I already come under 30 % tax bracket.
My questions are
1. Now how do I distribute remaining 4 lac between four of us.
2. Do I need to take out my 30 percent tax amount before distribution. Or what will be the exact distributed amount amongst 4 of us.
3. Do I need to consider the distributed Rs. 3 lac ( given to other three guys) under expenses.

i have completed 3.5 years of CA articleship and will appear for CS finals in dec13.Is there any exemption for the CS internship based on the CA articleship?

Amount wrongly transferred to capital gains accounts scheme with nationalized bank. How it can be withdrawn.

I am doing Articleship now. I would like to join M.com and CS. Is it possible to join these both courses while doing Aricleship
Thanks in Advance

Why do most of the students fail in professional exams even after having good conceptual knowledge?

i m a CA student and i am also attempting CS in december 2013.i really need to know that when and how should i apply for exemption from 72 hours of IT training??? please reply as soon as possible.

I want to ask whether salary received by local councillors, MLA's is taxable under which head. And also what if such person is having income from other business also.

Hello,

Can any one explain me how to calculate interest on refund given by income tax department ?

Dear Sir,
in case of a partnership firm where HUF is a partner and from that firm if salary, interest, rent is paid to co - parceners of HUF in there Individual capacity, what relation should be shown in form 3 CD under Section 40A(2b)