is tax audit required if there is depreciation loss???

Hi Friends and Experts,

I need to know if a Pvt Ltd company work in diverse fields such as Agriculture plantation, Dairy, Cold storage and Wearehousing, Spices plantation and Packaging, Running of diagnostic center and nursing homes and Solar and Wind Power generation.
Can all these be included in one single MOA.

Dear Sir,

I have One Doubt regarding Section 44 AD.


Income as per P & L A/c - 213000

Taxable Income as per Business & Profession Schedule - 188000

8 % of Gross Receipt - 190000

Weather we have to opt 8% Income or we can go by normal ITR -4 ?


Thanking You in advance.

Dear Experts,

I want to get my company registered under SSI/MSME but a confusion is rolling into my mind!!

As my company is 99.5% subsiadiary of another group pvt ltd company, would it creat some hurdels in getting my company registered under MSME Act?

Please advise!!


With Kind Regards

Respected Sir/Mam
I have been registered for my Articleship Training as on 12.10.2012. Since I have been in my first year of Training I need to get transfer from my present Principal.
But the Principal is not willing to give me transfer.
Can you please advice me any alternative in such situation.
Please reply me soon..

Dear Experts,

I would like to know if a Chartered Accountant can hold COP while in full time employment with a MNC (private limited company)

Thank you!

Is TDS is applicable if income is received from House Property

I have a client who carry his business & has a Pan card on Delhi address but business is carrying from Uttrakhand.


Now My Question is that for Income tax (ITR Filling) purpose, Can we considered him an assesse of Uttrakhand.........?

Dear experts, im an existin ipcc student,
1)i wnt to reg through direct entry scheme,in aug,is it a rule to strt articleship soon aftr reg? m advised by doc to take a mth rest,due to health issues.will it affect my may14 attempt?
2)i hv already done my ITT & ORIENTATION,should i do it again under direct entry scheme?
3)when will my final attpt be due under the new scheme? will my final attmpt get delayed if i dnt clear in may14 attempt?THANKS IN ADV.

Dear Sir/Mam,
Is Reverse Charge Mechanism will be applicable if Turnover of Business Entity is less than the Exemption Limit?(For Legal Services provided)