Hi,

I am an individual with turnover around 55 Lacs.
I have not maintained any books of accounts.

I will file returns under 44AD. For this, I will show net profit at 8% of turnover.

What will be the repercussions if my net profit is higher than 8% but I am still claiming it as 8%?

Thanks

If a person receives lottery Rs.7000. then this is both gross and net amount?

i think it is both gross and net because if we gross it up then the gross is Rs.10000 and tds is deductible when it exceeds 10000 as per sec.194b.

plz clarify it whether the gross should be 7000 or 10000?

PLEASE URGENT HELP..

MY CLIENT NEED A PROJECT REPORT AND A NET WORTH CERTIFICATE FOR GIVING TO BANK AND APPROPRIATE AUTHORITY FOR SUBSIDY

PLEASE MENTION ME THE FORMAT AND WHAT POINT I NEED TO INCLUDE IN THAT CA PROJECT REPORT AND ..WHETHER IT REQUIRES CA'S CERTIFICATION...

PLEASE IF HAVE SOFT COPY PLEASE MAIL ME ON
party01@rocketmail.com

hi dear all,
Can be Print Vat and Cst Return from Maharastra Commercial Site as we have print
only ACKNOWLEDGEMENT ONLY..
Please suggest

hi
can anyone tell me which documents & Register should be maintain at office for a manufacture or Traders
please help me

Regards
Aman

A Tailor works in 2 ways :

1.Purchase fabric, stitches it & then Sell it. [Sale value Rs.8lakhs p.a]

2.Client(3-star hotel) gives him Fabric(prnciple Raw Material, he stitches it by using Thread,Buttons,etc.(incidental material) on his own & then Return the Clthes to Client for their waiter. [Job Charges: Rs.7lakhs p.a]

Query: In opinion of a CA he is liable to register under VAT as 2nd way of doing work is covered under Works Contract [& total turnover is more than 10lakhs(8+7)]. Is he correct??
In my opinion 2nd way of work is pure service work as thread,buttons,etc are incidental materials, & therefore not covered in Vat as W.C.
Plz Guide me!

Can we upload mahavat returns without filing late fees? the message " clear cache memory and refresh website" is for which errors?

Kindly let me know whether Overseas Corporate body(OCB) can invest in the shares of an Indian Company.

Hi

I want to know whether an NGO engaged in Health, Education , NRM and other activities does microfinance as one of the activities to empower SHG woment therby increasing their income earning power and bringing them out of poverty. Will it be considered as a commercial activity by the Income Tax laws.

On death of father daughter has received share in ancestral property
Now, she wants to renounce her right in the favour of mother so this can be done without payment of stamp duty..,?

Hakkami Agreement or Something of that sort can be entered as an alternative to payment of Stamp Duty..?