WILL SATYAM UNPREDICTABLE INCIDENT SUFFER THE GRONDS OF CA'S?........

What is the criteria of tax audit in case of a commission agent whose major receipts are by way of commission and turnover used to be in thousands only. It will be covered under sec. 44AB or sec. 44AF. Also, in the last column of tax audit report, how the ratio as to net profit/turnover to be calculated.
Plz ans.
Thanx

Hi,

I had registered with ICAI under the old syllabus and had cleared my intermediate in 2002 and was eligible for final from November 2003 onwards. However, I have not sit for any final exams till date. I had filled up the forms a couple of times but couldnt sit due to job constraint. I am filling up the forms for May 2009. Kindly let me know whether I will have to study under the old syllabus or the new one.

Thank,
Noor Ahmed

Hi,

I had registered with ICAI under the old syllabus and had cleared my intermediate in 2002 and was eligible for final from November 2003 onwards. However, I have not sit for any final exams till date. I had filled up the forms a couple of times but couldnt sit due to job constraint. I am filling up the forms for May 2009. Kindly let me know whether I will have to study under the old syllabus or the new one.

Thank,
Noor Ahmed

A public ltd co. has 7 directors. One of the direcotr has not obtained DIN due to some problems. Is it possible to file Form 20B without having his DIN as Form 20B is pending for the last year also.
Plz ans.
Thanks a lot.

My Client has got two business during the previous year 07-08. one is retail trading and another is commission receipts. He got an estimated income on retail trading Rs.80000/- 5% on Gross receipts Rs.16.00 lakhs and covered by section 44AF. ( books of accounts will not be required to maintain and income declared 5% on Gross Receipts ) The estimated income from commission receipts Rs.70000/- on Gross Receipts Rs.2.00 lakhs. Under these circumtances income from both business has got more than Rs.1.20 lakhs.

Should he require maintain books of accounts u/s 44AA of the IT Act, since the income from both business crossed above Rs.1.20 lakhs

sir,
while performing audit i found some bills out of them some r of materiel which is glass and some r of labour for cutting, fitting of such glass in the building. My cleint charged such all bills under head building under construction and did not deduct any TDS on such labour,IS THIS TREATMENT IS CORRECT OR WE HAVE TO DEDUCT TDS ON LABOUR

Whether TDS u/s 194J is to be deducted in case a pathological lab (besides doing its regular work of reporting medical test and producing reports for every single patient)has a tie-up agreement with a hospital to do all the pathological test for its patients & give reports to them and charge the hospital for that matter.

My client is an exporter of Information Technology Services. Finance Act, 2008, w.e.f 16.05.2008, made IT services subject to service tax levy. Shall the exporter of IT services can register
now under service tax act and can claim rebate of service tax paid on input services like, Rent on immovable property, telephone etc.? He is not liable to pay service tax on his output
services since the export of service rules,2005 has been complied. Kindly resolve this issue.