how much cash in hand i can show in my balance sheet of proprietership firm without facing any problem at the time of audit and etc
If there is no turnover or very less turnover in a private limited company then it can give remuneration to its directors or not.
dealing in tax paid and tax free items for sale is there any requirment to obtain Tin no clarify plz,also about turnover tax
HELLO KYA EK MANPOWER SUPPLIER JO PLACEMENT KARWATA HAI PRIVATE AGENCIES , EDUCATIONAL INSTITUTES LIKE SCHOOL COLLEGES , PRIVATE COACHING INSTITUTES ETC IS REQUIRED TO FULLFILL EPF REQ IF YES THEN WHAT ARE THE IMPLICATIONS AND IF NO THEN WHY PLS REPLY SOON ITS URGENT
NOTE FOR OPINION DETAILS OF THE SOCIETY
It is a society registered in 1996 under the Socities Registration Act, 1860.
The Trust is managed by Trustee under supervision of President etc .
It receives following income :
1)Donations from Peoples on Various Functions (Likje Basant Panchmi, Namdev Jayanti) which are credited to P/L account.
2)Bank Interest on Bank Saving Account is credited to P/L account
3) The Society also receives Grants from Ministries for specified Projects. The same are shown in Liability side. The expenses incurred for the Project are debited to Grant account. The excess expenditure incurred by us for the Project over and above the grant amount are debited to P/L account as our contribution.
The above Society is not registered u/s 11, 12 of the Income Tax Act and has never filed its Return of Income, nor deducted any TDS till date. It doesnot have any PAN Number.
QUERIES FOR OPINION
The Society wants to regularize the matter and your expert opinion is sought on the following matters.
1)Whether it would be assessable as AOP .
2)Whether its Taxable Income would be Net Profit/Loss as per P/L account or Gross receipts as per P/L would be the Taxable Income.
3)Whether Grants received would form part of Turnover for purposes of 44AB.
4)Whether Grants Received for Building FUnd credited to Capital Fund in B/S would also be included in Taxable income
5) What is the best alternative and what can be the worst consequences in the above circumstances.
my mother is a housewife in a past his father was given a cash to her and my father is also given a cash.ammount arround 5 to 7 lac. how to saw this amount in income tax return file this year? this amount her or my father. this intery before 9 November in bank
Egm was held on 24 th Jan for increasing authorised capital , And the form sh 7 was filed yesterday 11th February. Can I start the process of share issue from 25 th Jan or do I need to start after receiving approval letter from Mca for the form SH7. Because as per the description of Form SH7 - It is a notice to roc for increase in share capital. Thanks in advance.
can anybody provide me the information regarding regarding how to claim for refund, for which Income tax return has not been submitted. e.g. AY. 2010-11, 2011-12 etc.
which is best book for ca final-IDT for may 2017 please help me guys
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how much cash in hand in hand i can show in bs