A CA has gross receipts of Rs 20 lacs. He maintains regular books of account and want to show net profit of Rs 5 lacs.
As this net profit is less than limit of 50% as specified in section 44ADA.

Does it mean that he will have to get his accounts audited under section 44AB.?


Regards,

Sir,

Shall i file Income tax return for the F. Y 2013-14 A.Y 2014-15 Now.
My income is below taxable

dear sir,
if we have centralised registration under service tax in west bangal and want to get migrate in GST with delhi address as principal place of business, is it possible, if yes than what is the procedures.
thanks in advance.

if I'm a joint owner in asset and consideration on my part is below 50lakhs whereas total consideration exceeds 50 lakhs. am I liable to deduct tax on purchase of such property? as per the words of section transferee is liable to deduct tax on consideration . so which consideration should I refer... 1) individual joint owner based or 2) deed based?

I work through third party HR management in a company. Now the company where I work they are changing the vendor and re recruiting thought new HR company. They have given us a new salary breakup where they did conveyance to nil and added telephone, bonus / ex gratia and vehicle reimbursement section. but my total CTC is the same as previous.

Also the have increased by basic salary

Please suggest if it will affect me tax vise.

How can cliam TDS if Client follows cash method of accounting. Some income received in this f.y and some income not received but TDS was deducted?

Hi,

Whether drawings by a partner from the partnership firm is taxable in the income of partner.

Whether it is treated as exempt income.

I have given my house on Rent. Rent is Rs.4500/- (Rs.3000/- towards rent, Rs.1000/- towards maintenance & Rs.500/- towards parking ) Please explain how i should show in my IT return. I have purchased this house on Loan.

Sir,

Is there any format for fixed asset numbering to make a fixed asset register.
How will we categorize FA in to P&M, F&F, Computer accessories, Etc.
If you have any excel format plz send me.

Is it possible to file income tax return for FY. 2009-10,2010-11,2011-12?

IF your answer is no , then suggest me any solution through which i can file income tax returns for FY 2009-10,2010-11,2011-12. TDS from salary has been deducted by employer. Employer also had deposited TDS amount to the government. Only income tax return yet to be filed.
Please suggest me solution on this problem.

Thank you.