One of my friend has a business of sale and purchase of Stamps and notary also. He has a turnover of 3 crore's, his commission on sale is 1 to 2 percent. My question to you is, is he liable to tax audit...? from last 3 years he has a turnover exceeding 1 crore and he had not went for any tax audit, is their any risk of scrutiny...?

Dear All,

Kindly help me with the following query:
What amount should be entered in Column (4) of Clause 34(a) of form 3CD relating to TDS: Whether the total amount shown in Profit & Loss Account or onl the amount eligible for dedction of TDS?

Thanks

I file the income tax return of a.y.2013-14 on 23.03.2014.. return is not submitted to cpc bangalore within 120 days. I want to revise the return.whether the return could be revise or not. thanks

Sir, i've finished my IPCC, i'm working at a small firm. I want to change my firm as I don't think it can give me a better scope allover the industry... Is it advisable to quit and go for a mediocre firm or just move on as it doesn't matter.

A Pvt Ltd. company is incorporated on 22.08.2014 having 2 directors,they are also the subscribers. after five days the dispute arise between the director and one director has submitted the resignation letter dated 01.09.2014.

Now my query is that how the other formalities like first board meeting, allotment of shares, filing of INC 21, 22 will be done.

plz tell me what are the amendments in IPCC syllabus as compared to may 14 for students appearing in Nov 14

Dear expert team,
For CA final registration whether mark sheet downloaded from caresults is sufficient or whether we should wait for the mark sheet that we will receive from ICAI.

Dear Experts,

Can all the Promoters be the Directors in a Pvt Ltd Co.?

We had purchased some materials like Copper Tube, Drainpipe with foam from party for installing AC machines. The supplier charged Rs.1,00,000 for materials and Rs.20,000 for installation. Whether TDS will be applicable to this. If yes what amount we should be taken for calculation of TDS, 20000 or 120000.

hello sir,

i am filing the return of LIC Agent. he has received the total commission of rs 768321 (incl f.y commission, renewal commission , bonus ) i have put all theses details under the head income from business and profession. now i want to know about the deduction of 50 % and 15 % respectively . whether i have to prepare p/l account or not ??

no books are maintained by him