Turn Over 20 lakh
Profit declared 1.5 lakh
Is he liable to maintain the books or not ?

even if he opt for 44AD he is not required to maintain the books, as profit is not more than basic exemption slab

but as profit is less than 8% so would it be said that he is now not using 44AD ans if he is not using 44AD mean he is required to maintain books as per 44AA

i have missed 3 attempts of ipcc after giving 5 attempts.. i want to know if i have to take readmission for giving another attempt

Is it necessary to claim 44AD if turn over is less than 1 crore or an asseessee can claim profit as computed on the basis of books of accounts maintained by him even if profit is less than 8% of turn over as shown by books of accounts
Eg-turn over 50 lakh
profit 3 lakh
and accounts has been maintained by assessee so can he claim profit to be 3 lakh and not use 44AD and as he is not using 44AD conditions of 44AD of audit of a/cs if profit declared is less than 8% then accounts to be audited shall not be voilated too. So can he show profit of 3 lakh with out audit being done

Sir 1plot I sold in jun/14 on44lacs wich is Purchase in May 2004 in 2.20lacs.I already purchase 1 Res.house on 80% on my name &20% Wife name with Hosing Lone for tax benifit for both of us in jan2012.
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption

I'm going to write IPCC in Nov 2014. what are differences between Co's act 1956 and 2013???? how to prepare for it if have the old book???? pls advice me in this regard sir......

what are the changes in group 1 of ipcc for nov 2014 attempt?

i gave ipcc g1 in may 2014 but for some personal reason i could not give the paper of tax and costing... now i will be giving the g1 in nov. 2014.. so in the best case scenario i would complete my ipcc in may 15 .... so my query is that will i be able to get a good firm for articleship?? i always fancied the idea of getting into a big 4 firm ... so if after completing ipcc in 3 attempts would i stand a chance to get into a big 4?? also are short term courses helpful in getting a good firm ??

Hello friends,

I have to fill my income tax return,but unfortunately the person who filled my previous years return is dead and the password and acknowledgement copy both are with him.i did not got the same.

so please suggest any other options so that i could be able to fill my return.

i am a daily share trading business and have 19 lacks of turn over last year can i file my return by paying tax on 8% basis of 19 lkacs AND FILE RETURN(NO ACOUNT BASIS).OR NOT ELEGIBLE TO DO SO

Would doing LLB after CA be advantageous?