can anyone provide me with sample trust deed of a charitable institution registered under income tax act.
Answer nowMY CLIENT IS A RATION AS WELL AS NON-RATION DEALER. HIS TOTAL TURNOVER DOES NOT EXCEED 60 LAKHS FOR A.Y.2011-12. HIS RATION SALES IS APPROX 40% OF TOTAL TURNOVER. IS HE LIABLE FOR AUDIT U/S 44AB IF HIS NET PROFIT MARGIN IS LESS THAN 8%?
ALSO WILL HE BE COVERED UNDER 44AD?
Our company is limited company and engaged in Agriculture activity's but how we want to add construction object in its object.
So can we add such object and what is procedure for the same.- its Urgent
DEAR SIR/EXPERT
Can v claim same deduction on the basis of the given judgement of CIT Vs. Kiranbhai H. Shelat [1999] 235 ITR 635 (Guj). the link given is as follows. http://aisha.caclubindia.com/experts/details.asp?mod_id=388050
Here the case of LIC Developement officer. and wanted to claim 30% duduction of incentive bonus and cash award received. As the duty is just like sales only se infact also expenes are happen....
So please advise me
What Are the fields a new ca should develop in his skills and attitude to succeed in the practising world
Answer nowDear Sir,
Regarding Sec 44 AD, the section says "any business whose gross receipts or turnover is less than 60 laks, excluding hiring of goods carriages" - an assessee can declare 8% on turnover as presumptive income.
my doubt is - whether commissions received from insurance agency is also included in this section. can an LIC agent declare 8% of his gross commission as his income if the gross is less than 60 laks.
Hi,
I am applying for a duplicate pan card as My sur name has some changes.So the customer care from tax office said me that, you have to attach the passport copy as well as a certificate from a gazzetted officer.So i searched in the web and got a format as given below.My query is that, is this enough?Can i attach the document with passport copy and send it to income tax office.Is there any problem?Will they reject it?Help me
Thanks
Format is :
IDENTITY CERTIFICATE TO APPLY FOR RENEWAL/UPDATE OF PAN CARD DETAILS
Certified son of holding Pan Card numbered is residing in the following address and his personal information are as follows:
Name:
Father’s Name:
Date of Birth:
Permanent Residential Address:
The above said person has produced required documentation related to information details provided and his identity is certified. I hereby recommend issue of PAN Card to him.
Name, Designation and Address
of the Certifying Authority.
Applicant’s photo to be attested by the
Certifying Authority.
B receive the Guest House from A (Owner of the Guest House) @ of monthly rent of 85000/-(per month). B then give the guest house on Rent to C @ 260000/- per month.
i)Is A should charge Service Tax on Bill to B amounting 85000/-.
** He deduct TDS 8500/- on Rent.
ii) Is B should charge Service Tax on Bill to C amounting 260000/-.
** He deduct TDS 26000/- on Rent.
Please advice since both A & B are not registered to Service Tax.
What are the Criteria of Service Tax deduction.
sir i have completed my articleship on 10th april 2011 but my sir is not givin me sign on form 108.i gave my final attempt 1st time on may 2011.
he have'nt given extention while submitting exam form so can he gve extention on form 108.
plz reply as early as possible.....
thanx in advance.....
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