one assessee who is an individual has two separate business 1st one being retail shop where his turnover is 37 lakhs and 2nd one being manufacturing concern where his turnover is 27 lakhs....
AS per the provisions of sec 44AB when the turnover in business exceeds 40 lakhs tax audit attracts....
As far as i see, the business is attracted to the provisions of sec 44AB and not the assesse. Based on this view the following are my querries....
Is the said assesse is liable to get his books of accounts audited under 44AB, as he is having 2 separate business which are not related to one another and individually turnover of each business is less than 40 lakhs?
Can the assesse go for the provisions of section 44AF for retail business, and show income without 44AB audit for the manufacturing business?
Please mention sitations if any....

I have not received ny refund of Rs. 12,550/- for A.Y. 2008-09 and Rs. 18,250 for A.Y. 2009-10.
What could be the possible reasons for it?
If ITO seeks to get some donation then how much will suffice?
plz tell if there is any other remedy also?

Thanks in Advance.

I have started my articleship in 1st November 2007. After 3 1/2 years it ends on 30th April 2011. But there was a mistake in calculation during my registration and it was printed in my identity card as 31st may 2011. Whether I can attend my CA Final exams in May 2011? What is the procedure to correct the same?

Hello Friends,

Iam going to take II group(OLD CA FINAl).Can anybody suggest best books for DT, IDT, COsting and Information technology.Please note that Iam not going to take any coaching i.e self study.

Regards

can someone send me dolphy d'souza's ebook!

In form 501(form for vat refund)
we can claim vat refund for the period starting from 01/04/06 & not prior to it.
But ABC Co has vat refund of Rs.17000/- in 2005-06 & this refund is brought forward & adjusted with VAT LIABILITY of 2006-07 & VAT Refund of 2006-07 is brought forward & adjusted with VAT LIABILITY of 2007-08. In 2007-08 there is VAT REFUND of 130000/- after adjusting refunds from 2005-06. So how one can claim refund in Form 501 as it mentions condition of period to be started from 01-04-2006.
Kindly help to solve the query.

Dear Sir,

I heard that every manufacturers who paid Excise duty of Rs.10 Lakh have to e-filling of ER4, ER5 & ER-6.

Please guide in this matter and give me such notification.

Warm Regards
Anand Vadu

We are paying commission to members of scheduled tribe in Mizoram whose income is exempt under section 10(26). Please guide whether TDS needs to be deducted on this payment as it is exempt from income tax under section 10(26).

DEAR FRIENDS,
i m going to appear in nov-2010 ca final exam. i have taken coaching of A/c, mafa, casting, mics. but dt, idt, audit, law - i m doing self. the coachings were taken in june-2009 for A/c, mafa, cost & mics.

but i did not revise after coaching.
now, i want to study all subjects self.
so, plz tell me what should be my strategy to complete my course and get good marks in nov-2010 exam.


i shall be thank ful to u for this?

plz explain fully?

Dear All,

Please take a note that, we are engaged in Software development.

Recently we have purchased computer(PC) and install addition software in that machine

Now we want to sale this item to client.

Further note that, we have services tax no. and VAT not applicable to us.

I request you to please suggestion, which type of tax applicable to us.

A waiting for your reply.

Your co-operation will be highly appreciated

Regards
Rajnish