A person having business turnover of Rs39 lacks and F&O turnover of Rs4 lacks,whether he is liable for audit u/s 44AB?

Cash payments in excess of Rs.20,000.00 made by a franchisee / dealer to BSNL (Bharat Sanchar Nigam Limited - a Govt of India undertaking) for purchase of SIM / Currency for resale to sub dealers and consumers, whether to be disallowed u/s 40A(3) or it is exempt from disallowance under Rule 6DD(b) of Income-tax rules 1962. Please clarify

can any one help / guide me abt regn of nbfc

can any one please tell me which reference book is more preferable for strategic financial management subject in final new course of C.A.?

if an assessee have two separate business say A & B both business's receipts dont cross 40lacs individually but aggregate crosses 40 lacs he is required to get audit report or not?

Is the mat credit entitlement credited to profit & loss account, a taxable item

Dear Sir

as defined u/s 44 AB AUDIT REPORT HAS TO BE FILED before 30 th september for ay 09-10.
the problem is that in case of e filing of return where and how to file the audit report . Is it compulsary to file the report or date mentioned in e return is sufficient.

If audit is conducted before due date but return of income e filed after 30 th sept. how much penalty be imposed .

section 272 and 139 was contradictory.

kindly suggest the solution .

The TDS rates of 20% (or higher if provided in the applicable schedule ) in case of NO PAN available (wef 01/04/2010) - my query is why only transporters are charged at 0% TDS if they furnish a pan , why are other contractors not included?

Is the Fm right by levying such exorbitant rates of 20% or higher , cos in some cases a person may not be legally required to have a pan ? Imagine a labourer working for 150 bucks a day, doesnt have any proof (cant remove a pan number ), falling under 194C will now lose 30 bucks a day as taxes ????

Shudnt the Pan provisions be amended before altering the existing TDS provisions making it compulsary for every person in INDIA to have a pan ?

I believe its going to create a havoc for a lot of ppl dealing in unorganised sectors ...whats the whole point of 206AA ?can sumone explain the intention behind 206AA ? or these provisions are just to provide more 75 lakh PAN applications this year to UTI/NSDL ?15G/15H also to become invalid if Pan not provided ?

Dear Sir,

Basically we are into ready made garment exports. Now my question is, we have made export shipment of USD 350000/- to a particular buyer in FY 2008-09 & all the payments have been relised in full for the same. Now the buyer is asking for the discount of USD $23000/-. While we approached our bank for TT Payment, they are asking us to surrender the proportionate drawback amt. I understand that if the discount amt is below 10% we need not surrender the export incentive. So I request you kindly advice in this matter.

Thanking you in advance,

Santosh

My client is a Call centre doing international and domestic business and it is a division of one manfucaturing concern.
Call centre is taking a services of outside india professional for liazing outside india clients and paying the professional fees via remitances.
Our Client view is since his services is rendering outside india services tax is not applicable.

Please provide me the answer with reference and cases if available
Thanks