how this section works if a professional does not opt for this scheme and show his profit as 55 % of gross receipts in itr , whether he will be required to get his books audited.

i want to give old cash as a gift to my brother after 8th Nov 2016.tell me the legal impact on this transaction.

I want to know if we registered for it and op and paid fee and waiting list is not clear then In that case fee is refundable or not

Business is carried on in a building taken on lease and the assessee has made capital expenditure towards renovation of building. Can the assessee (lessee) claim depreciation on building as well as capital expenditure under the provision of section 32(1)?

best idt tution

my friend had many transactions in his bank account in the last past months and now he wants to deposit rs2.5 lakhs in his account .So ,if he deposits income tax department will report him ?

for example I have purchased a material for rupees 80000 on credit on dates 15-11-16 now I paid on ACCOUNT payment to him on 20-11-16 of Rs. 17000 23-11-16 of Rs. 19000 25-11-16 of Rs. 20000 1-12-16 of Rs. 20000 4-12-16 of Rs.4000 should Department allow this expense or not Thanking you

I am giving small amount monthly to my receptionist for meeting daily expenses. she is passing two entries.kindly confirm is she right or wrong. At the time of Payment of expenses Expense A/c Dr. To Petty Cash Cr. 2) at the time she receives from me periodically to meet these expenses. Petty Cash Dr. To Cash Cr. kindly confirm.

I am a general physician practicing for almost 20 years. I have never filed the returns except last year with 5 lac as income. Can I now deposit 50 lacs now and file return accordingly for the current year. What questions may come and how to manage them

Is it mentioned somewhere in companies act or any other law, or is there any landmark judgement related which says that a non executive Director of a company cannot start a new company with same objects within certain time period from the date of his resignation from the previous company ? Also what is the position of his close relatives in this regard ? Can they start such a company , even when that director holds the position of director in the former company? Note that there is no employment contract with the director , neither there is any shareholder's agreement or any other agreements that abstains himself from doing so. Please let me know if u have any views or knowledge on this.