For AY 2020-21
Assessee: Individual
Source: Income from Business
Turnover: Between 1cr to 2cr (Having cash payments exceeding 5% of total payments, however cash receipts are less than 5% of total receipts)
Profit declared > 8% (Not opted for presumptive taxation u/s 44AD)
Whether the assessee is liable for tax audit u/s 44AB?

HOW TO FIND Regions FOR ESIC and PF Registration. for EXAMPLE. Principal of business is janka puri and in delhi there are 3 region.
1.Sub Regional Office, Nand Nagri
2.Sub Regional Office, Okhla
3.Sub Regional Office, Rohini
my question is where janak puri fall in above 3 sub regional office

Please help me in solving this query.

A private limited company is being voluntarily liquidated. The I.T returns for the FY 2019-20 needs to be filed.

It has a business loss. The reason for business loss is the liquidation expenses. Almost 90% of the business loss is due to liquidation expenses (like remuneration paid to liquidator etc.).

The company has also got some Foreign Exchange gain during the FY 2019-20 which is part of business loss.



My questions are as follows:

a. Whether the liquidation expenses are allowable as a business expenses?

b. Whether business loss arising from the liquidation expenses can be set off with the Foreign Exchange gain?

c. Also do let me know if there are any provisions and case laws in this regard.



Thanks in advance.

Does a Pschologist needs to register for GST ?

Dear Sir,
Please suggest us how to prepare provisional,estimated and projected balance sheet with an example. How it calculated.


Thanks

Hello Team,
I have a little bit confused about the calculation of HP income related to AY 2020-21. Currently, I have two house property, one is used for self residence purpose and the second one is let out.
As per the latest amendment in I.T Laws, the assessee has the right to claim two house property as self -occupied consequently the value i.e. NAV of both houses should be taken as Nil irrespective of fact that the second house had given on rent. Further, as per my understanding, I cant able to take any benefit of section 24a & b except interest on housing loan i.e. INR 2,00,000.
My query is Can I considered second home NAV as NIL or considered rent as NAV particularly in respect of AY 2020-21?

Particulars IGST CGST SGCT
Output (Liability) 90000 210000 210000

ITC Opening 0 80000 0
All other ITC 350000 0 0


How to set off liability

There are 6 partners (Mom - Dad - 4 Children) (20%-20%-(15*4)%). Dad died and profit-sharing ratios now will be (Mom - 4Children) (20% - (20*4)%). i.e, 20% each. What will be the treatment of the capital of Dad if it is inherited to all the 4 children equally? And what will be the points in the highlight in amended partnership deed?

assess sec 44 ada I.t. return filed every year.but three years I.t returns true copy certified by CA for bank loan purposes
Question:
UDIN no.manadatory or not manadatory

Tax treatment of bond amount paid by employer to employee My client paid bond amount to employer Rs 300000 now he want to claim such Rs 300000 as deduction from salary can he do so if yes please send me judgement and also mention legal case of the same so I can understand properly