Dear Experts,
Kindly solve my problem.
For A.Y 13-14 my firm turnover is 83 lakh and I have calculated profit as per sec 44AD (8% on turnover)i.e 6.64 lakh.If I deduct remuneration & Int. then my profit is 75000/-
so my question is firm is applicable for Tax audit or not ? Because after remuneration profit is below 8%. AND for tax audit Net profit is considered after or before remuneration ?

Thanks
Junaid

Hi Expert


I have formed Pvt Ltd company for One of My Client in Dec 2013 with Issued capital of Rs . 27,00,000 , now one of director who has subscribe 50% share , is in Liquidity crunch and wishing for payment in August 2014,

I want to know whether there is any limit for making payment for share which is allotted during the company Formation.

Hoping your support as in every query in past

Thank you

Dear Experts,

Will CSR as per new companies act 2013 applicable on Indian companies or also on Foreign companies??? please tell me its urgent.. foreign companies like branch office liaison office??
This foreign company means including the foreign companies having place of business in India also???

as in the definition it is state that “company” means a company incorporated under this Act or under any previous company law;

so basically the "Every Company" should relate with the companies incorporated in India??
Please clarify??

Thanks in advance
Best Regards

Sir,
I am trying to reconsile last FY year entry in dtd 27/03/2014 cheque cleared on 02/04/2014 but its not showing bal as per bank account
please suggest how do i solve it.
Thanks.

what is the general fees charged for vat registration ?

Dear Expert,

One of my clients, he was not filed his income tax return for A.y. 2012-13.i.e.f.y.2011-12. his TDS IS RS.15000/-.

now, he wants to file return for A.y.2012-13 F.y. 2011-12.

i have advice him period is now over on 31.03.2014. whatever he wants to file return.
So, if i can file return in 44ad, what is impact of refund and panelty. for late filling of return.

pl. advice me , can fille return or not.
if file then what is panelty impose by income tax dept. and how to get refund.????

my client had registered madrasa under wakf board. now he wants to get 80g registration. what is the procedure to get 80g registration.

Inter company transaction entry

company A recived 50,000 from company b.

company b comes under which account -current liability ?


company A comes under which account - in the books of b ?

hi
i am right now doing ipcc and iam going to give my first attempt in november . i have decided to take up cs course simultaneously.
so my query is should i inform icai before registering to cs executive by submitting
t-3 form? but i am not into articleship as iam cpt passed student

Hii Sir

I Am a account assistant and i filled a income tax return forms online.i was made some mistake to fill up the itr4 form in sheduled computation of income tax there is verification column i was type another client name but the pan no is correct so it is wrong to send this copy to bangloru,and i will not revised this form because date if filling of A.Y 2012-13 is over....please help me as soon as possible