Audit u/s 44AB is applicable if turnover DY excees Rs 1 cr.
Whether turnover includes VAT ?
FOR eg Sale of concern is Rs 98,00,000/- excluding VAT & sale including VAT is Rs 1,02,90,000/- in that case 44 AB is applicable?
Please suggest me when following vat forms are applicable
1)E I form
2)E II form
3)F Form
4)Local H form
5)OMS H form
6)I form
7)J form
Hello,
A Pvt Ltd Company exists with Rs.1 lac Capital(1000 Equity shares of Rs.100 each). There are 2 Directors(both brothers) and both of them are the only shareholders of the company with 500 Equity shares each.
They've come up with an idea for a huge project. The idea is so good that a couple of investors are willing to put money in the Company provided they get a stake in the profits(i.e. they do not want to show it as a loan). The fact is that the 2 original promoters/directors/shareholders will contribute their 'idea' whereas 2 new investors will contribute 'money'. The profits/losses shold be shared 1:1:1:1(or something like 25.5:25.5:24.5:24.5) among the 4 people since the original directors wish to claim 51% profits and stake.
Now, what are the different alternatives under the Companies Act to show the same?
Since my PaN was not updated in bank records ,they haave deducted TDS at 20% & the same is not reflected in 26 AS.Bank has given me form 16A.How do i get the refund back from IT Deptt
Please anyone who have project report of hotel industry, provide me at my mai id : maharisaida@yahoo.com
Dear Expert,
I am article student, I completed Ipcc group I. i register with both groups with articles and without ATC. Know i want to register ATC also. If, I will do ATC registration , there is any conflict to my Articles ? My articles completed 21 months.
Please give me suggestion.
many ca student and members conferences happen in number of cities but it is not possible to attend each and every conferences and hence please provide me any link if exist which provide free download facility of ppt of such presentation.
Thank you
Respeted al CCI expert,
Please tell me whether turnover or gross turnover liable to vat audit?
And what includes in turnover of sale?
suppose,
I have net sales (exluding vat) Rs 5800000.00 and vat on it is Rs 225000.00 whether I am liable to vat audit under mvat act.????
question regarding whether wealth tax applies or not
a lady has a house on her name(duly registered property) in a city and her husband (expired) had another house on his name (through power of attorney).Till date the house on husband's name has not been transferred to her wife or any children. is the wealth tax applicable in this situation?cost of both the houses is above 30 lacs.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Section 44ab