ANOOP V.P
03 February 2022 at 12:15

Communication with previous auditors-death

Before taking up an audit CA has to commuciate with previus auditor.

Suppose previous auditor has passed away then what will auditor do?

Whether he can take audit without communication or to communicate with auditor immediately preceeding the previous auditor?

pls answer me.


amit bhatia
07 February 2022 at 13:30

Regarding TDS on purchase goods

I want to clarify about TDS for purchasing goods. Suppose my turnover is less than 5 CR in the current and last financial year. And sold goods to one client of RS for 3 CR or more during this year, so my question is. Is it mandatory for my customer to deduct TDS?


Aarati Sabat
03 February 2022 at 11:09

CA Articleship_Franking

Dear Sir/Madam,

I have registered for CA Articleship via "online mode" and my form is approved by ICAI and have started with my training.

Please assist, if I need to get franking or deed on non-judicial stamp paper in online mode of articleship registration or whether it is not mandatory.
Please guide.


sankar ponnan
03 February 2022 at 10:38

TCS / TDS @ 0.01%

SIR / MAM

As per new rule, TDS / TCS is applicable on the value of Purchase / Sales exceeds 50 Lakhs if turnover crosses 10 crores.

My doubt is
Once Paid / Collected in a year, should it be continued to next years also even the turnover less than 10 crores ?
Or
It is applicable only in the year in which the turnover exceeds 10 crores ?

And,
Is it right to charge TCS on Invoice by the Seller ?

Plz guide me
Thanks in adv


Chaitanyaa

What is the exact meaning of phrase" Sales are vanity, Profits are sanity and Cash is reality". I came across this while studying cash flow statement?


Amandeep Singh
02 February 2022 at 22:50

Fixed deposit advise for ITR



Dear Sir

please suggest Mr.A is not filed income tax return because his annual income is less then 250000/-but he is saving every year Rs.60 thousand to 70 thousand ( in saving account)per year from since 2005. in 2012 he was made fd from bank Rs.5 lac and one fd in year 2020 RS. 8 lac and now again in year 2021 he made Fd Rs 2 Lac all fd renewal in every year. So can Mr.A face any issues from IT department. interst from fd reflects in AIS form in previous year his annual income exceed from basic limit and he filed ITR.





Atul Agrawal

I am an individual taxpayer having a house property with my name received by gift deed from mother. Now I am recently purchased an another new house property with my wife's name for which I have taken a loan(first time ever) from an approved financial institution and I am also co owner for loan purpose.
Now my question is that am I able to claim the principal and loan rebate in my income tax file and also what will be impact to remove the rebate to claim RS. 150000/- for interest on loan in latest budget 2022 in my case. Kindly fully explain.
Atul
8302096732


Divyanshu Singh
02 February 2022 at 21:51

Rectify investment declaration

So My company asked for investment proof submission for FY 2021-22. And I submitted wrong HRA proofs (incorrect receipts & rent agreement). Now the portal is closed for any modification. And I must change it. What can I do? Can I just file revised return at the time of ITR filing?


Suraj
02 February 2022 at 21:51

Monetary gift by married sister

Dear Sir,

Mrs X, who is married, is real sister of Mr. B. Mr B wants to purchase a flat. So he asks for monetary help to his sister. She also doesn't want her money back.
Can a transfer of X amount of money by Mrs X, who is a Married, to her real Brother be treated as gift?
Kindly guide me.

Regards,
Suraj


Bhasha Desai
02 February 2022 at 21:41

Hospital under section 17

Is P D HINDUJA HOSPITAL COMES UNDER SECTION 17





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