i am director in a company with turnover of Rs22.00 lacs and net profit of Rs12000.00.
please clarify the following
1.is it required to get audited under income tax act.
2.if yes which tax audit form is applicable form 3CA/3CB.
3.also clarify if it is being audited under companies act is audit under income tax also compulsory.

Revised rules effective from 01 April 2016 make it clear that there is no requirement of submission of Form 15CA and 15 CB when nature/purpose of remittance is one of the 33 provided under exception List .Transfer/Remittance of funds from NRO Account to his own NRE Account in the same Bank are covered under Nature of Payment/Purpose code S-1301. Such transfer/remittance is not taxable as such submission of Form 15CA and or Form 15 CB are not required. Perusal and review of information required under 15CA and 15CB forms indicate that these forms are not required for transfer of own funds from NRO account to NRI account by NRI.
This position is very clear CBDT Notification no 93/2015 dated 16th December 2015 and also from Rule 37BB for such transfer .
In spite of this Branch level Bank invariably ask for 15CA /15CB . In my view main and sole reason for insisting for unnecessary and irrelevant 15CA and 15CB forms is not to any possible audit risk. What is correct position?

We have a partnership firm and I am one of the partner. I want to pay the company invoices by my personal credit card as no credit card is issues to a partnership firm. So what is the problem paying by my personal credit card and what entries we need to do in tally to reimburse the partner for the same

The present case relates to a senior citizen earning pension income and Income from Other Sources.
However, due to inconvenience of his lack of finger prints, he has failed in generating his AADHAAR card multiple number of times.
Since income tax filing mandates the necessity of AADHAAR number of the assessee, how can the above mentioned senior citizen file his ITR?
Looking forward to a response at the earliest.

Thank you.

For AY 2019-20 : Assessee has business loss amounting to Rs.525000/- other than salary income and capital gain. Assessee has interest on saving bank a/c amounting to Rs.15000/- which has also been disclosed in income from other sources. Interest income has been set off with business loss and business loss has been carried forward. In this way, deduction of 80-TTA amounting to Rs.10000/- will be admissible or not. Please advice.

We have received payment of Rs. 11200000/- in F.Y. 2018-19 from PWD after deducting VAT 4% TDS 2% and Security Deposit. Actually this payment has to receive in F.Y. 2016-17 (Prior to GST implementation) which was hold by department due to some disputes. After clarification department released. Our query is whether we have to borne the GST liability on above Bill amount or not.

Dear Sir,

What could be the SAC code for transportation of buildings materials?yo

Thank You

Sir
I am not a Director currently with any Company.
I was a Director of a Section 8 company in the past. I do nto plan to be a Director in near future.

1. do I still need to file KYC for my DIN?
2. If I do not file KYC for my DIN, What are the implications or liabilities?

Swapan

Dear Sir
in a Commission Agent ( Agriculture work dhan mandi ) who is not trading. just sold the Crops to debtors on the behalf of farmers. some time debtors is not paying full payment i means to say Paisa. for example
(1) Commission agent release the bill of Rs. 112355- 44
But received the cheque of value RS 112355-00
(2) release the bill of Rs.44320-88
Cheque received Rs. 44321-00

How to adjust difference of @ Paisa

When i am trying to validate, it is giving an error message "Zip code is mandatory. If you do not have a zip code, then select Yes". However, the selection cell is a protected cell and "Yes" cannot be selected. I have written to helpdesk but no reply. Has anyone faced this problem and can someone guide me to overcome the same and enable me to upload the return.

Thanks
Sanjay