One of our client retail trade business .having turnover of less than Rs.40,00,000/- but he could not file his return before due date can he get presumption of 5% of turnover in this case.

We are turnkey contractor with work contract of Rs. 12.00 lacs. We had received full and final payment. Please clarify the limit of 10 lacs is actually the gross value of total work contract or the labour component calculated as 33% of the work contract.

what are open ended and close ended schemes of mutual funds

Sir i have folowing experience:

4 months with Indian Overseas Bank (Concurrent audit)
9 months with Oriental Bank of Commerce.
(Concurrent audit)
8 months with ICICI bank ( Regional processing centre)-(Concurrent audit)
5 months with ICICI bank (Internal Audit)
1 months with Agricultural Insurence Corporation (Internal audit)
15 days (Statutry audit PNB)

Should i continue with icici internal audit for the rest period.

Dear Sir,
There is a course named as Actuary Course from The Institute Of Actuaries Of India. I would like to know how far will it be useful if i take up this course. I am doing my C.A.Final.
I am willing to practice the proffession after i clear my C.a. So will i be able to earn more if i am an Actuary.I would like to know regarding the Scope of this course.

Waiting for your Reply.

Thanking You,
Praveen

I am a PCC student, appearing in November 2009. I want to reply queries if i can. As it will help me in my practise. So, kindly, let me know the procedures.

Is that mandatory to file the Income Tax returns of an Individual, even the tax payable is NIL.

Dear all, Could you please help me out on this with references or section wise. My query is if we get a single bill of repair & maint and there is specific writen about labour and material/parts, should we deduct the TDS on whole bill amount or we can deduct on on labour. Please give some ref also.
Thnks & Regards

respected sir,
please let me know the exact defference between profit and loss account and profit and loss suspense account.

whether loss under F&O considered for turnover u/s 44AB