Example: A partnership firm say ABC. STARTED in financial year 2016-17 .Turn over Rs.65,00,000/- .It filed as no audit case for f.year 2016-17.
But in 2017-18, Turn over is Rs.76,00,000/- CAN WE OPT FOR PRESUMTIVE FILING UNDER 44AD ?

Kindly advise me at the earliest

Dear All
Please advice whether a partnership can change their name to South Indian Group?
Rgds
Thank you for your advice . I mean the new name inlieu of the present name .The new name prposed is the South Indian Group and hence kindly advice any restriction for using the word Group as last name
Rgds

if company distributed divided in particular FY, will this effect calculation of bonus, if Yes please share calculation sheet.

Dear Experts,

i am a tax consultant , i have received many receipts in my current account for govt tax payments whether income tax, GST, MCA etc.,, payments .

clients as a normal practice send amount to my current account , after i will made payment on behalf of clients from my current account , to various govt payments,
now my query at the time of receipt under which account i will the amount received for payment, Kindly please clarify in Detailed.

TDS On Business Promotion Expense - Is It Liable for TDS ,IF Yes then which Section , IF Not Reasons or Case Laws if any !!

one co-op.society has neither deducted nor deposited tds on labour TAR n ITR are uploaded, during current year tds with interest will be paid. what other financial and accounting consequences may follow

Sir ,
for GST Registration of grocery shop ,under composition scheme ,category of registered person is being asked.

Option are as follows-
1) Supplier making supplies referred to in clause (b) of paragraph 6 of schedule II
2) Any other supplies eligible for composition levy
Sir from above which option to select.

It is a partnership firm tax audit of which has got delayed. Whether penalty will have to be paid before filing the ITR-5 for ay 2018-19 or whether shall be paid later. Further I would like to know the method of working of remuneration to partners if the nett profit is arriving as at less than Rs 3 lacs and if the nett profit is exceeding Rs 3 lacs.

Nett Profit less than Rs 3 lacs
Nett Profit more than Rs 3 lacs

Can we provide interest on capital also after providing remuneration ?

Please guide me and oblige.

Hello

I am a Director in a Pvt. Ltd. firm. The firm already has a loan exposure of Rs. 1 Crore. The firm is not able to meet its working capital requirements and because of it is incurring a loss of Rs. 2.5 Lakhs on a monthly basis. The firm's bank is not giving any further credit facility to the it. There is a property which is registered in my father's and uncles' names. Can we take Loan against that property and use its fund in this firm? If you have any other solution which can help me out in this matter is welcome.

Hello

My father and uncles jointly own a property. They want to register the property under my name. Do we have to pay any Stamp Duties in this case?