CS Mitesh Mehta
08 March 2017 at 11:09

Pan number

Respected Learned Members,

In case of Change of Constitution, New PAN Card is required t o be obtained.

For e.g Statutory Auditor firm is changed into LLP..

whether new pan card is required to be obtained.
whether PAN number will also get changed.



Anonymous
08 March 2017 at 09:38

Filing of form 10b

Dear Sir

I it compulsory for auditor of the charitable trust to file form 10B for FY 2015-16 ?? Is there any relaxation if form 10B not filed ?

What is penalty for not filing form 10B & also IT Return for FY 2015-16



Anonymous
08 March 2017 at 08:12

Tax audit requirement

A is an homeopath doctor practicing in Delhi. His total fee during current FY 2016-17 is likely to be 20 lakhs. This includes medicines he dispenses to his patients, but separate charge is not made for medicines, but included in gross fee
He maintains most elementary record to arrive at profit like fee receipts/ expense vouchers for major expenses and banks all his receipts on daily or twice a week. Expenses are by cheque or credit card. Annual profit is worked out based on these records.
He files his tax return providing details of his gross income/ expenses / depreciation etc, does not opt for sec 44ada (presumptive income), files ITR4 but his net profit comes below 50% of gross income. Is it mandatory for him to get accounts audited and file tax audit report? He is below tax audit limit as his gross income is only 20 lakhs?


Rohit Meharia
08 March 2017 at 01:42

Cash payment exceeding ₹ 20,000/-

Hi, Please guide me that whether a firm can pay remmuneration to partners Rs 25000/- each in Cash? The amount is within the permissible limit of Section 40(b).


Deep Garg
07 March 2017 at 23:50

Tv machanic income

Dear Respected Members

Please tell if a person who is tv machanic. Doing work from his residential home. Earns annual 3 lakhs. can he file itr 4s because in this case no books of accounts is maintained. As he repairs tv and got payment of it. No debtors and no creditors. If he can file itr 4s then under which head his work comes i mean nature of work.


smurtiranjan mohanty
07 March 2017 at 22:57

80DDB

if a 64 year old tax payer incurred expenses for his dependent 30 year son will he got 60 thousand deduction limit



Anonymous
07 March 2017 at 21:53

C form related

i want to buy a hyd excavator in w bengal which cost is about 50 lakhs rupees. can i get relief if i get C forms from comm tax deptt of w bengal? How much i can save if i issue C form to seller of this machine?


Ramesh sp
07 March 2017 at 21:29

Is sbi mutual fund and Income tax

Hi team, I have invested in sbi magnum mid cap fund(G), through sip, and can I show this for income tax slab , for saving tax amount. pl guide me



Anonymous
07 March 2017 at 21:10

Query

Deduction available for physically challenged dependent without doing expense. Which documents required for give deduction to employee disabled dependent...??


Thanks in advance


kailash garg
07 March 2017 at 21:08

Purchase flat or apartments

DEAR SIR,

I M INTERESTED IN PURCHASING FLAT OR APARTMENT AND TAKE LOAN AND CONVERTE THE SAME LOAN IN EMI

NOW PLEASE PROVIDE ME THE DETAIL & HOW MUCH TAX SAVING IS THEIR AND UNDER WHICH SECTION

AND ALSO CALCULATION OF TAX SAVING MY INCOME IS APPROX 750000/-



KG
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