IF A PROFESSIONAL PARTNERSHIP FIRM RENDERING SITE TESTING SERVICES TO CONSTRUCTION COMPANIES HAS A TURNOVER OF 12.00 LACS APPROX
1. WILL IT REQUIRE AUDIT IF PROFIT IS ABOVE 8 %
2. IF NO THEN WHAT SECTION OF INCOME TAX SAYS SO.
3. WILL REMUNERATION TO PARTNERS BE ALLOWABLE FROM THIS PROFIT.
EG
TO-12.00 LACS
PROFIT:1.00 LACS BEFORE PARTNERS SALARY & INTEREST AS PER DEED

hi everyone.... i am in ca club from 6 months more. when ever i try to answer any queries which i know it is showing like you are not an expert.... can anybody tell how can i eligible to answer the queries.... and what are the criteria to become experts.. like any duration limit in ca club or any qualification needed..... please let me know... thanking you...

Hello frens
Actually i want to ask u that the sec 224 and 225 of companies act ,1956 has been replaced by the sec 139 and sec 140 of companies act,2013 .so while answeing the ques in exams of audit of clause 9 of professional ethics shall we should made the reference of sec 139 and 140 of companies act,2013 or sec 224 and 225 of companies act,1956 or we should mention sections of both the act.

i had completed my 18 months of article training.Distance from my hom to firm is 36 K.M's up n down covering a distance of 72 k.m's.Recently i met with an accident.and doctors are advicing not to travel such a vast distance..as im having seveour bak pain.and i want to transfer my articles to my near place..my question is as per ICAI norms in order to terminate artices there are some reasons which need to be shown to institute to get prior permission for termination.on the other hand my prinicple is not objecting the termination..he is willing to giv termination..wheter on these grounds..icai will giv permission to tak termination..?

Sir what is the procedure to appoint a additional director in a private limited company ?
I had already applied for din 6 months ago in form DIN 1. What to do now ?

is companies act 2013 applicable on audit report for ca final nov 2014 exams?

Shall income on free sale be included with other income of the assessee?

AN INDIVIDUAL ASSESSEE WANT TO GET HIS ACCOUNT AUDIT BUT HIS TOTAL RECEIPTS IS RS.1400000 AND NET PROFIT IS 650000.
SO PLEASE TELL ME THAT UNDER WHICH SECTION IT SHOULD BE AUDITED?
AS PER ME IT SHOULD NOT BE AUDITED UNDER 44AB.
WHETHER FORM 3CD IS ALSO REQUIRED TO BE GIVEN?

Sir,
LIC premium paid by me of my spouse / child, can i get it in tax benefit under 80C?

Treatment of income in the hands of woman assessee having only agricultural income .