if an individual having 2 independent proprietory business and the turnover of one business is 52.00 lakhs and another is 49.00 lakhs and if, 1) he declare profit in both business more than 8% is audit applicable.? 2)he declare profit under 8% in both the business than audit is applicable..? 3) he declare profit in one business above 8% and in another below 8% than what will be the circumstances for audit..? as of now the audit report is to be uploaded online so if. 1) auditor is one how can he upload audit report ..Combine business or separately upload.. 2) if auditor for both the business are different than how they deal with that..? thaks for ur time...

One of us client is into the business of selling of Gold & Jewellery.He has given a Commercial Shop on Rent and he is receiving rent and further he has taken a loan against Shop.
So can he claimed a deduction of interest paid against Shop loan?
if yes then under which section?

During the AY 2014-15 my tours & travels business incurred a loss of Rs 3,33,468.My question is sec 44 AD is applicable or not in the case of tours & travels business and need to audit?

Dear Sir,

please advise on follow matter:
we have paid sum amount to outside india against technical services for machinery installation without TDS deduct.
WE have not paid TDS.

Plz advise us that TDS liability on this or not.

Thanks

What Is mean By CENVAT?Is It central Vat?

Hi Members
Kindly clarify whether it is mandatory to send the duly signed ITRV to CPC thro Speed Post only or we can send thro ordinary post as we were done last year?
Thanks in Advance

ours is a pvt ltd co. we made an advance payment to a pvt ltd co towards AMC of rs 35000/- agnst work order & balance pmt to be made after the tenure expires.we deducted TDS @2% on the adv amount & paid Rs. 34300/-.Now the party has given us a bill agnst this payment which incl ser.tax & gross bill amt is Rs.39326/-.my query is what will be the Journal entries for this entire event. plz help its urgent

What Is the deffrens between accounts and finance.pls explain any one..

can excess exemption of current year be availed in the next years relating to a single property?

For the assessment year 2012-13 tds deducted to the client under 2 tan numbers.but client filed the return with only one TAN Number & Amount.ITO issued 143(1) and sent only above entered amount.Plz tell me is there any possibility to get refund relating to another TAN number and amount.