Tax audit
This query is : Resolved
Bikram Mandal
(Querist)
30 October 2017
Is tax audit is compulsory for partnership firm of turnover 42lakhs for A.Y. 2017-18? and whether benefits of interest on capital and salary remuneration can be claim of turnover 42 lakhs for A.Y. 2017-18?
CA Ysil Karunai
(Expert)
30 October 2017
Tax Audit not applicable for the above mentioned turnover. Very much you can claim interest & remuneration.
Why can't you follow me on twitter. Follow me on Twitter @CAysilkarunai for more interactions, knowledge sharings etc., Do it now!
Why can't you follow me on twitter. Follow me on Twitter @CAysilkarunai for more interactions, knowledge sharings etc., Do it now!
30 October 2017
Dear Mr CA Ysil Karunai Sir.,
AY 17-18 Tax Audit required Partnership Firm except 44AD...
Correct me if I'm wrong...!
Message likes :
2 times
CA Ysil Karunai
(Expert)
30 October 2017
Unless your profit is less than proscribed percentage of 8% or 6% u/s 44AD, Tax Audit in not applicable.
30 October 2017
Okay Sir.,
Okay I agreed U/s 44AD less than the limit....
But, Except 44AD....???
Okay I agreed U/s 44AD less than the limit....
But, Except 44AD....???
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Capital gains in IT returns
- Intimation under section 245
- How do you manage client document collection and follow-ups in your CA/CS practice?
- Urd purchase entry in tally prime
- TDS- 2026-27 Q1 Correction
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
