TAX AUDIT AND INCOME TAX RETURN -URGENT
This query is : Resolved
Abhijit Puglia
(Querist)
29 September 2023
The Partnership firm was incorporte on 11-02-2023 and within 31st march, 2023. Total turnover is 2 Lacs out of that 95% is cash Sales and balance 5% in through banking transaction. Now question is Tax Audit is applicable or not. If yes then under which section ?
or
Can i file the income tax return A.Y 2023-24 and AY 2024-25 together?
can i prepare the Books of account from 01-02-2023 to 31-03-2024??
or
Can i file the income tax return A.Y 2023-24 and AY 2024-25 together?
can i prepare the Books of account from 01-02-2023 to 31-03-2024??
CA R SEETHARAMAN
(Expert)
30 September 2023
Tax audit not applicable.
No, prepare books of accounts seperately for year ending 31st March 2023 and file ITR.
No, prepare books of accounts seperately for year ending 31st March 2023 and file ITR.
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
