CCI Online Learning
What do you want to learn today?
     

Freedom sale - Get upto 30% discount in all CA CS CMA and Certification courses. Call Coaching: 1800-3000-0505 Certification course : 011-411-70713

CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Accounts should be audited or not?


Debiprasad Jana   02 August 2020

Debiprasad Jana

 15 likes  267 points

| My Other Post

In a partnership firm, partners claimed remuneration amd interest on capital for the AY 2017-18.
Turnover is around 30 lakhs.

In 2017-18 did audit mandatory if partners claimed remuneration?

Department send a notice with demand. said that no remuneration is allow without audit. and imposed a demand.

Now please suggest a way to win the case anyway...

avater

Vishesh Surana   02 August 2020

Vishesh Surana

 360 likes  5652 points

View Profile | My Other Post

No, audit required, whether shown under 44AD

avater

sabyasachi mukherjee   02 August 2020

sabyasachi mukherjee

 126 likes  3565 points

View Profile | My Other Post

Send me the demand notice at sabyasachimukherjee7098 @ gmail.com

avater

Debiprasad Jana   02 August 2020

Debiprasad Jana

 15 likes  267 points

View Profile | My Other Post

@ sabyasachi mukherjee in AY 2017-18 audit is mandatory or not?

avater

Sagar Patel (Tax and Business Consultant)     02 August 2020

Sagar Patel
Tax and Business Consultant 
 375 likes  4314 points

View Profile | My Other Post

@ Debiprasad ji....Can you let me know,

At that time, Partnership doing what.. Business or Profession ?
Total income under head Business and profession as disclosed in Return in A.Y 2017-18..?

avater

Debiprasad Jana   02 August 2020

Debiprasad Jana

 15 likes  267 points

View Profile | My Other Post

@ sagar doing business. if business profit was below 8%.

avater

Sagar Patel (Tax and Business Consultant)     02 August 2020

Sagar Patel
Tax and Business Consultant 
 375 likes  4314 points

View Profile | My Other Post

Total income under head Business and profession as disclosed in your return in A.Y 2017-18 i.e remuneration+interest+other ?

Your income under PGBP, not of firm.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading

Popular Discussion


view more »



Trending Tags
GST Live Class    |    x