Can some body guide me about 145A statement

(a) how to give treatement while calcuating the income tax for the company

(b) under what cicumsatance it should add and deduct from the profit.

(c) what are the items like Excise, VAT etc apart from the above to be added in the statement.

(d) if any body has excel file with practical example how to calculate the 145a and how to give effect in the income tax cacluation

thanks a lot for solving my query.

i mentioned of retailer and as u mentioned i'll have to consider 5% of the total turnover as income if turnover does not 40 lakhs. and also it is not necessary to operated through current a/c.

so finally to start with filling procedure
1. will i'll have to prepare final accounts showing around 5% as income of the total turnover.

and any other compulsory rule to comply with other then filling with the appropriate form u can suggest.

My question is, what will be treatment of 'Notice Pay' paid to earlier employer. Whether it will deduct from the head of salary computation either it is recovered from current employer or not. Infact the notice pay recovered from the current employer has taken in computation of salary and for which period notice pay paid, the employee receive the salary and pay tax on that. In my opinion the ' Notice Pay' Paid should be deduct from salary.

CA. Mahesh Kedia

Sir during applying for visa or job occasionally a CA has to mention the stdy level,In the general interest any body should make it clear what one should say
CA equivalent to 1.Master Degree 2.Degree course 3.Higher Course 4.Diploma.5.other


With Thanks

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sir,
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sir,