Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a) as firm is newly incorporated in FY 2022-23 and filing first time income tax return as firm is declaring profit lower than 6%/8% as the case may be.
QUESTION 1).IS it compulsory to adopt 44AD as firm declaring profit lower than 6% and carried out audit under section 44AB.
2).maintenance of books of account is compulsory if firm want to file normal return without considering 44AD
why should check expenses payable during audit of last year expenses payable.
Answer now
what is TDS rate on technical testing.
Answer now
what are depreciation rate on
Fan
Interior Design,
Trademarks
For FY 2022-23
Sir,
A Doctor IMA (Indian medical association) subscription paid amount rs:51600/- through on bank mode three years 2023 to 2025.
Question:
1.Assessess ima subscribe amount expenses claim allowed
2.IMA subscription amount 3 years or one year amount expenses claim eligible.
I want to purchase a laptop, but currently I have not received my GSTiN no yet.
So Can raise a PO and get a delivery of laptop right now ? and and ask for tax Invoice after Once I get my GST no ?
Dear Sir,
What is the due date of gstr 9 and 9c for fy 2022-23 ?
Please clarify
Dear Experts,
Do we need to prepare tax invoice/e way bill if material are sent from one state to another for job work?
Also what when job work done from job worker and returning goods?
Regards,
We (Registered Company in GST Act) received a Invoice from UNREGITER PERSON (NOT REGISTERED IN GST) Rs. 45000.00 for IRON CUTTING CHARGES PURPOSE. what we will do now 1) TDS Deducted ? 2) GST Paid on RCM Basis ?
Interest on late payment of TDS is disallowed expense under Income tax
But what about interest paid on late filing of GST return and on interest/fee/penalty paid on late deposit of Provident Fund ?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
44AD applicability to newly incorporated Firm in 2022-23