Dear Sir,
My CTC is 11lac but I have started a flying business last year where in I incurred a loss of around 75k so which ITR do I need to file and will my loss need auditing??
Whether a foreign entity's India branch in India is required a statutory audit of its Branch operations in India ?
If yes than what are the consequences of not doing audit ?
Assesses is doctor he is also dealing in Future and option in share market, during FY 2019-20 he has loss in FNO trading whether he need to get his books of accounts audited ??
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Dear Sir,
For partnerships firm for audit u/s.44AB profit above 8% shall include interest & remuneration to partners or not.
Thanks in advance
Hi,
Can a statutory auditor conduct audit for 15 month period at the request of client. If so what are the tax & legal consequences??
Generally everytime we conduct audit for accounting year of 12m April to March.
This assignment is in addition to it.
From which Assessment year new threshold limit for Tax audit of 10Cr is applicable?
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Dear Experts,
An assessee earned Business Loss of Rs. 2.85 Lacs from Speculative & Non-Speculative transactions for FY 2019-20.
His Gross Total Income is Rs. 7 Lacs.
Turnover as per 44AB for Speculative & Non-Speculative - absolute value of profit/loss + premium on sale of options is 9 Lacs.
Queries:
1. Whether tax audit is applicable in its case?
2. If tax audit is applicable the under which section of 44AB?
TDS late Fees and Interest and ROC Fees for Increase of Capital are disallowed under which section of income tax?
Also help me for reporting in Tax audit Report?
ONE INDIVIDUAL HAVING SALARY INCOME OF RS 20 LAKHS AND LOSS FROM INTRADAY TRADING IN STOCK MARKET (SPECULATIVE) OF RS 30000/- WHETHER HE HAS TO MAINTAIN BOOKS OF ACCOUNTS AND GET IT AUDITED U/S 44AB??
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SIR IN CASE OF PURCHASED FROM UN REGISTERED DEALER AND SOLD TO SMALL DEALER. THEN HOW TO MANTAIN ACCOUNTS. THER IS NO PURCHASE OR SALE BILL. BUT TURNOVER GOES ABOVE 40LAKHS.
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Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
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Salary and business loss AUDIT