This Query has 3 replies
Auditor mentioning on balance sheet 'as per our report'. few auditors mention 'as per my report:. what is the difference in this ? as per my knowledge if CA is practicing in firm name it will be our report & if he practicing in individual capacity & not applied for firm name then he is mentioning my report.
Is this correct?
This Query has 3 replies
Dear Experts
Kindly let me know what's the meaning of DELETION of Asset while preparing DEPRECIATION SCHEDULE as per Companies Act 2013
Also whether when the useful life of Asset gets over & Carrying value of such Asset will come under Deletion of Asset ?? or it can be taken to Reserves & Surplus
Thanks in Advance
This Query has 1 replies
a doctor have gross receipts Rs. 40 lakhs in current year, he want to fill return in 44ADA, but he have also F & O turnover Rs. 27 lakhs and profit Rs. 80 thousand.
can he file itr profession income u/s 44ADA and f & o income tax audit togeather.
This Query has 1 replies
Greetings Sir/mam,
Kindly let me know whether Staff welfare exps are covered under Negative List and reporting under Clause 44
This Query has 1 replies
There is a person doing business and he was filing income under 44AD as the turnover is less than 2 Crores. And for the current FY 22-23 his turnover is more than 3 Crores. Can i file the ITR returns without Audit as per the new las of 5CR.
If Audit is not applicable then in which ITR we have to file can we take the Income in 44AD only???
This Query has 1 replies
SIR
ASSESSEE HAS TURNOVER OF RS. 80.00 LAC IN TRADING BUSINESS AND HAS RECEIVED COMISSION OF RS. 40.00 LAC FROM OTHER BUSINESS. THE QUERY IS -1. IF AUDIT IS APPLICABLE BECAUSE TURONVER HAS CROSSED 1.00 CRORE. OR
2. INCOME CAN BE DECLARED UNDER 44AD FOR TRADING BUSINESS AND FOR COMISSION INCOME BOOKS ARE MAINTAINED. AND ITR 3 CAN BE FILED WITHOUT AUDIT.
This Query has 16 replies
DEAR SIR,
ONE OF MY CLIENT IS PARTNERSHIP FIRM ITS TURNOVER LESS THAN 10LAKHS MEANS 6,77,892/- IN THIS SITUATION SHOULD WE FILE TAX AUDIT U/S 44AB, BECAUSE ONE OF MY CLIENT IS ITS PARTNER HIS IT RETURN SHOULD BE FILED, BUT THE FIRM DID NOT FILE ITR NOW CAN WE FILE AFTER FIRM'S ITR FILING THE INDIVIDUAL SHOULD BE FILED BEFORE JULY
WHAT TO DO
REGARDS
This Query has 1 replies
Please send the Financial Audit check list of Jewelry showroom
Read more at: https://www.caclubindia.com/experts/ask_query.asp
This Query has 2 replies
My company was incorporated in f.y 2021-22. The statutory auditor who filed ROC returns last year is not responsive. Please guide me can I change the auditor without resignation of last auditor. ??
This Query has 5 replies
One of my client has salaried income and doing F&O trading. In the last two FY i.e. FY 2020-21 & FY 2021-22 he has loss in F&O and asked to do Audit. So I audit him under sec 44AB(e).
Now, in the current FY 2022-23 he still have loss in F&O. Is audit applicable or we can file normal return.
Difference between our report and my report