what will be the consequence in case of person OTHER THAN COMPANY who is failure to get the books of accounts audited within the time specified u/s 44AB but get audited later on and submit the same to AO along with ROI for the relevant AY. Is the penalty under section 271B is levieable.
please advice me with concerned court rulling, if any.

Regards
Pankaj Soni
CA Final Student

Dear sir

I want some information if someone did some business through saving account that turn over more than 1.5 cr. and he ready pay tax according act 44AD 8% of total turn over then he get any quires or if any get penalty for tax payer
Please guide me

Whether the vehicle (Motor van) purchased in the name of owner /proprietor (not in the name of proprietorship business ) can be shown as an asset in the Balance sheet of his proprietorship business ?

Notes:
vehicle (Motor van) is currently using for proprietorship business.

Respected experts, I am very confusing about this, A partner contributed capital Rs.13,00,000/- in the beginning of the partnership firm but at the end of the year showing Rs.17,55,000/- debit balance in his capital ledger due to more withdrawals than contributed. what should i do now? Please tell me...What are the income tax rules on this?

One of my Govt. Deductor deposited all three challans in wrong head under 400 instead of 200 in Q2 of F.Y. 2017-18. Now defaults has been generated for one challan while downloading jurisdiction report.In that report they have shown as short deduction and notice sent to us. So now what is remedy ??? Kindly Guide


Thanks in Advance

Dear Experts.,
I'm a accountant in a company. Having accounts knowledge and tally knowledge. In my company staffs and some my friends ask me for file their ITR... I filed their ITR returns with one of my friend's guide...

Can I file the ITR...? In future any problem is to me...?
Can I start a accounts firm and also file Income Tax returns and GST returns...?

Please help to me and advice...

Dear all, I have an query about taxability on compensation received by an individual family member. Case:- Mr.A was hired as a contract labour with ABC ltd(construction co.) for restructuring of roads. while working, Mr A came down under the dumper . family member of Mr.A got compensation for such cause from contractor. Now my question is whether this is taxable in the hands of family members of Mr.A thanking you all and I would be very happy if i can get any supreme court judgment for such case/s a

i had purchased property in 2006 now i had sold the property in 2016. i m planning to invest in another house property so in the mean time i have invested in the fd account so what is the treatment in filing returns

Dear Sir,

My Gross Receipt is Rs. 758650/- and Net Profit is Rs. 14685/-.
Do I need to do tax audit if it is less than 8% ???


thanks

Gross Receipt u/s 44AD including Service Tax is reflecting in form 26AS.TDS has also been deducted on Gross receipt Which figure of receipt is required to be taken for the purpose of computation of income i.e receipt including service tax or excluding service tax.

Kindly Advise.