Income Tax queries [34327]

All Resolved Open

Hussain

29 September 2009 at 16:19

Sec. 44 AB Audit

Hi sirs ,

Is "VAT payable" or "VAT" covered u/s. 43B even if the same does not pass through profit and loss account.

IF applicable . what has to be done when there is a violation in payment of VAT u/s. 43B - does it mean that i have to offer VAT not paid within the due date as income in my b.I computation [Bec. the VAT does not pass through profit & Loss account][It is just a government due which is collected from customers and passed on to government after setting off VAT input and hence not the expense of the firm] - Kindly help me and elaborate on the aforesaid.

Hussain

29 September 2009 at 16:11

Company Law & Corporate Governance

Hi sirs,

How many directors are required to sign the audited financial statements and what is the related provision in the companies or any other act which mandates the aforesaid.

if the answer is all : then can the board delegate this power to a particular director

Vikas

29 September 2009 at 16:09

Urgent ..Urgent

Dear sir,

1. Can we adjust business loss aginst income from House property ?

2.IF yes, can we adjust the brought forward loss also..?

3. IF yes, Can we adjust the brought forward loss of discontinued business income from House property business.

kapil

29 September 2009 at 16:01

Service Tax on Commission

i have a Trading Business For which we have take service tax Registeration for payment of Service Tax on Goods transport we use. apart from the trading business we also have commission being generated wherein total amount of Total Commission is not exceeding Rs 10/ Lakhs, am i liable to pay Service Tax on the commission

Pathan Mushtaque

29 September 2009 at 16:00

audit

Is there any difference between statutory audit and tax audit ? who are liable for statutory audit ? is it compulsory(statutory audit) for every company(private as well as public)