what is the Difference between escalation clause and cost plus contract

hi friends.. Please tell me how to prepare for Audit&ITSM for MAY 2017 exams. This is my 8 th attempt...I don't know where I am lacking in preparation.. every attempt I failed just by 10 marks around. Please provide me Subjects wise& topic wise guidance and also tell me how can I effectively utilize these 50 days time.

What are the documents accepted as attachment to MGT-4 and MGT-5 as Instrument/ document under which the beneficial interest is created/ transferred/ changed

Dear Friends,
As per model GST Law, What should be tax rate for Packing , insurance , freight charges in invoice, in case invoice contains multiple materials with different tax rate as per applicable HSN codes.

What are stand by assets which are allowed dep even thought not put two use as per CIT V/S SOUTHERN PETROCHEMICALS IND LTD (MADRAS)

private limited company can compulsory for appointment a company secretary if paid up share capital is more than 8 cr

Hai,

I heard that one of my ex-client had filed income tax return normally without tax audit. However his turnover is Rs.98 lakhs and showed profit in his profit & loss account as Rs.2,40,000/- which is within the basic exemption in the A.Y.2015-16. Here he filed his return by showing his profit as just 2.45% by dissatisfying the Sec.44 AD (profit less than 8%). So he has to audit his books accounts as per Sec. 44AB but he can't. I confused by seeing that his return was processed by the assessing officer and he received intimation letter for processing the return. Is the A.O correct in processing the return so?

Please assist me in this regard.

Whether passing of contra entry is mandatory in case of transfer of money from one bank account to another bank account or we can pass a payment voucher in place of passing contra entry?

Definition of PROFESSION is an inclusive one U/s 2(36). A makeup artist & Beautician wants to file his income tax returns under the scheme of presumptive tax under section 44AD.

Query : Whether Section 44 AD will apply or Section 44 ADA ? for an Makeup artist & beautician

The income tax return for the financial year 2015-16 (relevant assessment year 2016-17) can be filed up to 31st march 2018. Is there any penalty provision is applicable, if return is not filed before 31st march 2017.