Greetings everyone,

My Query is My friend is doing Telecom Agency Business. He pays money to the Telecom company and gets talk time including the commission. He e-recharges the talk time to the customers. During the Last previous year he has made revenue of around 44 lakhs commission. His total deposits to the company and e-recharges amounts to around 25 crores.
My Question is under what section he has to file.
1. whether he comes under Tax Audit as his total total recharges exceed tax audit limit or comes under normal case as his commission is less than 2 crores.
2. Whether Commission business comes under business or profession?
3. If profession he comes under tax audit as his profit is less than 50% of the turnover?

We are trader and in previous regime not-registered in central excise and we have not duty paying documents. Should we file Tran-2 or first we have to file Tran-1 then we can file Tran-2. If, we have to file Tran-1, which head we have to fill. please advise. Rakesh Sharma

hii guys I am 23 I have given more 8 attempts of ipcc and don't want to contuine with my CA as I have got very good job of offer from middle east with huge pay right nw I have completed my one year 6 months articleship as I converted my self in to direct entry and I want to stop by articleship how can I stop my serving period please help me as soon as possible

Is it necssary to complete articlseship to obtain B.Com degree from IGNOU. Plz Reply regarding latest update concern

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