jayesh khokhariya

Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a) as firm is newly incorporated in FY 2022-23 and filing first time income tax return as firm is declaring profit lower than 6%/8% as the case may be.

QUESTION 1).IS it compulsory to adopt 44AD as firm declaring profit lower than 6% and carried out audit under section 44AB.

2).maintenance of books of account is compulsory if firm want to file normal return without considering 44AD



CA. Sebastian Thomas

In case of a slump sale of a business unit of X limited(seller) to Y limited(buyer), what should be the block value of the assets taken over by Y limited for the purpose of computing depreciation under Income tax act?
(Let us assume for Sch III balance sheet purpose assets and liabilities are taken over at book value of X limited(seller)ie; at book value as per Sch III of X Ltd)


shubham jain
19 September 2023 at 22:39

Bank audit eligibility 2024

I am doing practice in sole proprietorship from last 8 years,I am doing branch audit of a public sector Bank from last 2 Years,after new norms issued by RBI,what should I do for eligibility


meenakshi somasundaram
19 September 2023 at 21:56

Demat last date 30/9/2023

Is dematerializing physical form of shares possible after 30/Sep. 2023.
A company of which I am a shareholder. holds physical form of shares.
The company has been dissolved. I am trying to reinstate the company after coming to know of a left-out asset as a major shareholder.
Informed the Official liquidator, He has acknowledged the appeal.
I am moving in the High court.
The last date for dematerializing is 30.9.2023.
Do I stand a chance of retrieving the shares of ICICI which is the asset of the dissolved company?


Ramaswamy Thiyagarajan

SIRS,
A FRIEND OF ME RESIGNED FROM A COMPANY IN 2015. HE HAD NOT JOINED WITH ANY OTHER EMPLOYER. DOING SMALL BUSINESS. HE COULD NOT OPEN EPF ONLINE PORTAL AS HIS AADHHAR WAS NOT SEEDED. IN THE COMPOSITE CLAIM FORM_NON-AADHAAR THE SIGNATURE OF EMPLOYER IS ASKED FOR. NOW HE WANTS TO CLOSE THE EPF ACCOUNT. WHAT IS THE PROCEDURE TO CLOSE THE EPF ACCOUNT WITHOUT PRIOR RMPLOYERS' ATTESTATION? CAN HE UPDATE AADHAAR DETAILS DIRECTLY WIGTH EPFO?


Daya
19 September 2023 at 21:33

Accounting group of

Goods in transit
Cheque in Hand
FDR,s
Sweep In


ABHI KUMAR
19 September 2023 at 21:25

REGARDING TDS 194Q AND TCS 206 C 1 H

MY TURONVER BELOW 10 CR OR ALSO GROSS RECIPT BELOW 10 CR
BUT ONE PARTY I HAVE PURCHASE MORE THAN 50 LAC
OR ONE PARY IAM SALE GOODS MORE THAN 50 LAC

IAM LIABLE TO DEDUCT TDS OR TCS

THANKS IN ADVANCE


Daya
19 September 2023 at 21:15

Expenses allowed on cash payment basis

which type of expenses are allowed on cash payment basis.1


Daya
19 September 2023 at 21:03

Diffrence between FD'R and Sweep In

what are difference between
FDR's and Sweep In.
is TDS applicable on both interest received.


Daya
19 September 2023 at 20:59

Difference among Trade receivable, Debtors

what are differences
Trade receivable
Debtors






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