sir,
I am a businessman and have sales of rs. 50 lakh during a.y. 2011-12 and net profit is rs. 90000. I have no other income during that year. whether I am required tax audit or it is not required as total income is below taxable limit.if possible, give any reference also of the act, rules etc.

Dear Sir,
We have lost username & Password of VAT Karnataka. what is the way forward.

If a assessee have negative interest on capital whether it shall be reduced from remuneration on not in income tax return

I have received show cause notice from the department for A.Y 2011-12 requiring me to be present on 13 December 2018.But I received the said notice on 18 December. Now I don't know what should I do. Please Advice me.

Hello Expert,

Kindly guide me on applicability of GST on purchase of TDR and if GST is applicable on it what is the rate of GST?
Waiting for your reply.

If a person omitted to report a B2B invoice dated 01-Feb-2018 in his GSTR-1 and now in Dec-2018 the same has been found and he wants to correct this. How can he do the same?

In other words is it possible to report an B2B invoice with original date 01.02.2018 in GSTR-1 for the month of Dec-2018?

Your suggestions will be highly Appreciated.

Kind Regards,
Vikas Kumar
9899493327

Dear sir,

I have filled a return of Income without payment of income tax liability, subsequently in the next month Income tax is paid along with the interest. During the this period no order is received from the Income tax department and also figures (total income) also not changed.

Whether we need to file the revised return once again in the next month after making payment along with the payment details or not required.

Please help me out form this situation. thanks in Advance

Dear Sir,

i am working in educational institute

my question in which expenses comes under infrastructure augmentation

1) revenue which debit to profit and loss account ?
2) Capital expenditure which directly appear as capital addition or WIP?

Thanks

SIR, I REGISTERED IN GST AS A REGULAR ASSASEE. NOW, I WANT TO BE COMPOSITE ASSASEE. KINDLY INFORM ME THE STEPS TO CONVERT INTO COMPOSITION SECTION IN GST?

Hi All,

As per section 138 of Indian Companies Act 2013 read with Rule 13 Of Companies (Accounts) Rules, 2014, certain class of companies are required to appoint Internal Auditors first condition being turnover exceeding INR 200 crores during preceding financial year.

It's not very clear whether this section will still be applicable if the turnover falls below cut off .Please advice.

Example - 2017- 18 : turnover = INR 250 crores , so the company is mandatorily required to appoint internal auditor on its payroll before 30th september 2018.

Now , in 2019-20 : turnover = INR 100 crores( assuming) , will the company still be required to employ internal auditor on its payroll ? Or every year the appoint is subject to the the realised turnover ?

Thanks