Dear Sir,
There is a firm providing services like Software development, website development, etc. In A.Y 2017-18, there is a loss of 141,000. Remuneration paid to partners is 230,000. No interest on capital is paid as the firm is dissolved with effect from 01.04.2017.
There are few expenses debited to P/L which will be disallowed as per Income Tax. The amount disallowed is 40,000.
Now my question is: Whether audit will be applicable for A.Y 2017-18 ? Will partners remuneration up to the limit of 150,000 be allowed ? As per amendment for A.Y 2017-18, partners remuneration is to be excluded just for the calculation of 8% of profit ? Will tax audit be applicable in the above case ?

We are manufacturer of Gram flour, Peas Flour & Rice flour (Tax exempted goods). We are currently supplying within state limit and we don''t do interstate business. Most of our buyers are small shopkeepers or sweet stalls who don''t posses TIN nos. In this case,can i raise a cash bill in name of buyer for the goods purchased without mentioning his TIN no.Kindly advise.

One of my client has received compensation of Rs 30 lakh in compulsory acquirent of agriculture land and tds deducted Rs. 3 lakh u/s 194LA. Is thers any tax liabilty. If not then where we have to show it in Income Tax Return and how to claim refund.

sir/madam,
can you please tell me the subjects of ca final in which no or only some amendments are releases by icai,.

so that i can start preparing those subjects from now onwords as my attem=pt for ca final is in nov 2019.

what is the alternative if assessee not have Adhar. he is senior citizen he can't go there and enroll.

Hi,
Example
I am a HUF. Can I take a gift from HUF Member(Like me (Indivuals) , Wife, Son(23 yrs.), Dughters(21 Yrs.))
D M KABRA (HUF)

Me-D M Kabra (indivuals)
wife
son
duaghter

Can anyone tell me clearly about Section 40A(3) that what about limit of transporter's payment which was earlier upto rs 35000 but as the limit to other cash payments reduced to rs 10000 ,is there any clarification or change about transporter's payment limit

I have a client, they have general stores, so goods are purchased at different VAT rates on the basis of MRP, so kindly tell me how should we optfor registration. They were not registered for VAT. So guide me whole procedure.

In construction of power/other project liquidated damage is recovered from many Vendor and same is lying separately in other GL. Now at the time of capitalisation of asset whether this LD should be taken as Income and credit to be apportioned to all the assets. or asset value of each respective contract should be reduced by that value of LD( it is not feasible in most of cases)

Tds on salary have debit balance i want to writte off
& what is the group