Dear Experts,
Income tax law has added the entities in the definition of reportable persons u/s 285BA read with 114E which are liable for audit u/s 44AB. My humble queries are -
1. Whether the person is required to file a NIL report in form 61A, means is it compulsory to file?
2. If a firm has a turnover of less than 1 crore but to avoid presumptive taxation u/s 44AD, it conducts audit. Will this firm fall in the category so as to file form 61A.
Please answer promptly as the deadline is 31st May 2017.
Thanks for your time.
Dear Experts, As per sec 9 sub sec 3. the government will be specify in which goods we have to pay reverse charge . but I want to know that which are those goods has been specifyed by govt for reverse charges.
Whether we need to file Filing preliminary response and form 61A in following cases
1. Company called XYZ Ltd for which Tax audit is not applicable but has received Cash sale of Rs.2 lacs or more per transaction?
2. Company called XYZ Ltd for which Tax audit is not applicable and does not received Cash sale of Rs.2 lacs or more per transaction
What is the due date for filling Annual Return
What are the impact of gifting own proprietor business to my son in the income tax and VAT. and then want to take GST registration in the name of my son.
Hello sir/madam, Mr.X a resident of India, placed by an USA company, he get his salary in US dollar in Indian account. Suppose he is earning 15L from this co. How the income tax should be calculated ? Is there any other option to save tax ? thank you.
if i got profit in short term capital gain of Rs. 40000/- for Fy 2016-17 , so what tax amount on profit and who will liable to pay tax , brokerage CO. or individual , what is last date of tax deposit or any penalty
what will be the date of booking share capital in books of account? the date of incorporation or allotment of shares will be filed after incorporation for shares subscribed by first directors and members?
thanks in advance
A is a registered service provider under existing Service tax. His gross earning is between 10- 20 lakhs and he does not expect it to go to 20 lakhs with in next 2 years. Hence he does not want to migrate to GST. and he is not taking any steps for provisional registration in GST.
Please advise whether he will be automatically migrated to GST (or compulsorily he has to apply for provisional registration?) and he will be required to apply for cancellation by submitting form 28 of GST REG? Or he is not required to take any action from his side until his gross earnings reach 20 lakhs?
Sir,
One of my colleague had income from two ways one is from salary and another is professional income (194J) for the f.y.2016-17 and a.y.2017-18 , he had from16&form16A, he is working in seocond company monthly 4-8 visits only , they treating as professional and tds booked under 194J.now which itr he can choose for returns filing for the A.Y..2017-18 (f.y.2016-17), itr-3 or itr-4, he did not have any assets and liabilities kindly suggest, thank you.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Form 61a