Tax audit
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 April 2012
in case of jewellery bus and bus of lending of loans agnst jwellery , for calculating the tax audit limit whether both will be considered or only jewellery bus and net interest earned on lending will be considered?
04 April 2012
YOU CAN OPT FOR SECTION 44AD IN RESPECT OF JEWELLERY BUSINESS, IF JEWELLERY BUSINESS RECEIPTS ARE LESS THAN 60LAKHS IN THE F.Y 2011-12.
THAN FOR LENDING OF LOANS AGNST JEWELLERY CAN BE CONSIDERED SEPARATELY.
THAN FOR LENDING OF LOANS AGNST JEWELLERY CAN BE CONSIDERED SEPARATELY.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 April 2012
A is having a business of mnf jewellery and also lending agnst jewellery. In that cse for calculating the tax audit limit of turnover whether net interest earned will be considered or gross amt gvn will be taken as turnover . what will be the effect in case if the main business includes gvn loans & advances agnst jewellery.....??????????????
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
