Manoj Punjabi (Accountant) (271 Points)
16 September 2022Please guide, how much I have to pay for Audit.
Salary income approx 6 lacs
Prof fees income 38000 (Tds 3800)
Net taxable income after deductions below 5 lacs. No tax. TDS refund.
Loss approx 3 lacs in options trading, compulsory audit due to this point.
B/f loss 2 lac approx, current loss 3 lacs approx to be c/f. All options trading losses.
Can't afford more fees, guide me how much minimun I have pay for audit IT returns.
Regards
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 September 2022
Manoj Punjabi
(Accountant)
(271 Points)
Replied 16 September 2022
But then without audit return filing date was 31.7.22, I assumed it will be under audit so last date will be 30.9.22.
Now if I file without audit, can I go for presumptive taxation in late returns.
Secondly, last year it was audited & losses were carried forward.
So I am looking for ca to audit & c/f current losses too. Part can be setoff against prof fees income.
Looking for someone with low fees. As this is not big business, just small salaried individual case.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 16 September 2022
Manoj Punjabi
(Accountant)
(271 Points)
Replied 16 September 2022
Last year paid Rs.3000 for audit return filing, plus Rs.2000 for digital signature.
Total paid Rs.5000.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 17 September 2022
Manoj Punjabi
(Accountant)
(271 Points)
Replied 18 September 2022
Thank you Eswar Reddy ji for this offer.
I will get back, old CA may do for this amount, I was looking for lesser, I will try to negotiate with same CA once again.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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