IF the turnover of assessee is below Rs 50 lacs but profit
declared is less than 5% of turnover . IS he subject to tax
audit?
Answer Posted / rajbeer singh
yes
| Is This Answer Correct ? | 2 Yes | 6 No |
Post New Answer View All Answers
agar hum koi sale return 3 month ke andar hi receive krte hai or part uski cst purchase ka bill deti hai or humse c form mangti hai to kya hum use LS-10 me tax benefit ke liye and LP-3 me c form issue krne ke liye kyoki central purchase ka haryana vat me benefit nhi milta kya dono form LP-3 and LS-10 me hum us return ko show kar skte hai
Should we give C form with Freight, Insurance, P&F after CST?
interest paid to bank rs. 15000 in connection with overdraft obtained for paying dividend.
The Depreciation Rate for Heavy Equipments like cranes (used in the construction of bridges, flyovers etc ... ) is 30% as per the companies act. If i buy a crane for Rs. 10 Lakh and claim depreciation the cost of the crane in the 2nd year is 7 Lakh and in the 3rd year it is 4.9 Lakh and in the 4th year it is 3.4 Lakh ...... Can i re-value the crane in the 5th year to the 2nd hand market price of Rs. 20 Lakh and claim depreciation on it @ 30% ? (Cost of crane in 6th Year now is 20 Lakh - 6 Lakh = 14 Lakh )
WHEN I AM DOING 1ST TIME VAT RETURN E-FILLING, WHAT IS PROCESS FOLLOW HOW GET E-RETURN FILLING PERMISSION HOW APPLY FOR GET THE USER I.D & PASSWORD FOR E-RETURN FILLING IF ELSE, PLEASE GIVE ME THE RIGHT ANSWER ON MY E-MAIL ADDRESS ON sonidilip87@yahoo.com
If any new form open than we are able to deduct TDS on first year
we have some central purchase bill against c form i want c form against this bill what requirment for form because we have not recived any c form from the cst office please advice me what i do . thanks
is WCT applicable one time? and what will be rate of WCT in UP State?
anybody pls tell me about the service tax
HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
What is meant by asset clearance . how should i make my entries in tally
I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
Define the term "Manufacturer"as introduced in finance act2010.