Answer / deepak jain

verfication books of accounts

if traders annual tournover above 40 lac than tax audit is
compalsury & in case of profession limit is 10 lac

verfiy of your accouts book like sales book, purchase
register, journal , cash book , bank book , stock legder

are books compalsury

Answer / ca. pawan kumar garg

Tax audit is a rquiremnent under income tax act if the
gross receipts excess the specified limit.

In case of professional, gross recepts excess rs. 10 lacs
In case of others, gross receipts exceeds rs. 40Lacs

What is the safety of margin?

4 Answers   Lloyd,

---

Expand F A Qs

2 Answers  

---

what did you mean by cash credit limit account ?

0 Answers   Aditya Birla, Genpact,

---

Choose the right answer Maximum allowable interest on housing loan on self occupied property is 1.30000/- 2.100000/- 3.150000/-

5 Answers   Syntel,

---

what is GDP? how is it calculated

6 Answers   FactSet Systems,

---

---

In a private limited company,if owner/shareholder withdraws different amounts from company account, then where should be that amount be accounted for/in which head of account that amount should be placed????

1 Answers  

---

what do u mean by arrear basic or arrear hra?

0 Answers  

---

Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.

4 Answers  

---

What are direct and indirect expenses

22 Answers   TATA,

---

Golden rules of accounting

369 Answers   Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS,

---

Short Answer on __________Indirect Taxes

2 Answers  

---

HOw to exceed the funding budget amount limit in actual ledger?

1 Answers  

---