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 / chetan
turnover crossing 40 lacs so it will attract tax audit
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?
What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-
how to calculate service tax on tds
how to file returne?
I have mentioned the buyer as in Kolkata and the consignee's in Jharkhand now the consignee has issued the C Form whether the C Forms is acceptable or not kindly help me
can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged
what is the procedure for Delhi WCT payment , we have a registered office at mumbai and we have a branch at delhi for that renovation we have deducted WCT ,we have ur VAT and CST no for delhi branch do we need have additional registration for this payment
If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deductor. After getting the gold, the person tranfer the gold to his daughter. After reading the provisions of the Income Tax Act, 1961, you are required to state that who is liable to pay the tax on the value of the gold? and is there any liability of the Deductor towards non-deduction of TDS?
WHAT IS MEANT BY CST? DO THE SUPPLIER CLAIM CST 2% FROM THE PURCHASER? WHAT ARE ALL THE RULES TO BE FOLLOW WHILE THE BUYER PURCHASE A 'C'FORM FROM THE CTO?
is a pvt ltd. comp. can give advance against salary to his director.
what are the slab rate for F Y 2010-11
What is excise & service tax? What is the difference?
we are a manufacturer unit can we purchases of building material agst form "C" or vat C4?
Explain deferred tax asset?