Dear aja,
most of the CA'nothing know about trading and its taxation ...I contacted many known CA's they dont know knowledge abot taxation for trading ...when I told them please refer they dont agree for it
so better to use CA who have good command in taxation for trading....why you not go with Nikhilji for help ?
It is a simple thing. the definition of total Income is defined as income before providing for deductions under 80C.
Your CA may give a different opinion. But that doesn't mean it is correct.
Once your income before providing for 80C deductions is in excess of the basic exemption limit and your profit % is less than 8% of the turnover, audit is applicable..
It is a simple thing. the definition of total Income is defined as income before providing for deductions under 80C.
Your CA may give a different opinion. But that doesn't mean it is correct.
Once your income before providing for 80C deductions is in excess of the basic exemption limit and your profit % is less than 8% of the turnover, audit is applicable..
It is a simple thing. the definition of total Income is defined as income before providing for deductions under 80C.
Your CA may give a different opinion. But that doesn't mean it is correct.
Once your income before providing for 80C deductions is in excess of the basic exemption limit and your profit % is less than 8% of the turnover, audit is applicable..
Ignoring the context but going by legal definition, my (CA in private sector) take is that Income before deductions u/s 80 is Gross Total Income.
Total Income is Gross Total Income less deductions u/s 80.
Hi Folks, does anyone have reference for a Bangalore based chartered accountant for audit and filing of trading p&l. Appreciate any pointers.
Thanks,
Pankaj
Hi Folks, does anyone have reference for a Bangalore based chartered accountant for audit and filing of trading p&l. Appreciate any pointers.
Thanks,
Pankaj