Salary and interest to partners is allowable under section 40(b) even in respect of addition of undisclosed profit !
Tax Audit done Under Section 44AD, 44ADA and 44AE shall not be taken into account for Counting the Maximum Number of Tax Audit.
Consequences of failure to deduct tax at source by purchaser of immovable property above Rs. 50 Lacs:
Partners is required to get the books of accounts audited if interest & remuneration exceeds the specified limit !!
In the case of an assessee whose income is not chargeable to income-tax by reason of a specific exemption contained in the law or otherwise, whether he is required to get his accounts audited and to furnish such report under section 44AB?
Where payments were made by Indian company on account of commission for procuring sales orders to non-resident from parties outside India, tax was not required to be deducted at source under section 195
Amount received by tenant of building towards alternate accomodation during redevelopment is a “Supply” liable for GST
