M
Mahendra Gottimukkala
I am looking for din KYC update
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R
Rashid
Hi,
What is the procedure for removal of director in LLP firm and What is the timeline for removal and adding a new director of LLP firm ?
N
Nikhil Agarwal
B
Bhavesh Gajera
Hi,
I done my Income Tax Audit For Assessment Year 2017-18. Now Can I File My IT Return for Assessment Year 2018-19 U/s 44AD (ITR-4 SUGAM)? or mandatory to do audit?
Following is Amendment in Finance Act, 2016
Following sub-sections (4) and (5) shall be substituted for the existing sub-sections (4) and (5) of section 44AD by the Finance Act, 2016, w.e.f. 1-4-2017 :
(4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).
(5) Notwithstanding anything contained in the foregoing provisions of this section, an eligible assessee to whom the provisions of sub-section (4) are applicable and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.
F
Fayez
I want to close my pvt ltd co started 8 years ago
