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Jagmohan
My CA ( another state) called multiple times and i failed to respond due to my health condition :( after that my phone got stolen and i lost his phn no. Its been 5yrs i have been running my company without compliances but still active....what to do am going blank ?
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We suggest to do the compliances now as the late fees and penalties increase on daily basis. Already its been too late which would cause you paying hefty penalty, so you have to get the compliances done asap. Kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com.
CA Amit Kumar 19 May 2025Hey, no worries — I completely understand. Health always comes first, and losing your phone must have made things even more difficult.
Now that you’ve reached out, don’t stress too much about the pending compliances. Even though it’s been five years, we can still work things out. Just share your company’s name and CIN (if available), and I’ll check the status and guide you step by step — ROC filings, tax returns, or anything else needed.
The good thing is the company is still active, so we have something to build on. Let’s take it one step at a time and get things back on track.
Feel free to call or message me whenever you’re ready: 7042776297.
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Sarang Bhutada
I am looking for a project P&L calculation for purchase and lease-out arrangement for a commercial property.
Hi, We will prepare it for you. Kindly connect with us at +91-9911744028 or deepakkucheria@gmail.com
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Vinod
I am a freelancer and currently file my taxes using ITR-4 under the presumptive taxation scheme (Section 44ADA). I maintain basic records such as income, expenses, and invoices, and my income has so far remained below the ₹50 lakh threshold.
I have a query regarding tax audit under Section 44AB:
If my income exceeds ₹50 lakh in the next financial year(25-26), making a tax audit mandatory under Section 44AB, will the audit be limited to this particular financial year only, or will the auditor also review records from previous financial years?
I would appreciate your guidance on this matter.
If your gross receipts surpass this threshold in FY 2025-26, the tax audit will pertain solely to that specific financial year. Auditors typically do not examine records from previous years unless necessary to verify opening balances or address specific discrepancies. Therefore, the audit will focus on the financial records of FY 2025-26 and not extend to prior years.
It's advisable to maintain accurate and comprehensive records annually to ensure compliance and facilitate any necessary audits.
I hope this clarifies your query
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Meena Subba
IS A GIRL MARRIED TO SIKKIMESE MAN EXEMPTED FROM IT?
No, a girl married to a Sikkimese man is not automatically exempted from Income Tax under the Income Tax Act, 1961.
Only those whose names appear in the 1961 register or their legitimate descendants (Sikkimese by birth) are exempt.
Women who marry Sikkimese men do not become Sikkimese subjects merely by marriage and hence do not get automatic tax exemption.
If the woman herself or her parents were Sikkimese subjects in 1961, she may be considered eligible.
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Sheikh
Hi,
I need to withdraw cash of around 50L for a property purchase and would like to know how to do it without getting into any trouble. I am considering splitting it into 25L per FY and withdrawing it from 3 different banks that I have an account in. Will this help avoid the reporting by banks since the amount withdrawn at each bank will be less than 10L in each FY?
Thanks
