Thanks for the information bro actually i asked for acca course details in the last video but u considered our request your video is very informative bro☺️
Based on your situation: Professional Income: ₹40 lakhs in AY 2024-25. Declared Income: 20% of ₹40 lakhs = ₹8 lakhs. Applicability of Tax Audit 1. Section 44ADA (Presumptive Taxation): Under Section 44ADA, professionals can opt for presumptive taxation by declaring at least 50% of their gross receipts as income. Since you're declaring only 20% (₹8 lakhs), Section 44ADA is not applicable in your case. 2. Section 44AB (Tax Audit): A tax audit under Section 44AB is mandatory for professionals if: Gross receipts exceed ₹50 lakhs in a financial year. Income declared is less than 50% of gross receipts and the total income exceeds the basic exemption limit. In your scenario: Gross receipts are ₹40 lakhs (below ₹50 lakhs). Declared income is ₹8 lakhs (20% of gross receipts). The basic exemption limit is ₹2.5 lakhs for individuals below 60 years. Since your gross receipts are below ₹50 lakhs, the first condition for mandatory tax audit under Section 44AB is not met. 3. Section 44AA (Maintenance of Books of Accounts): Professionals with gross receipts exceeding ₹2.5 lakhs are required to maintain books of accounts under Section 44AA. You've indicated that you've prepared Form 44AA, complying with this requirement. Conclusion Given that your gross receipts are ₹40 lakhs (below the ₹50 lakh threshold) and you've declared 20% income (₹8 lakhs), you are NOT required to undergo a tax audit under Section 44AB for AY 2024-25. However, maintaining proper books of accounts as per Section 44AA is mandatory. Pls explain its correct or not
Hi sir I am Ajay Raj P S student of Bcom PA ACCA in kumaraguru college of liberal arts and science, coimbatore. I am willing to do MS or MBA in any of the European country. So will my ACCA itself will be a better resume for admission and work? Or should I still do more certification to get in.
I don't think so. Check exemption Calculator. Master's in accounting and finance from a recognised college la Panna more exemption kedaikum. Not for ME
Bro if one got AIR 1-3 after 6 attempts in final, Will his package differ from What usually offered to rankers with first attempt? Or rank supersede attempts ?
26:08 Bro thanks the video was very informative. I have doubts in claiming exemption. Icai will send certificate only if I am successful in that attempt. And if I pass in one subject (i.e scored 40) & didn't get aggregate marks....i will be declared as unsuccessful & I suppose I won't be getting any certificate from icai. So how will I be able to claim exemption for that subject?
Can u tell me which is better? 1.Doing professional course while doing college degree. 2.doing professional course after finishing degree. Give some tips to balance the college preparation n professional course preparation like give us a timetable pls bro
@@exploreshk24First India na CMA try pannunga bro abroad na ACCA, CPA, CFA la ethu ungaluku comfortable oh atha try pannunga bro... But be careful, normal semester exams mari ithu kedaiyathu👍🏻
Thanks for the information bro actually i asked for acca course details in the last video but u considered our request your video is very informative bro☺️
Thanks for the suggestion😉
Better explanation bro ❤
Please put video regarding CPA.
Bro, kindly explain about the CFA in detail. Is CFA mandatory for financial analyst job roles.
Noted☺️
@ca_kiruba_karan TQ broo!
Very useful video
Super anna❤❤
Thankyou 🎉
What are the 4 papers exempted if we are having a bachelor's degree . In applied knowledge there are only 3 papers whats the 4th paper then??
Nice bro
Based on your situation:
Professional Income: ₹40 lakhs in AY 2024-25.
Declared Income: 20% of ₹40 lakhs = ₹8 lakhs.
Applicability of Tax Audit
1. Section 44ADA (Presumptive Taxation):
Under Section 44ADA, professionals can opt for presumptive taxation by declaring at least 50% of their gross receipts as income.
Since you're declaring only 20% (₹8 lakhs), Section 44ADA is not applicable in your case.
2. Section 44AB (Tax Audit):
A tax audit under Section 44AB is mandatory for professionals if:
Gross receipts exceed ₹50 lakhs in a financial year.
Income declared is less than 50% of gross receipts and the total income exceeds the basic exemption limit.
In your scenario:
Gross receipts are ₹40 lakhs (below ₹50 lakhs).
Declared income is ₹8 lakhs (20% of gross receipts).
The basic exemption limit is ₹2.5 lakhs for individuals below 60 years.
Since your gross receipts are below ₹50 lakhs, the first condition for mandatory tax audit under Section 44AB is not met.
3. Section 44AA (Maintenance of Books of Accounts):
Professionals with gross receipts exceeding ₹2.5 lakhs are required to maintain books of accounts under Section 44AA.
You've indicated that you've prepared Form 44AA, complying with this requirement.
Conclusion
Given that your gross receipts are ₹40 lakhs (below the ₹50 lakh threshold) and you've declared 20% income (₹8 lakhs), you are NOT required to undergo a tax audit under Section 44AB for AY 2024-25. However, maintaining proper books of accounts as per Section 44AA is mandatory.
Pls explain its correct or not
Bro india la 13 years experience Senior Accountant ACCA mudicha Abroad kku nalla salary package varum ma bro
Is membership number under CA mandatory to claim ACCA exemptions?
Because I'm working in accounts assistant, I have completed diploma mechanical engineering
Hi bro kindly explain MBA international finance ACCA UK Accredited
Hi sir I am Ajay Raj P S student of Bcom PA ACCA in kumaraguru college of liberal arts and science, coimbatore. I am willing to do MS or MBA in any of the European country. So will my ACCA itself will be a better resume for admission and work? Or should I still do more certification to get in.
Pls post course details of CIA
Bro explain about cfa in detail
Can you tell us the difference between cpa and acca. Please
Hi Bro, Master of Engineering (ME) Mudichavangalukum , Professional level 4 papers mattum complete panna pothuma bro?
I don't think so. Check exemption Calculator. Master's in accounting and finance from a recognised college la Panna more exemption kedaikum. Not for ME
Anna ca foundatin classes pathi oru seprate video pannunga na
Sure noted ☺️
Bro can multiple attempt CA have scope in abroad 👆🏻👆🏻???
Bro if one got AIR 1-3 after 6 attempts in final, Will his package differ from What usually offered to rankers with first attempt? Or rank supersede attempts ?
ACCA seyyelamnu irukken bothe. Audit training best aa illa non audit training best aa pls tell
Sir CMA USA explain pannunga
26:08 Bro thanks the video was very informative. I have doubts in claiming exemption. Icai will send certificate only if I am successful in that attempt. And if I pass in one subject (i.e scored 40) & didn't get aggregate marks....i will be declared as unsuccessful & I suppose I won't be getting any certificate from icai. So how will I be able to claim exemption for that subject?
You just need to share the marksheet that's all☺️
How to be consistent and focused to do these courses. Give some tips for very lazy and procrastinating student
😂😂ha ha ha.. I think uninstall your social media apps and disconnect your mobile internet. I think that will help.
CMA pathi venu 😊
CMA details....bro
Can u tell me which is better?
1.Doing professional course while doing college degree.
2.doing professional course after finishing degree.
Give some tips to balance the college preparation n professional course preparation like give us a timetable pls bro
While doing the college. All the best 🔥
Bro yaruvena ca padikalama bro sollunga nan science group engineering padika poren future la oru try pannlamnu eruken bro .....😊
Yes u can.. but u need patience and mental stability for passing.. Ulla vandhutu again veliya pogakudathu
@rmkjerry910 ca maatiri course edhachi erundha solunga ennaku
@@exploreshk24First India na CMA try pannunga bro abroad na ACCA, CPA, CFA la ethu ungaluku comfortable oh atha try pannunga bro...
But be careful, normal semester exams mari ithu kedaiyathu👍🏻
@@rmkjerry910 🙏
Yes pannalam, all the best 🔥
Foundation diploma edha oru video make pandugnka broo
Bro us cma course details podunga
Bro pls suggest where I get ca foundation books
Icai-cds website la bro
Bro ,ca inter muduchutu articleship pora apo accca panna mudiyuma or will it be hectic?
Yess pannalam, it will actually help your preparation for final. All the best 🔥
Anna neega enga ca panniga
Cima
Bro CFA?
Noted
How to get ACCA books ? Can you suggest online classes??
Order online. Depends on the faculty, if you like their way of teaching, then yes.
Cima details.? Pls
Noted 😊
Nandri
I'm working Abroad right now