Dear Sir
Kindly advise for entry in book of accounts. Proprietor has been death in Feb 21 His capital value Rs.3421000/- in shown in books. Rs.642000/-in March 21 adjusted with fixed assets and rest RS.2779000/- transferred to his A,B, & C, Under( HUF account) sons equally. in current year Son Mr.A is the proprietor of same form. But in books of account in which group i create the ledger of Sons Mr.A,B,C
Sir,
A doctor maintained a private nursing home some health services provided and different doctors working in hospital.
Example: fees collections from health services for different doctors rs:20 lacs after bill sanction amount nursing home bank account credited.
Question:
1.fees collections amount another doctors (consulting and treatment charges)payment through on cash mode allowed in it act.
2.food and pharmacy and travelling expenses amount of payment through on cash mode allowed in it act.
Sir,
A person has working a school private teacher earning salary Rs.9000/- and some tution fees and some FD interest but annual income is around 225000/- They are also preparing for the govt. Job if he can file income tex return or suppose he got chance for govt job can income tax filed return become an obstacle in the way.
Please suggest
Sir,
One of the professional income it assessee fees collections from patients rs:20 lacs
Fees collections from health services rs:4 lacs in f.y.20-21.if health services income amount next year 21-22 received.assessee accounting records maintained cash basic
Question:
Assessee Gross income rs:20 lacs or rs:24 lacs show in it returns in f.y.20-21.
Dear Sir,
A person has working from 2006 His annual income is less then Basic limit so previous years he was not never filed itr but saving rs.100000/-each year. In 2018 he also got gratuity and epfo from his previous company. Same amount I have concert to FDR in 2 bank and some balance available in saving account. In FY year annual income increase due to fd interest and some rent income approximately Rs.4 lac 10 thousand. he had seen 26 As form where only shows fd interest no any other but AIS Shows high value transaction under SFT Code SFT-016TD interest of deposit Rs.33321/- and SFT-016SB Interest of saving 14521And 245/- past 10 years he neverr done any high value transaction so why it shown in ais under SFT. (2) FD value is less then 7 Lac bank will reporting if fd value exceeded Ra. 10L .Cash deposit in saving account from 1 st april 2020 to 31 March Rs.19000 in June 2020 Rs.32000 in November 2020 and 3500/- in March 2021 So why AiS Show high value transaction under SFT
LLP is having Loss which is debited to Partners Current Accounts
Partners have also given loan to LLP
My question is in Balance sheet of LLP Loan from Partners should be shown under Unsecured Loans or to be shown in Partners Current Accounts ?
mujhe yah janna hai ki, XYZ co ne dividend issues kiya 100 Rs. ka to iski entry kaise aayegi and ispar TDS deduct kiya 10% to tds ki entry kya aayegi. and iska effect itr mai kause section mai show hoga salaried person ke. and iske liye kaunsa FORM hoga as a employer and investor?
please reply.
Dear Sir
I am working from 2006 My annual income is less then Basic limit so previous year I am never filed itr but saving rs.100000/-each year. In 2018 I got gratuity and epfo from my previous company. Same amount I have concert to FDR in 2 bank and some balance available in saving account. In FY year annual income increase due to fd interest and some rent income approximately Rs.4 lac 10 thousand. I have seen 26 As form where only shows fd interest no any other but AIS Shows high value transaction under SFT Code SFT-016TD interest of deposit Rs.33321/- and SFT-016SB Interest of saving 14521And 245/- past 15 years I never done any high value transaction so why it shown in my ais under SFT. (2) FD value is less then 7 Lac bank will reporting if fd value exceeded Ra. 10L please suggest SFT value can face any notice or problem.
Sir,
Please help to avoid confusion
(1)my friend confused to me please suggest if I file income tax return mention Saving account 2 0r 3 In itr you have to face problem be because your all data seen by it department. i have never file itr due to annual income is less the basic limit bur in this year annual income about 4 Lac I am saving since 2008
(2) I have never done any high value transaction not mention in same 26 As form but in AIS shown Under SFT code 016TD interest of deposit Rs.33025/-
So Sir, suggest what to I do
Sir,
fixed deposit Interest of Rs.32046/- reflect in AIS of Code 016TD interest of deposit RS.32046/- and Saving Interest Under SFT Code 016SB interest of Saving RS.240/- But no transaction found in form 26 AS These are highly value transaction ? its any serious matter can we face any issue please suggest
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Death of Proprietor Capital account