Hi its me Ahsan Mansoori,
A trader in goods, issue sales invoice along with freight amount included in the same, can the customer deduct TDS on purchase freight paid on such sales by trader,
If yes whether the payer of such freight should be a non individual(i.e)company or Firm.
and for which freight payment should be more than Rs.20,000
what will be suffecient proff for the rent received for the Agriculture Land which is used for Agriculture Purpose. (2) if a person sells his Agriculture produce to the consumers directly how can he prove that receipts are from sale of Agriculture produce.
Respected sir,
if X is a Individual he has two sons say A & B. X is owner of a house property . a bank has sanctioned a House loan on the aforsaid house for renovation purpose of Rs. 5 lacs in the joint name of Mr. X , A and B ., and issued a DD of Rs. 5 Lacs in Favour of Mr. A . now Mr. A withdrawl Rs. 5 Lacs in Cash and utilize the money for renovation of house. Now mr. A is paying EMI( Installment + Interest) through cheques to the bank for repayment of loan. now how the balance sheet of Mr. A and Mr. X will be Prepared to show the outstanding loan and capital addition in the value of the house property. please tell me also that if any of the above person can take the benefit of interest payment on loan for the rent received on the house property.
we deducted tds from party, but not deposited into bank. (deducted on 10-12-07).
party showing "Certifiate u/s 197(1) of the IT Act,1961 authorising non-deduction of Tax at source (on 12-12-07)
Now, we are paid the tds (deducted amount) to party or any thing?
please tell me the solutions immediately sir.
From 01.01.08, is it necessary to pay all taxes i.e. TDS, Advance Income Tax, Advance FBT ... etc through on-line by compay assessee? Kindly let me know about the notification number, date ... etc.
when the refundable deposit with the owner gets adjusted with the last month rent, tenant can not able to deduct tax at source
what is the treatment for the above
From which date it ts possible to take depreciation on imported motor car for income tax purpose?
A was in coma for 8 days.During these 8 days his neighbour spent for his operation,Medicines,Hospital Charges,Surgicals,ambulance,doctors' fees etc amounting to Rs. 200000/-.
After coming out of coma,A returned the amount to his neighbour in cash.Has A violated the Provisions of Section 269SS and 269T?
What is Deemed Dividend Concept u/s 2(22)(e) ?
The Balance Sheet of A shows a Loan from his mother of Rs. 25 lacs borrowed 15 years ago.Now the mother wants to gift this money to A. A wants to pass book entries for this transaction as follows:
Loan a/c Dr. 2500000
To Capital a/c 2500000
(Being loan from mother converted into Gift vide 'Gift Deed' Dated .....)
Is gift by book entries prohibited under any Act?
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Tax deducted at source by customer for freight paid