CASH RECD ON MARRIAGE OCCASION FROM FRIENDS & OTHERS
TO DEPOSIT IN ABNAK A/C
AMIT LIMIT TO DEPOSIT IN BANK A/C
TIME LIMIT TO DEOSIT AMT IN BANK
PRECAUTION TO TAKE
IF AMT EXCEEDS 50 LAC ????
ANY SUGGESTIONS ??????
Hi Good Morning,
I have following queries for A/Y 25-26:
1- *If a Partnership firm is solely engaged in commercial leasing of warehousing*- can this income be treated as business income and claim all related expenses like - R&M, Salaries, Interest, Admin Overheads and Depreciation.
2- *if answer is no*- and income need to treat as Income from House Property, can the firm claim deduction of Depreciation from total income.
3- What will be treatment of Capital subsidy from Govt against this warehouse's Capex ,
Govt will provide 25% cost as subsidy over a period of ten years - 2.5% per annum,
will this subsidy be treated as income or will be reduced from capex value and not taxable.
Will this subsidy be treated 2.5% per year over a period of 10 years or whole subsidy i.e 25% will be treated in first year?
Pls advise
K M Goyal
M No. 9899799000
In case of Revised TDS Return, whether there is any time limit to issue TDS Certificate. Secondly whether we have to generate TDS certificate of person which was added/amended newly or all person TDS certificates needs to be generated.
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I had purchased a flat in aug 2023 against sale of shares and claimed sec 54 f exemption. Now I purchased another flat in nov. 2024 due to which the earlier 54 f exemption claimed in fy 23- 24 will be revoked and added to this year ie fy 24-25 income.
My query is - how much tax I will have to pay on this revoked 54 f capital gains .
Since I am a senior citizen with no income from profession or business, am I right in presuming that there will be no advance tax
Regards
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