Dear Experts,

1 A company purchases a car for buisness purposes, which sale value is more than Rs 36.00 L.
2 This sale consideration consists of Ex Show Room Price, Road Tax,Insurance, handling charges etc.
3 Dealer collects 1% TCS from EX-showroom price.
4 Query is:
Whether the dealer needs to collect the TCS at 1 % on Ex-sowroom price or inclusive of all the charges as mentioned above

HI
How the income received from trading of shares is calculated and taxed for income tax.in both cases short term as well as long term capital gain. What is the tax rate applicable in both cases

I have filed ITR-5 With "Pay later" option. ITR of partnership firm which have liability around 4K.
what to do in that case. i have to file revise return or wait? or I have to make payment of it ? what should i do ?

DEAR SIR,

ONE MY CLIENT, PURCHASED AGRICULTURAL LAND AND DEVELOPED LAYOUT, AT LEAST MORE THAN 138 SITES WILL BE DEVELOPED FOR SALE. NOW MY DOUBT HOW TO CALCULATE HIS CAPITAL GAIN ON HIS SALE OF SITES. BECAUSE SITE WILL BE SOLD AS ONE BY ONE ALL SITES WILL NOT BE SOLD IN A YEAR. WHAT ARE THE EXPENDITURE TO BE DEDUCTED. HE DID NOT HAVE GST REGISTRATION.

IF IT IS NECCESSARY TO BE TAKEN GST REGISTRATION AS A DEVELOPER TO AVOID LARGE CAPITAL GAIN TAX BY COLLECTING GST FROM BUYER OR TO BE PAYABLE CAPITAL GAIN ON HIS SALE OF SITES. PLEASE YOUR VALUABLE SUGGESTIONS VERY MUCH NEEDED.

REGARDS

A non resident sold his mutual fund. But the mutual fund companies have not deduct his tds which is liable to be deducted u/s 195. Now he wants remit that money abroad from his NRO account to foreign bank. Since the tds is not deducted ; he paid all the tax liability on capital gain by way of advance tax. Now the bank wants 15CB certificate. In certificate; tds rate & tds amount is required to be mention. There is no point in 15CB to fill advance tax details. In such case how a 15CB is required to be issue? Surcharge is not applicable to him but as per sec. 195 surcharge is also required to be deduct. Surcharge is not included in advance tax. Please reply.
Thanks in advance.

Sir,
Assessess maintained a private hospital pan registered in aop status .
Question:
Any format for aop aggreement by laws for bank new current account apply purpose.

Hello

is it compulsory to submit Balance sheet & profit and loss account as per scheduled- 3(vertical format) for 3CB-3CD Audit report for the FY 2022-23(A.Y 2023-24) in case of non corporate assesses if yes then can any one tell me the circulation and notification number.

Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a).
firm newly incorporated in FY 2022-23 and filing first time income tax return
QUESTION

1). IF FIRM WANT TO FILE NORMAL RETURN OF INCOME WITHOUT AUDIT THAN MAINTENANCE OF BOOKS OF ACCOUNT IS COMPULSORY??

2). AT THE TIME OF FILING RETURN UTILITY SHOWING ERROR THAT YOU HAVE NOT MAINTAINED BOOKS OF ACCOUNT

Dear Sir,
Our society is registered under Sec 12A and Sec 80G we have invested amount in FDR with banks as investment of funds under sec 11(5) to be used for future dates. My query is the interest received on it is accmulated in FDR account but we are showing it in income of society in income and expenditure account and Debiting Concerned FDR account. are we doing it correcty or we should show interest received on liability side to be accounted as income when fdr matured or fdr encashed

Partnership Firm having loss (business loss and absorbed depreciation) firm want to carry forward loss and don't want to distribute to partner as partner's capital was not sufficient to set off business loss and absorbed depreciation. firm want to set off that business loss and absorbed depreciation against next year profit.
1). it is possible for firm to show that business loss and absorbed depreciation in balance sheet as accumulated loss and firm will set off that loss against profit of next year?
2). Firm can pay interest on capital to partner in case of loss in business?
We are covered under audit for AY 23-24