vaishali m shah
03 May 2017 at 15:42

Huf

can widow be karta of huf where there is major male member in the family after the death of her husband

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Ajay
03 May 2017 at 11:22

Section 40a(3)

SIr can we pay salary to our employee in cash exceeding rs 10000/- according to sec 40(A)

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Anonymous
03 May 2017 at 10:54

Section 40a(3)

please tell someone whether travel exps. reimbursed to staff more than 10000/- say 25000/- who gives his tour bills, fooding & lodging etc for 7 to 8 days, whether we may make full payment of 25000/- to him or there is restriction in such payment u/s 40A(3)??

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ahammed hussain
03 May 2017 at 05:57

Family income tax limit

When wife and husband having salary and other sources income above six lakhs per annum ,then exemption limit jointly Rs2.5 Lakhs or Rs 5lakks, The tax calculation will be as separate individuals or combined, please clarify.

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Anonymous

Hi,

I received say 40,000 INR as interest on my FD on the month 26/03/2017 March and 10,000 INR interest on Nov 2016. I fall under the 30% income tax slab. The bank had submitted the TDS to IT departement for the for 10,000 amount and yet to submit the TDS to IT for the 40,000 INR. They have deducted the TDS and it seems that they would file the TDS on April-June 2017.

Now do I need to show the 40,000 interest income in FY2016-17 return, or should I file it in th FY2017-18 return. In case I do file in FY2016-17 return my Form 26 AS doesn't match. However if I file it in FY 2017-18 return my FORM 26 AS will match( I am assuming that bank will pay the TDS on April 2017). Quite a weird situation. Can you give me proper advice what to do.

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Rakesh Sharma
01 May 2017 at 14:05

Section 44ad

Dear sir,

Our sales (1.65 Cr.) in F.Y. 2016-17 is totally cash less & 98% amount we have already received through Cheque, NEFT etc. except cash and remaining 2% will be shortly received through cheque.

My queries are :-

1) Are we eligible to file return u/s 44AD by declaring N.P. 6% to 6.5%?
2) Are we maintain any books except maintain record of 6% or 8% receipt against sales?
3) What types of records we have to maintain?
4) Is there any changes to receive intimation u/s 143(2).
5) We have to file return u/s 44AD in next five years.
6) Is there any changes for continuation of 6% cash less scheme?

Please advise & educate me.

Regards,

Rakesh Sharma

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Anonymous
29 April 2017 at 17:04

Section 80 c

Mr.X has paid Rs.11750.00 on education of her child studying in per nursery school as below:
Tution Fees :- 8000
Term Fees :- 1300
Library Fees :- 400
Examination Fees :-1050
Sports fees :- 500
Laboratory fees :- 500
TOTAL :- 11750
So, now how Much amount of deduction Mr.X can claim

Reply on urgent

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Gurwinder Singh
29 April 2017 at 10:31

Tds deduction from salary

dear all experts if a employee is getting basic salary 9600 per month , 115200 yearly
Da 6820 per month , 81840 yearly
Hra 6568 per month, 78816 yearly
incentives 5200 per month , 62400 yearly
total per month 28188 total yearly 338256
P.F deduction per month 1152 , yearly 13824
HE IS ALSO PAYING RENT 8000 P.M YEARLY 96000.00 & HAS ALSO SUBMIT RENT DEED.
MY Q. IS SHOULD WE DEDUCT TDS FROM SALARY ?



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sreejith
28 April 2017 at 12:06

tds

one cooperative society mainly deals with milk products uses contracted vechicles for procurement and delivery of milk to the plant. the payment made to such contract is come in the purview of TDS..?

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TARIQUE RIZVI
27 April 2017 at 20:33

Income tax slab for the ay 18-19

Dear Experts Please give me a chart of income tax slab for the Ay 18-19

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