What should be the amount paid/credited in case of tax deducted on salary of an employee in TDS return of 24Q, i.e. the amount after exemptions(net salary) or before exemptions u/s 10 (gross salary). If we take gross salary an employee can claim the exemptions while filling his income tax return, can't he? and vice versa?. Please help. Waiting in anticipation for your reply.
Answer nowIf a self constructed house is sold then what will be the cost of Acquisition, if land was purchased seperately in a different year and construction completed in different year?
Answer nowReceived below message, can someone help me understand this and next course of action.
Total TDS by Employer of PAN XXXXXXXXX for Qtr ending Mar 31 is Rs 82,037 and cumulative TDS for FY 16-17 is Rs 2,03,786. View 26AS for details
I'm service man. i have take a personal loan of 5 lakh Rs and now I want to give this money to my mom for payment of balance amount of her property in local authority. how can I do? what is tax treatment for mom & me?
Answer nowDear Sir, please clarify the following situation relating to applicability of Tax Audit
1. Turnover for P.Y. 2016-17 is Rs. 90,00,000.00, and net profit for the year amounts to Rs. 4,50,000.00 and all the books as per sec 44AA are maintained will there be requirement to get the Accounts audited?
2. Turnover for P.Y. 2016-17 is Rs. 90,00,000.00, and net profit for the year amounts to Rs. 1,60,000.00 and all the books as per sec 44AA are maintained will there be requirement to get the Accounts audited?
Do we need to declare Income exempt under DTAA anywhere in the ITR form? Income earned in USA which is taxable only in USA as per DTAA- Do we need to show the same in the Exempt income in the ITR form. Kindly advise
Answer nowcan a doctor form a HUF and receive some portion of his professional income in HUF as a measure of Tax planning please provide the solution along with case law or section of IT Act
Answer nowwhat will be the reason for higher rate of TDS deduction
or For lower rate of TDS deduction .
Is form 61A mandatory for a private Limited company issue shares more than Rs.10 lakh to parent company in Singapore ?
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