I own a proprietory concern and deposited 6Lac of SBN. Now notice is to be submitted. How to show Cash Sale and Cash receipts from Customers from whom cash was received. Pls Help.

Whether Profit on sale of Capital Asset (Land) included in Book Profit U/S 115JB?

Sir rec'd income tax notice for depositing 4lacs in Bank in 1000 & 500 notes I am doing doing trading business and filing returns under presumptive scheme showing 8% profit the above amt was paid to supplier by cheque kindly advise what answer should I give to income tax department kindly advise

Dear Sir,

I have filed IT return of my friend for assessment year 2014-15, but TDS was not claimed fully as the amount was not reflected in Form 26AS at that time. However now he came to know that TDS is greater than what claimed in ITR. Income was fully shown in ITR. Return is processed and refund is also received as per claimed amount in ITR. Now the question is how to claim balance TDS amount which was skipped in IT Return? Return was filed after due date. Please guide.

Dear Sir/Madam
I Just want to know that how i calculate advance tax approximate amount.Suppose that My sale up 30.06.2016 is Rs.210000000 and my net profit Rs.8700000. I just want to know how i calculate first installment approximate amount of advance tax to deposit.
My firm is partnership firm.

Dear sir, The X person has a salaried employee in private firm but he is not not more than taxable limit but some of the other state Limited company filing tds on his name it's shows in 26as. It is not related to this person. hi sir what we do for this type of case. can we drafted a letter to income tax department for that company name. please answer for this query.

Hello, My question is that imagine there is a corporate having business in catering sector. All the employees have their lunch in branches and no formal record maintained for the same. Will it amount to perks?

Dear Experts,I have partnership firm incorporated as on 1-7-16.However,due to delay in getting PAN in name of the firm we(I and other partner) has decided to do business transactions of the firm in the savings bank A/C of a partner(managing partner) till opening of the Current A/C in name of the firm(and to that effect a clause has been inserted to a modified P/deed).Now,some works contract has been undertaken in name of the firm and payment has been received in bank of the partner.Now,the clint need to deduct TDS on the payment for the amount so transferred to the partners bank A/C.Now,we have got PAN of the Firm. So,will i ask to deduct ,the TDS against PaN of the firm,or they are bound to deduct TDS in name of the partner,in whose Savings A/C payments are made? PLEASE ADVICE AS SOON AS POSSIBLE.

Can anyone please clarify anything about calculation of turnover of future and options other than what is written in the guidance note for tax audit.

Hi, my question is that whether presumptive income scheme inder section 44ada can be followed by a firm of CAs?