What should be the source of income to start the HUF ?

dear experts can u pls tell me a wholesaler trading firm . what is limit for cash transtion and what is limit for cash receipt for debtors . present time we have made a receipt for 20000 in one day is it true or any changes pls help

Sir i
I want to ask whether i can do daily cash sales of rs 4 to 5 lacs total , per bill amount will be 40000 to 45000 after 1.4.2017

Is it required to give any detail of buyer as it is a cash sales...

Hello.. Whether the income of an assessee a wholesale dealer in fruit business is liable to income tax if his income exceeds basic exemption limit?

Dear Sir/Madam,

I have applied AMFI certification in NISM,as per my Pan card My name is VENKATA CHALAM N and Income Tax PAN Database wrongly updated VENKATACHALAM VENKATACHALAM,NISM people are issuing my AMFI Certification as per pan site.Kindly help me to change my name as per my pan card on Income Tax PAN Database.

Its very urgent kindly help me.

Sir, If i want to purchase capital equipment for construction of building , can i pay 2 lakh in cash ?

Can I upload the ITR 4 if my income is below Rs.2 crs..?

When 44ADA was not in existence whether professionals were not allowed to opt presumptive taxation?

What if a professional doesn't fall under specified professionals as per 44ADA/44AA, is he eligible to opt for presumptive taxation?

Mainly my concern is with proprietorship commercial coaching service provider, is he eligible for this scheme? This doubt is raised due to expression of word "business" under 44AD which confuses me that earlier when 44ADA was not in existence professional were not allowed to opt this presumptive scheme!

Please answer and correct me if I am wrong!

Thanks

Suppose Nephew a salaried person (outsourced on contract not permanent)= total taxable salary= 1.5 lakh in F.Y.2016-17 and nephew get a gift from Uncle (Father Brother) deposited in Bank in F.Y. 2016-17 by cheque and cash of Rs. 1.10 lakh and further Nephew get interest by saving and Fd from gifted amount .

Want to Fill ITR of F.Y. 2016-17.

1. which ITR used = ITR 1 or ITR 2.

2. how to show gift of Rs.1.10 lakh (from Father Brother) in which section of ITR1 or ITR2.(Note= Some C.A. says Nephew have to fill ITR-1 because Nephew is a salaried class because as per my search on internet if your exempt income more than Rs.5000 (Rs.1.10 lakh from gift is a exempt income or not) you have to fill ITR 2.Please clarify the situation. Nephew is on contract bases no form 16 issued to employee only outsourced employer give cheque which is deposited in bank and salary slip is also not given.

Regards,

Munish Narang

Whether TDS is to be deducted by an employer on Leave Encasement at the time of employee is resigning