Dear Sir, One of my friend who belongs to naga tribe covered under Schedule tribe, has a business of wholesale of clothes (local made woolen & cotton clothes etc) whose turnover is more than 1cr. He is new in all these and has no idea of taxation, can he has to done tax audit, or as he is exempted from income tax he dont have to donebaudit..... plz advise

My Father wants to transfer immovable property in name of my HUF. This Huf consist of me my wife and my son.

How can he transfer this income earning property.
Please advice. How best can we do through Will or gift.?

I have read these articles https://www.caclubindia.com/articles/gifts-to-and-from-huf-20454.asp
https://www.caclubindia.com/experts/gift-received-by-huf-771110.asp

But it has created more confusion, then giving clarity.

Sir

My query our company turnover 75 lakh f.y 2016-17 any required tan no

for tds on job work bill and rent bill

plz reply fast

if TDS on salay or other section of TDS ( like 194 C , 194J, 194 i) not deducted by employer and service receiver in that case whether receipent of such amount is liable to pay advance tax please reply this question,

I am a stock trader by profession My total turnover of trade was 1 Crore and profit was 8 lakhs for current financial Year my profit was 8% of my turnover Do I need Audit Us 44ab or 44 ad

Dear Experts
Weather 2% Education cess and 1%
SHEC cess is applicable on income tax
I mean for firms/companies it is only 30% or 30.9%

Regds
Mukesh

i have paid a tution fee of Rs 1.05 lacs for my daughter this year and got a single receipt as amount was paid in full at one go.
me and my wife are both incometax assesse and both have other avenues like Pf ,insurance etc for claiming rebate under secion 80 C. and neither of us can use the fiull amount of tution fee paid as rebate
hence i want to know whether can both of us claim part amount of tution fee paid for claiming rebate under section 80 C.

SIR.

I HAVE FILED INTIMATION REQUEST OF PAST ITRs.... BUT ONLY ONE INTIMATION IS BEING SENT BY THEM....ALSO RECTIFATION STATUS IS SUBMITTED STILL NO ACTION IS BEING TOOK PLACE......FOR OTHER ITRS NOT EVEN INTIMATION BEEN SENT.

WHAT TO DO NOW?

hello experts, one of my friend not filed income tax return for the assessment year 2014-15. But he has TDS 13000 for that year. he want to file return now. can he file return now? can he file return u/s 142(1)? can he get TDS refund? or give me a suggestion.

While preparing Balance Sheet as on 31.03.15 the position of one asset was as follows :

Depreciation @ 6.33% on S L M was provided on following fixed asset
Original Cost Rs.2,17,532/-
W D V as on 31.03.14 Rs. 97,790/-
Salvage Value Rs. 10,877/-
Life of Asset 8 years
Life used till 31.03.14 8.70 years

My question is what should be W D V for above asset as on 31.03.15 and what amt should be adjusted with retained earnings ?