From which date TDS provision applicable to Co. Op. Banks. Finance Act, 2015 had withheld exemption from TDS provision.
Answer nowPls tell about the taxability of arrear of salary.
If xyz co. had stopped working in the year 2000 and now company has been taken over by ABC co. Now in 2015 ABC co. Pays compensation as Arrear of salary to the employee of XYZ co. then,,
1. Taxabilty of such income in the hands of employee?..
2. is the ABC co. liable to deduct TDS on such income?
if person earn CG of RS. 15,00,000 on transfer of resident house in Fy 13-14.if he not file return of income within due date nor he deposit captial gain scheme A/c. is benefit of Sec 54 is available?
Answer now
Our client has the following incomes:
1)Proprietor business loss is 176000
and so we have decided to take Deemed income u/s 44AD 8% turnover = 379200
2) he is also a partner in another firm..
profit share =156000, remuneration=384000 and interest received = 114578
3) bank FD and SB a/c interest??
Now which ITR has to be filed??
please suggest.. thank u sir..
While transferring fund from NRO account of one person to NRE account of another person, whether tax is imposed ?
Answer nowDear,
One widow lady sold own house(Floor) and re-invested the same in buying new residential house in the name of her major daughter. Can she claim exemption u/s 54.
All transaction are done within time.
Question_1: one has income from insurance Commission u/s 194D, I want to know under which profession does it come?
Specified Profession or non specified Profession.
Question_2: What is the tax slab rate for the income from business or profession who use ITR-4.
Question_3: Are maintenance of books of accounts are compulsory or not of FY 2010-2011 if
Gross profit: 252500.00
Expenses made: 97300.00
Net Profit: 155200.00
One of my client who is a salaried employee in PSU got 96000/- as salary but TDs deducted @96000/-.I want 2know d reason.
Answer now
Ancestral property held by the husband for more than 10 years is transferred to his wife by way of gift in 2014 and the property was sold in 2015
Is it a STCG or LTCG
What will be the cost of acquisition, either gifted amount or cost of acquisition by her husband’s father
I have query related to advocate(consultant) that provides all the services of accounts, income tax return,sales tax return, service tax return, tds return and audit to specific clients. For that,consultant appoint person like C.A and Advocate by consultant for Returns and Auditing work. My simple question is do that advocate firm charge their bill of accounts, returns and audit instead of giving separate bills of other Advocate & CAs ??
Answer now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Effective date of withdrawal of tds exemption to co. op. banks