company can save capital gain tax on sale of company office or not ?
if yes then how?
Dear Experts,
Is there any other method to compute Income other than section 44AB and 44AD of IT ACT???
Doesn't Dividend Distribution Tax amounts to double taxation?
A Company firstly pays tax on its earnings @ 30.90% and when a part of earning is distributed as dividend then DDT is also to be paid. So here the amount involved for dividend is facing double taxation.
if pf paid after due date what happens!
whether employee or employer contribution is inadmissible U/S 43B. please send me reply.vinaybhargavkumar@gmail.com
Greeting s of the day,
I have Deducted TDS April month of 2014.so assessment year is 2014-15.but i kept 2013-14 by mistake.how to rectify that error while submitting returns in future.is it considerble mistake?let me know the solution.
Thank you
Dear Sir,
I have come under tax slab, but show the exemption like PPF, LIC etc to company. Then can i get form 16 from company without deduction of TDS. This is required by bank for home loan. They told me that form 16 can be issued without deduction of TDS. Is this right or wrong?
Regards,
Rahul Mehra
Dear Experts,
A person is having proprietorship firm ABC and he is also a partner in a Firm XYZ.
If a machinery is purchased in name of proprietorship firm and on same day of purchase the proprietor wants to introduce that purchased machinery in the partnership firm XYZ as his capital.
Then in such case who will claim the benefit of depreciation XYZ or ABC.
In my opinion since Partnership Firm XYZ is using that asset therefore XYZ should claim depreciation benefit. But at the time of assessment AO will say that the bill is in name of Proprietorship firm and depreciation is claimed in XYZ.
I want to know what is the proof of ownership for partnership firm for any moveable assets which is introduced by the partner.
Regards,
A doctor has maintained books of accounts on cash basis. He has received a cheque of Rs. 180000 (net of TDS) as professional fees from a company in MAY 2014. The company has made TDS of Rs. 20000 on 31.3.14 and had deposited the same in April 2014 as it follows accrual basis.
Que.
1. Can the doctor take the credit of the said TDS of Rs. 20000 for AY 14.15 .
2. Whether TDS of Rs. 20000/- the credit of which is available for AY 14.15 constitutes the income of Doctor for AY 14.15?
Dear Sir/Madam,
Does a Supreme Court Judgement have retrospective effect? E.G. can a Supreme court judgement of 2014 be quoted in a case of say Assessment year 2010-11?
Please refer a relevant case law or any legislation.
What kind of areas I can focus for tax planning
ubramanian
I am the only consultant and request suggestions on minimising tax as much as possible
Any help is good
S
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Capital gain