Dear Sir, Do a partner ship firm need to file return wealth tax return or how valuation of his assets will be done for wealth tax purpose?? thank you
Answer nowWhat is the meaning of lineral asendent and lineral descendent in gift tax ??
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My husband expired during July, 2011. I have to efile his IT Return for AY 2012-13. I am also an Income tax assessee and I have also to efile my IT Return for AY 2012-13. What is the procedure for efiling of my deceased husband's IT Return ? Whether I can efile on behalf of my husband ? Whether I can efile in ITR 4S ?
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One of our clients has not received Form 16 from the party which deducted its TDS. Moreover the party is not giving the same. Is there any way by which Form 16 can be downloaded in this case?
Thanks
Hi,
I am working in an organization in which the rebate u/s 87A is being allowed only to individuals whose Total income does not exceed Rs 5 lacs. But here Total income is taken as Gross Income (before 80C deductions).
However, i looked the matter in the net and found that Total income is to be taken as Total Taxable Income (After 80C and other eligible deductions)and also in Income tax rules it is said Total Income (before deductions).
Please Clarify.
An assessee is a retail trader in automobiles he has earned a commission income in addition to normal income during the course of business. His turnover was 40 lakhs and the commission income was 2 lakhs. Now can we declare turnover of 42 lakhs under 44AD and declare 8 % profit on it or is there any other treatment.
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my client is partnership firm of liquor business. As per terms of excise only individual is eligible for tender. but some time some people form partnership firm and decide that if any partner gets tender of liquor that will be treated tender of partnership firm .due to this clause all receipt and expenditure of liquor shop has been booked in partnership firm.But TDS is being deducted in individual capacity not in firn PAN.but return is filed in the name of partnership firm and credit of individua tds has been claimed in firm PAN .A.O. has denied to give credit of tds what should be done further!pl advice.
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Dear All,
My question relates to benefit of children education allowance when we need to allow children education allowance benefit is it necessary that children's needs to be in school or if no children is going to school, can allowance benefit extended in that case. If someone has two children's but only one is going to school, will it be possible to allow him full Rs. 200 benefit or Rs. 100 only.
WHAT IS DOFFERENCE BETWWEN LUNCH EXPNSES AND MEAL(50 PER MEAL) PROVIDED BY EMPLOYER
Answer nowMy son is working in Bangalore. His assessing officer is in Kolkata. Refund for AY 2013-14 not received and ITR4 for AY 2013-14 also still not processed. I desire to change AO of my son from Kolkata to Bangalore. Please explain detailed procedure to change AO without going to Kolkata
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Wealth tax