AS A BUSINESSMAN IF I DEPOSIT AND WITHDRAW SAME AMOUNT IN BANK AC AGAIN AND AGAIN (ABOUT 15 TIMES IN A MONTH ),PLEASE LET ME KNOW THESE DEPOSIT TRANSACTIONS WILL BE ADD TO MY RECEIPTS IN BUSINESS?










9

whether as per income tax act, depreciation is allowable on leasehold land when it is amortized in the books of accounts over the period of lease term.

Dear Experts,
Here my query is regarding the Notice received under section 226(3)of the Income Tax Act,1961.

ITO has send me a letter mentioning a certail sum with Interest I need to pay.

Please advise what should I do now.

Thanks,
Sumit Rastogi

MY MANY CLIENTS GETS COMMISION UNDER SECTION 194 H...HOW MUCH EXPENSES I CAN CLAIM AGAINST SUCH EARNINGS...?
WHTS D AUDIT LIMIT FOR SUCH COMMISION UNDER 194 H

Dear all,

My co periodically gives sales incentives or taxable turnover to the customers for achieving sales target. This co makes the payment of all incentives through cheque.They are not adjusting sales incentives against future billing of the same client.So it is concluded there is totally monetary payment for achieving a sales target.My question is ;does it attract any tds liability on the co,since there is whole monetary payment.

please help me out with the information about which i am confused

in relation to salaried person he get rs-100000 deduction under section 80 c

but when he paid amount for health insurance under section 80 d , donation's under section 80 g

is thease deduction is admmissible in extra i mean 80c's 100000+80d 15000+80g 5000

so the total deduction is rs-120000 or he will get only deduction of rs-100000 including thease all

please explain me the concept

Thank you.

Share transactions i.e. a person dealing or trading in shares and the income is shown as income from business from such transactions. Is it covered u/s. 44AD. If a person doesn't show 8 % of his turnover of shares, he is required to get accounts audited u/s. 44AB.

Dear sir i have a proprietor ship trading business & i have fix assest office-2500000,car-500000 & furniture 150000 than we got exption of depriciation if yeas than how much

Dear Expert,

In previous quarter, we have to wrong payment of TDS u/s 194I amounting Rs. 2387. Is there any procedure to claim refund for such amount?

plz send me a sample of submission before cit(appeals) in word or pdf format