MY CLIENT HAS A BUSINESS INCOME. AND INCOME SHOWS 8% OF TURNOVER.HE IS INTREST PAID IS GREATER THAN INTREST RECEIVED ACCORDING TO INDIVIDUAL, HOW TO SHOW G.T.I.
Answer now
which form is to be issued to an employee whose tds on salary has been deducted by me and who has left his job. whether i can issue form 16 or any other form is required to be issued?
I had been with a company of less than 5 years and my epf amount has been withdrawn. I want to know how is tax calucated on EPF. For eg., the withdrawn amount has following components:
A - My contribution
B - Interest on my contribution
C - Company contribution
D - Interest on company contribution.
Will the tax be calculated on (A+B+C+D)? Also, is some kind of indexation applied over the years?
A man was purchased a land in 2008. he sold this land in 2011 before complete 3 years. It means Short Term Capital Gain. he invested sale amount in construction of house and construction in process. So I want to know that in which section the amount of construction will be exempted..?
Answer nowHi to all.....
My Query is
Suppose there are 2 partners in partnership firm and they decide to admit a 3rd partner. During admission of a new of a new partner,existing partners decided to revalued the assets and liabilities of the firm,and after revaluation there is revaluation profit.
And Existing Partners decides to retire from the firm after receiving their respective share from revaluation profit.
So in such case what will be the tax consequeneces?
If the annual receipts of any educational institution existing solely for educational purposes exceeds Rs 1 Crore, is the income subject to tax? can somebody help me with an example?
Answer nowI want to give 10 lac amount of my saving to my wife to start business of broking. If i gift her this amount, income from her business will be clubbed in my income... Other way is to give her a loan through cheque and charge the interest rate same or bit more as per bank fix deposit rate.... Please suggest me what to do and what will be the process to loan her the amount, what documents (i.e. stamp paper or any other)would be required to be signed by her & by which transaction stays under the income tax law....
thanks,
sir,
A firm had been closed on 01/04/2011.
Plz tell me the procedure to intimate the IT deptt. abour its closure and procedure for the surrender of PAN no.
Plz tell me the time limits also upto when this procedure is to be performed.........
Hi Experts
My Query is that My client had inverstment in infrastructure of Pearls PACL India ltd. He is paying annually amount, So whether he is eligible for deduction under 80c?
Please solve my Query ASAP
Thanks very much
If any one lost his pan card and forget his pan no. he did't have any document of the pan card. no information he available in income tax site.
1. is there any option to get his pan no.
2.or can he applied for new pan card.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
How to show g.t.i.