Our partnership firm carrying business. In our firm in loss before paid remuneration in profit and loss a/c in F.Y. 2010 – 11. Can we give remuneration to partners?
Answer nowOne property in the name of me and my wife (both IT assessee's) and we are paying equal Installments, My query is that the 150000 limit is for one property or per person.
Is there any change in deduction amount if the joint holders are father and son
Regards
Dear Sir/Madam,
If a person who have not filed his return for FY 2008-09, 09-10... wants to file 08-09 & 09-10.....his TDS on salary is properly deducted but not cover interest from saving bank account around Rs. 8000 (not exceed 10000) for both years.
My question is:
1. Whether he can file that returns?
2. is it necessary for a salaried person having interest income from bank, to disclose interest part in the return?
please guide..
Thanks....
Dear All
Good evening
Do an Educational society required for file its return of income with the Dept?
If yes, Which ITR ?
Pls do Reply fast
Firm "A" which is liable to Tax Audit is making payment of Rs. 10 lacs as non-compete agreement to one of its employees on his retirement.
My Query is whether the firm is liable to deduct TDS on the sum so being paid.
Regards
Dear All,
I have bought a machinery from a foreign company & I have made payment to that company from India. Now that machine will be used by the foreign company for producing my goods as per my requirement. After accomplishing my works machine will be sent to India. Now i wanna know that how i should show the payment in books of accounts. Can this machine capitalized in my books.Also, this is to inform that no duty has been paid so far because machine will come in India after accomplishing the works.
Regards
what is the provision regarding set off, carry forward, carry forward and set off of losses from specified business under 35AD?
Answer nowhi sir ,is pre-EMI interest on housing loan allow as deduction u/s 24(b).
Pre-Emi interest is not a pre constructions period.
so kindly reply as erly as possible.
Thanking you.
Sir my refund check was returned due to improper address, so what i do for getting the refund cheque?
Answer now
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