sir,loan settalment se hone wala profit ka income tax point se kya treatment karna chahiye?
ise kis head me taxable karenge?
Whether remitter will be required to get certificate 15Cb from a CA and then required to fill form 15CA online in case of making payment to non resident through CREDIT CARD.
Answer nowan indivisual has earned 100000 and deposit in bank as FDR in the name of his spouse. Now interest from such FDR will be taxable in the hands of indivisual or spouse ?
Answer nowThe assessee has to get the accounts audit if the following two conditions are satisfied as per section44ad
1. his profits and gains from the eligible business are lower than the profits and gains 8% of turnover and
2. Whose total income exceeds the maximum amount which is not chargeable to income-tax.
Here see both the conditions are simultaneous and the assessee required to get his accounts audit only if his profits from the business u/s 44AD are lower than 8% of this turnover and further his total income is more than maximum amount which is not liable to tax
so tax audit required or not if he declared lower income and his total income is lower then taxable income.
I have received an intimation[143(1)] from CPC , i have paid my tax, but itwas not credited in the intimation.. what should i do to give a reply to CPC.
Answer nowDear Sir,
I have to submit an etds correction statement for PAN Number updation.
Since my system got crashed and i don't have the regular fvu statement with which i have made quarterly filing, how can i make the correction statement.
can i download the uploaded file from the nsdl site.
please some one help me to file the correction statement.
Whether following payments are eligible for deduction under the head salaries
1.Medical Bill paid on behalf of dependant father(Senior Citizen) Amount incurred is Rs.75000/-
2.Family health insurance policy Rs.8000/- (80D)
2.Insurance premium paid on behalf of spouse, Insurance receipt in name of spouse only
please advise
I HAVE AUDITED A TRUST WHOSE GROSS RECEIPTS IS MORE THAN Rs. 70 LACS. SO I HAVE TO GIVE TAX AUDIT REPORT. SHOULD I GIVE 3CA OR 3CB ALONG WITH 3CD? IT IS NOT REGISTERED U/S 12 A. SO IS IT NECESSRY TO GIVE REPORT 10B?
Answer now
As per leave & licence agreement the licensee agrees to pay the licensor a license fees Rs. 1,00,000/- per month pluse service tax thereon, plus out going charges Rs. 30,000/- per month, for premises taken on Rent.
PLease let me know whether TDS is applicable on out going charges?
Dear Experts
can u plz clarify me whether the filing of Return is must either
the "gross total income" exceeds the exemption limit or "Total income" (ie., gross total income after deducting eligible deductions).
Thanks in advance
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
profit on settalment of loan