Can I route personal exp such as school fees, household expenses to capital account instead of profit and loss a/c But if I do that will I still have to disallowed the same in computation of income
Answer nowin A.Y 2010-11 I have paid an amount of rs. 25600/- towards my liability but is not credited in income tax and now I got an intimation to paid the same. so whether I have to pay the internet on behalf of this demand?
Answer nowwhich ITR form for loss company in ITR filing?
Answer nowsir , I want to ask you that can the head of the family will claim lic under 80 c of income tax of his wife , children in his itr.. i have some doubt ...I think yes but please clarify...
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Can a person doing vehicle finance business lend above 20,000/- to its customer on basis of hire purchase agreement in cash?
Also many jwellery businessman lend above 20,000/- by taking jwellery from customers in their possession. Is it allowed?
Hi, I was working with a company which deducted and deposited TDS in FY 2009-10. I couldn't get form 16. Now the company is closed. I could trace the challan for deposit of TDS by the company. Now, since the TDS is not appearing in my account, department has served notice for payment of tax with interest. I have submitted the copy of challan along with proof that I was employee of thay company. However, the IT department is not responding to these submission and keeping the demand open. Please suggest how to resolve this.
Am receiving professional fees 29000/- and it's GST 5220 .So the total value of my invoice including GST is 34220. in this case whether I have to deduct TDS under 194j ( in excess of 30,000)?
Answer nowI have old gold (jewellery) for which i have no bill nither i know cost of purchase of that gold, niether i know year of purchase. It is given to me by my Grand parents, i.e. it is inherited gold Today if i go to market and sell that gold, will there be any capital gain on sale amount.
Answer nowSir We have registered a partnership firm in July 2017 and paying rent for amounting Rs 50000/- Pm.... Kindly advise whether we required to deduct tds or not.....
Answer nowWhere will this income (from renting vehicles) be taxable under itr 4 of income tax.
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Personal expenses treatment under IT