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Kollipara Sundaraiah
This Query has 1 replies

This Query has 1 replies

30 March 2023 at 18:13

Huge amount cash balance year ending

Sir,
A Doctor professional income gross receipts rs:25 lacs .but cash balance huge amount rs:15 lacs at end of financial year march-23.
Sales of medicines for pharmacy business turnover rs:90 lacs yearly but cash balance amount rs:10 lacs finical year ending.
Question
Cash balance huge amount any limit provision applicable in it act


Aryan
This Query has 2 replies

This Query has 2 replies

30 March 2023 at 15:44

TDS on Architect

Dear Expert,

We have given contract to an architect for renovation work of office with material, how much TDS will be deducted on his bill, can we consider him as contractor?


naveen
This Query has 3 replies

This Query has 3 replies

Hello,
Can a female can claim HRA deduction while residing in-Law's parent house as she will make payment to Mother in Law and ownership is in the name of Father in law


suryadipsinh mori
This Query has 1 replies

This Query has 1 replies

30 March 2023 at 14:15

SFT Reporting (E-Campaign)

One of my client has received sms (E campaign) for deposit of cash 10 lakh in saving ac
But this cash is handover by his father for transfer 10 lac to his elder brother who living in foreign
Client has received sms because he is third party
And His father earning income from agriculture.

What to do now ...


Daya
This Query has 2 replies

This Query has 2 replies

whether investment can be made by an individual after 31st March for 2022-23 to reduce tax liability of income tax.


Jignesh Selarka
This Query has 1 replies

This Query has 1 replies

30 March 2023 at 11:59

Not opening ITR Excel Utility

Sir,
I am try to file IT Return through ITR Excel Utility download from Income Tax Portal.
But after downloading, unzip it but the excel file is not opened and showing message that the file is unreadable.
So, kindly help me about the same.


Vaneet Monga
This Query has 4 replies

This Query has 4 replies

30 March 2023 at 11:39

GST Registrated Person

Sir,
if a person registered in GST Can he provide Goods and Service both in one GST number or Can he need to registered in one more number


satish kumar Chauhan
This Query has 2 replies

This Query has 2 replies

Dear experts

I am partner of two firm, can i take the salary from both firms as a working partner.

Thanks


omnath
This Query has 3 replies

This Query has 3 replies

MR A.PURCHASED A RESIDENTQAIL LAND AS ON 10.06.1972 FROM SBI HOUSING SOCIETY. COST RS. 37505/ TOTAL TXTENT 4065 SQ.FT. AFTER CONSTRUNCTION COMKPLTED COST OF RS 75,000/- AS ON 23.10.1973..MR A HAND OVER THE POSSESTTIOIN OF PLOT TO MR Y BUILDERS AS ON 15.10.2019 ON 48 AND 52 SHARE BASIS. MR.Y COMPLETED CONSTRCUTION 10 RESIDENTAIL UNITS AND AND WILL GIVE 4 UNITS TO MR.A AS ON 16.6.2022. MR. Y WILL PAY A CHEQ.RS.45,00.000/- AS ON VARIOUS DATE. MY QUERY IS 1) THE STAMP DUTY VALUE AS ON 23.10.10973, AND STAMP DUTY VALUE OF EACH FLAT AS 0N 16.6.2022. 2) LONG TERM CAPTIAL WORKING METHOD GIVE ON THE ABOVE DETAILES.
TANKAS


Prapti
This Query has 3 replies

This Query has 3 replies

30 March 2023 at 10:45

TDS deduction and tax rebate

Hello everyone. I have a doubt relating to TDS deducted by company and tax rebate.
If my income is 6 lacs and I don't have any investments made. How it is taxable if I want to opt for new tax regime wherein upto 7lacs is zero tax liability?

If from 3-6 lacs there is 5% of tax is applicable. Is it that our company will deduct tds and then we need to claim it under tax rebate u/s 87A? Or no TDS will be deducted?






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