This Query has 1 replies
A person received cash as refund of advance money say rs 1,00,000=00. Does he has to pay tax on it u/s 68, if he shows in his books. Reason of not paying tax is section 68 is applicable if A.O is not satisfied with reason with cash deposits. Also is concealment of income applicable?
This Query has 1 replies
A person received rs. 1,00.000=00 in cash as refund of advance money given for purchase of property, as purchase didn't happen. Should he offer rs. 1,00,000=oo u/s 68 , since he cannot get confirmation from person refunded money. the same cash has been deposited in bank.
This Query has 2 replies
Sir / Madam
We are a LLP registered in India, doing live events & shows in India & abroad. We are taking services for foreign companies for consultation for events to be done in foreign countries.
The service provider is a foreign LLC (Dubai Co), where consultancy service was provided for a project in Dubai & other countries (Excluding India) & the Dubai LLC does not have any PE in India as well.
So do we have to Deduct TDS on the remittance made for such services ?
If TDS is not to be deducted, then what documents are to be compiled to initiate the remittance ?
& If TDS to be deducted, then at what rate and what documents are required for the same. ?
This Query has 3 replies
My residential address in Form 26 AS was old address. I want to update the present residential addrfess in Form 26 AS. Please enlighten me as to how to update my residential address in Form 26 AS ?
This Query has 5 replies
Case study showing business receipts, cash deposits, miscellaneous payment, as in favour of assessee showing it is done in personal nature and with lack of knowledge and mere rotation of fund
This Query has 1 replies
Is it allowed to file return (when books of accounts not maintained ) without showing capital gain/loss which is showing in Tis and generating json under Itr 4
This Query has 1 replies
Is it allowed to file 148 return u/s 44AD and generating json under ITR -4
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Sir
Mr. A TAKE LEASE A HOTEL RS.20,00,000/- AND DEPOSIT RS. 10,00,000/- FOR 2 YEAR. HOW TREAT EXPENSES OF RENT OF EACH YEAR
THANKS
This Query has 3 replies
When A Partner Transfers his assets to Partnership firm , whether it will be considered as Sale of assets or not ? if , yes , Whether it will be taxed as capital gain or not ?
This Query has 1 replies
We want to convert CA Proprietary firm to partnership firm. So firstly we add a partner in our proprietary firm through ssp portal>firm module>firm reconstitution> joing/leaving partner. Icai also approved a new partner added into our firm.and also change firm name M/s xxx & co in firm certificate. so can we get new FRN for our new partnership firm.But How can I get new FRN?
Sec 68 unexplained income - tax is imposed