If the Order for demand of income tax is passed by the income tax officer. however party has gone for appeal against this order.
What shall be accounting treatment of it in the books of account?
Plot was purchased 3 year old value Rs. 1,00,000/-
Construction of Bunglow on that plot Cost Rs. 4,00,000/-
Construction completed before 10 month
and now i am selling it at Rs. 10,00,000/-
How the capital Gain will be calculated and which provisions will be applicable to such transactions?
SUPPOSE IN ENTIRE YEAR I HAVE ONLY ONE TRANSACTION I.E. ADVANCE RECEIVED FROM ONE CUSTOMER SAY RS. 50000.THEN MY QUESTION IS CAN I LIABLE TO PAY TAX ON SUCH AMOUNT
what is the due date for deposit of TDS on salary?
can we deposit TDS quarterly in case of salary or in any other case??
...........please clearify
SUPPOSE, IN THE MONTH OF SEPTEMBER I GOT SALARY OF RS. 500000 AFTER DEDUCTING TDS OF RS. 25000. AT THE END OF THE SEPTEMBER I LIABLE TO PAY ADVANCE TAX SUPPOSE RS. 30000 THEN MY QUESTION IS CAN I DEDUCTED RS. 25000 (TDS PAID ) FROM RS.30000 AND BALANCING AMT.OF RS. 5000 PAID TO GOVT.
In revised schedule VI Format,in profit & loss a/c,in expenses head their are two points given: cost of material consumed & changes in inventories.
Please anybody clarify me the same : difference between these two because material consumed includes the effect of Changes in inventories.
Fixation of Salary as per TN Notification carried out. But somebody is telling to fix the basic 40% of gross. Is it correct ? Is there any proof released by Govt ?
if I have taken LIC wealth plus plan in 2010 n I have paid 50000 one time premium & already taken deduction u/s 80c. what if I surrender the policy in 2014??
Earlier deduction allowed should be added back or not?
Can we appeal against the order u/s 200A for short deduction of t.d.s in case of invalid pan but later on the pan has been updated by filing correction statement inspite of which the the notice has been received because more than 2 alphabets and numbers have been rectified in the pan updation?
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Treatment of income tax liability in dispute