Hi, Everyone,
Currently am undergoing Secondment under a CA - Proprietary Concern, Now he is going to convert/converse the Proprietary into a Partnership Firm. So i just wanted to know that do i have to follow any procedures? or do i have to intimate the institute of this?
Thanking You,
Our client has purchased flat in which he and his wife are joint owners and property value is Rs.1 Crore.
But we have filled only one form26QB and total tds @1% is paid in it. Is it correct or if we have 2 fill 2 forms can any one suggest how we can rectify the same . please help as it is urgent
my sister having two pan card as having 2 address in two cities.return are submitted only in one city now the pan card against which no returns are submitted the tax liability is there now how can I do in this case as both cases are with different assessing officer and with which assessing officer should I proceed ,??? pls guide
Is deduction under section 8-IA & 80-IB allowed in case of Belated return?
If yes, please provide the case law.
Dear Team,
Requesting your advice on the following case
Admission fees of Rs.3500/- (The school mentions it as "Advance Collection" in the cash receipt)
Term fees Rs.7595/- for first term, Rs.2375/- each for second and third terms (Have not paid yet but is it okay if the school mentions it as Term Fees only)
Since the school does not mention the nature of fees as Tuition or not, can i claim the following as deductions this year Rs3500 + Rs7595 + Rs2375 + Rs2375.
Also appreciate your thoughts if the fees paid to a school where my son discontinued also qualifies (despite me claiming the fees in the next school where he joined).
Regards,
Ram
Sir,
I want to give around 49000 rs as cash gift to my wife for tax saving FD.
How can I declare my gift amount in IT return filling for tax exemption.
Under which section, this amount can be declared.
I am salaried employee and I comes under 20% tax slab while my spouce is housewife.
An assessee wants to sale his Sole Proprietorship business to another individual. what should be the procedure and what would be the tax implications of the same in Income Tax and VAT.
Thank nikhil but party is not willing to deposit tds so can I directly pay tax if yes than what is interest & penalty
on what amount will service tax be levied if gross amount of commission received by Agent A on goods sold by him is Rs. 10 lakh and from which he passes on the commission of Rs. 6 lakh to his sub agent B.
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