hi My friend have proprietorship firm trading of poultry feed materials march-13
Turnover is 34 Lacks Profit is 55000/- and Salary income is 1.23 lacks he filed is own in ITR-4 and he is not paid income tax
i know this is wrong he is covered under sec 44 ad he have to calculate 8% of gross receipts total income is 395000 and he can claim under sec 80c is 25000/-lic school fee
net income is 370000 and tax is 17510/-inc cess but asked any option is there to reduce the tax please help him

What is the difference B/W NBFC and Financial institution? whether it is explained by any LAW??

kindly anyone provide operation management and info.system notes for icwai inter a kaushikbarik16@gmail.com

THE SHOP WAS PURCHASED IN 2010 FOR RS 23 LACS, SUPPOSE THE DEPRI FOR 3 YRS IS 3 LACS, NOW, IN 2013 THE SAME IS SOLD FOR 30 LACS, WHAT WIL LBE THE CAPITAL GAIN?(WDV IN 2013 IS 20 LACS)

Sir ,
If we give Travel advance to our employee , than should it be recorded in ' Payments ' or in " Journal " ?

individual nri staying in dubai have following assets india pl let me know which are subject to weath tax in india
1)urban land plot given on rent
2)jewellary
3)loan given to relative without interest
4)office vacant not given on rent
5)residential flats -4flats -2 given on rentang 2 vacant

thanks

Dear members, I am doing an audit of a Pvt ltd company and wanna know the applicability of Gratuity act to the company. There are 370 employees in this company and the company has not enrolled into gratuity act. so what liability would this company faces for the non compliance of this act

Sir/Mam
1. Please tell me what is the due date for depositing contribution under ESIC. If i made advance payment for the month of April, May and June in the month of April only?
2. And if gross salary increased above 15000 in the month of November from retrospective effect i.e. from April month and arrears received in November than whether ESIC should be deduct from April month, of the employees of which esic not deduct in the preceding month.
Thanks in advance

Is the penalty leviable for the reversal of Input Service credit?

one of my frnd Is govt. employee and not having pan card at the time of salary due...so the tax deducted was by 20per. but now hi has a pan and want to claim that TDS by filling return...but the problem is that 26AS is not update due to not having pan card...then what should I do for claiming TDS....?????