Dear experts'
my friend filled ITR 4 for the assessment year 2011-12 for the refund of Rs 2500 with
a receipt of Rs 50000/. but while preparing ITR 4 he enatred gross receipt as 50000/-and gross profit as 500000/-. now the department asking for payment of tax on 5 lacks instead of refund. but itrV shows a refund of rs 2500/- what he has to do? please advice
Sir I have completed my graduation....I already cleared group 2 of ipcc.. I want to know that if I convert in direct entry scheme than again I have to appear for group 2 exam or not? ??
One of my client received interest from builder of Rs. 17,31,507/- on a property on which my client invested in 2005 with amount of Rs. 25,00,000/- , he received total amount plus interest in 2012 , does this amount received in 2012 as interest will be taxed according to income from other sources or we can take benefit of long term capital gain
I AM STAYING IN MY OWNED HOUSE PROPERTY AND NOW I HAD PURCHASED A NEW FLAT WHICH IS UNDER CONSTRUCTION AND ALSO AVAILED A HOME LOAN ON IT. CAN I CLAIM INTEREST & PRINCIPLE DEDUCTIONS FROM MY SALARY INCOME ?
Respected sir.
I have to solve one problem, example:
we are one sale bill in tally for Rs 1500+14.50% vat thus together comes to say 2000/- after one day customer come and exchange the watch and buy new for 3000+14.50% tax say Rs 3500/- and he will pay us balance amount of rs 1500/- for this how we can make sales bill in tally for rs 2000/ credit and balance for adjustment bill kindly brief me
SIR,
ONE CAN SHOW THE ACCOUNT FEES RECEIVED AS A INCOME FROM BUSINESS/PROFESSION U/S.44 AD (8 % PROFIT)?
Dear Sir's
Can any one guide me the procedure how to submit Test Papers for CS-Executive. Like whether A4 size papers are permitted for answer sheets, what all the students details to be disclosed in the Answer sheets etc..
Very Urgent.....
Thanks in Advance.
We have a private family trust. The trust is going to make payment to a contractor worth Rs 2 Lacs. Is the trust liable to deduct tax on the same or not?
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