Dear All

I like to know that whether HUF can provide Accounting services.

thanks in advance

Sir,
A partner ship firm one of the partner personal name LAP loan taken on residential property loan amount transferred to partnership firm.
Loan taken by partner personal name and loan installment amount pay through on partner ship firm bank account.
Question:
1.Treatment of interest and installment in books and accepted above transactions in it act.
2.interest claim firm account accepted in it act.

Hi experts

In private limited company we have to pay directors remunaration or salary ? if we pay that what is the limitation of Pvt ltd company ?

I am filing itr 3 and i am not liable to any audit. I have selected"NO" in all the fields of "AUDIT INFORMATION " in Part A . Also selected "NO" in "if liable to furnish other audit report, mention the date of furnishing the audit report".  There was one error on validating, "select a value in if liable to furnish other audit report, mention the date of furnishing the audit report". On selecting "NO" again in the same validation of return is successful without any errors. But when I preview the Json file created, it shows "Audited under section 10A" and "N" in other audit details.
What should I do?

IF:-

I am a paramilitary (CRPF) Jawan and we are under of Ministry of Home affairs, not in the Ministry of Defence. Retired from the service on March 2019.

If I get Disability pension is it a exempt income.

During 2009 December I got an accident from Dentewada of Chattisgarh State. A Maoists attack of which I totally damaged. Only 2 survived from a group of 16 persons.

Now I am getting disability pension. a huge amount is received on December 2020. That is receivable from March 2019 onwards.

Is this pension exempted or not. Is there any case study for such cases.

I am strongly saying we are under Minisrty of Home Affairs (Central Armed Polic Forces)

Please give a advice at the earliest.

Sir,
It assessee cash loans from different persons (creditors) each one rs:19,000/- received.

1.Cash loans from creditors 5 members (pan number and Aadhar number mentioned persons)
2.cash loans from creditors 4 members (pan number non mentioned persons)
Question:
Above two cash loan transaction allowed in it act.

Hi All,

One of My Client having Business in USA but he is a resident in India and Controlling Business from India, Rarely he visits USA.

Whether I Need to add His Business Income from USA while filing Indian Income Tax Return,

If so, can i take credit of taxes Paid in USA

My friend worked in Qatar for 4 months last FY and returned back to India.And his company has deducted income tax for the Qatar income also.
THis AY return how to get this amount refund from the ITR return.As zero tax in Qatar , is he eligible to claim this amount .If so how to get that amount.As system consider this amount as zero as Tax paid outside is zero.

I have income from EPFO pension and capital gain . So i have to file ITR 2 . For pension no form 16 issued. It is not commuted , un commuted pension . But it is from contribution by employees. No TDS is deducted by epfo.
My question is.
1) In ITR 2 it asks employer name , TAN number and other address derails .
So what to enter in this.
2) Also if pension selected it asks commuted , un commuted . Whether i can select Option OTHER ?
IN ITR 1 no such problem arise . Since i have capital gain income ITR 2 is compulsory .
So please guide on above

I have long term capital gains in equity for FY 20-21 of Rs 3 lakh.
I have brought forward equity long term losses from previous year of Rs 5 lakhs.
Question- For filing returns of FY 20-21, do I have to first setoff capital losses against capital gains? Or can I first take LTCG exemption of Rs 1 lakh and then setoff remaining 2 lakhs gains against prev year losses?
If I first setoff losses against gains, then I am not able to take advantage of LTCG exemption of Rs 1 lakh.
Please guide.