Please clarify my doubt regarding tax treatment on advance received from tenants by the owner of the house property. I want to know what is the tax treatment for the amount until it is repaid and how it shown in the balance sheet under what head.
Hi Experts, please clarify my doubt.
I am private employee, getting 1.5 lakh per month. I would like to buy an agriculture land so that i can setoff agriculture loss against my salary income to reduce tax burden.I had no other source of income.Please suggest me how to setoff agriculture loss against salary income.
Thanks in Advance
Hi Experts, please clarify my doubt.
I am private employee, getting 1.5 lakh per month. I would like to buy an agriculture land so that i can setoff agriculture loss against my salary income to reduce tax burden.I had no other source of income.Please suggest me how to setoff agriculture loss against salary income.
Thanks in Advance
Hello Experts,please clarify the following doubt.
I am private employee, getting 1.5 lakh per month.To reduce tax burden i would like to buy an agriculture land and to show agriculture loss and to set off against my income from salary.I had no other source of income.
Please suggest how to reduce tax burden with agriculture land.
Thanks in Advance
my query is relating to income tax deducted at source . suppose a company has deducted tax at source and failed to deposit in GOVT TREASURY BY 30 TH SEPT(BEING LAST DATE TO FILE I.TAX RETURN ?WILL ALL EXPENDITURE ON WHICH TDS HAS BEEN DEDUCTED BUT NOT DEPOSITED IN GOVT TRASURY WILL BE DISALLOWED? FURTHER
WHAT IS THE TIME LIMIT TO DEPOSIT TDS WHICH HAS BEEN DEDUCTED IN ORDER TO ALLOWABILITY?
IF IN A PARTICULAR QS-
FOR EG-
AN ENTERPRISE MANUFACTURES A SPECIAL PRODUCT "ZED" THE FOLOWING PARTICULARS HAVE BEEN GIVEN
MONTHLY DEMAND OF ZED -1000 UNITS
NORMAL USAGE 50000 UNITS PER WEEK
SO IN ORDER TO FIND OUT ANNUAL CONSUMPTION FOR CALCULATING EOQ WHAT WILL WE USE WHETHER MONTHLY DEMAND OR NORMAL USAGE ? THIS IS A GREAT CONFUSION AS IN THE STUDY MATERIAL-NORMAL USAGE HAS BEEN TAKEN WHILE IN THE SCANNER- MONTHLY DEMAND HAS BEEN CONSIDERED
a co. X Pvt. Ltd. is having its 3 undertakings one of petroleum, second for telecommunication and third fir It services. now the co. wants to segregate its It & petroleum undertakings by way of demerger to B and C pvt ltd respectively.
Consequently it will result a downfall in the book value of per share of X pvt ltd. Should it be deemed as Capital reduction??
if yes, then are there any legal consequences besides that of capital reduction.??
is Interest on loan is limited to 150000 in case of self occupied house property??
Can we claim the entire interst as deduction if we the house is let out?
Sir,
can i apply for CA final registration by using downloaded form & in whose favour draft has to be made.
pl provide me rate of stipend
also clarify if the article qualify the groups than if his stipend is to be increased
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Tax Treatment on Advance received from tenants