Dear Sir,

I have made a office cabinet through contractor and the value including labour charges amounted to Rs.25000/-. I have debited it to furniture account. Should i deduct tax when i make payment and if i dont will there be any disallowance.

Regards,
Priya

What is the accounting entry for discounting of bill?

Dear Sir/colleagues,

In one of my scrutiny assessment,assessee as around 4 lacs creditors which are not confirming say bogus (Purchase bills were fake) and likewise 3 lacs debtors (bogus)
(here also sales bill was fake).

What will be addition
4 lacs or 7 lacs or 1 lacs.My contention with A.O.is that addition should be 1 lac (net of creditors & debtors)

Kindly have your view

Regards
c.a.paresh zatakia

Dear Sir/colleagues,

In one of my scrutiny assessment,assessee as around 4 lacs creditors which are not confirming say bogus (Purchase bills were fake) and likewise 3 lacs debtors (bogus)
(here also sales bill was fake).

What will be addition
4 lacs or 7 lacs or 1 lacs.My contention with A.O.is that addition should be 1 lac (net of creditors & debtors)

Kindly have your view

Regards
c.a.paresh zatakia

Is the employer's contribution to Superannuation fund taxable for employee or is it exempted. If exempted, is there any limit of exemption

What about interest income credited every year on Superannuation fund a/c. Is it taxable. Secondly is there any limit on rate of interest (like 8.5% is for employee PF)

Any special provisions / tax treatment at time of receipt of fund on retirement / resignation etc

last date of return of individual in audited case..........

e-filing cumpulsory hai.........ya nai for individual jiske aic audited hone hai........ya turnover 40 lak se above hai...........

Hi!
Can any expert tell me the income tax ward no where it return of a business man residing siddaiah road, bangalore can be filed. or can i have a source of jurisdiction chart of it bangalore.
Thanks

I want an information regarding subsidies for cold storage as,
1.exemption and other benefits in tax
2.gov.subsidy
it is located in maharashtra

I want to form a HUF Pls guide with following details:
1) House Property reced. by my father from his parents.
2) want to make Karta to my father
3) is there any coparcener deed mandatory for formation of HUF?
4) I need Coparcenership deed formate ?
5) Any other formalities require to form HUF
6) is Documents related to formation need to submit before any authority?

Pls guide,

Abhishek

What does one mean by Statuary PF and how is it different from Recognized PF. Is Statuary PF A/c meant only for govt employees or even a non-govt company can open a Statuary PF a/c for its employees.


Suppose govt is contributing around 20% of employee's salary to STATUARY PF. Will that whole 20% contribution be non taxable for employee or only 12% be exempted and 8% be taxable.