In our company last year TDS on Salary showing opening credit balance Rs 493122 (F.Y 2016-17) and we deposited TDS on salary pertaining FY 2016-17 in April 2017 Rs 1207800/- Now we want pass entry in April 2017 differnce TDS on Salary in April What is the entry. Is their impact in for booking Previous year tds on salry in April. Please guide me

Thanks Advance

Dear Sir,

I'm an individual into construction business. My turnover is less than 2 crores. If I opt for 44AD, can i claim Housing Loan Interest u/s 24(b) paid towards self occupied house under Chapter IV C. What are eligible deductions under sec 44ad for an individual?

Thanks in advance.

Kalyan

SIR
IF ANY PERSON WHO HAVE STARTING TO FILE ITR FROM AY 2017-18 , HE HAVE NOT FILE ITR BEFORE THIS YEAR

HE HAVE DECLERED BUSINES INCOME ON PRUSPTIVE (8%) BASIS AND HAVE NOT AUDITED UNDER 44AB
HAVE AGRICULTURE INCOME ALSO SO HE CHOOSE ITR 3 FORM

HE HAVE AGE OF 40 YRS

AND HAVE 14 LAKH RUPEES ( IN FIXED ASSETS AND IN CASH )FROM HIS PAST MANY YEARS SAVING

SO QUSTION IS ARISE THAT

IS IT COMPULSORY TO FILL PART A - BS (BALENCE SHEET) OF ITR 3
TO DECLERE HIS CAPITAL OF RS. 14 LAKH
???????????????????????????????????????

Hi All,
If in one company 4 director(2 NRI/ 2 Indian) and 2 Indian director wants to resign from the company. can they resign normally or any other compliance required because after resign only 2 NRI directors would remain in company?

Dear Experts,
I Wrongly Made a IT Challan 280- [300-Assessment] Into Another Pan One Of My Client.Is That Amount Refundable ? What Is the Procedure To Refund The Amount. And How....Please Confirm.
Thank You.

An assessment order by the ITO/AO has been passed against my company for AY 2011-12 in the month of March 2014.
Is this order valid as the time limit for assessments under sec-144 is prescribed as 2 years / 21 months in sec-153(1) of IT Act?

Pls advise.

An assesee of 68years of age still continuing with the job. He has jointly with her daughter taken loan from a bank in the Year 2016-17. He himself is paying off all the loan amount however the amount is being transferred to his daughter account on monthly basis. Also the PAN shown in the loan statement is of his daughter as the primary hold, and he is just a secondary holder in the LOAN. My query is how much portion of the loan amount can be shown in his Chapter VI deduction?? Can he Claim for the entire loan amount repaid in his Deduction??

My friend had filed ITR - 4 Sugam for A.Y. 2017-18 and now he want to file return for A.Y. 2016-17 than which return is more convenient for filling please give me an answer ?

sir one of my client went to australia on study purpose and he earned some income there for ay 16-17 & ay 17-18.
He transferred those amounts to nro account.
i need how to show those transactions in computation of total income or whether they are taxable or not.

upto ay 15-16 he was in india.

I need your suggestion.

What is Degree of Financial Leverage?Please define it in a simple manner with the help of an example.