Respected Sir/Madam,
PDF Files for suggested answers is not opening for all the attempts on ICAI website.
If anyone has Past 5 years of suggested answers for CA Final Group 1st, Please give me in pdf format.
I am having MS Office 2010 on my laptop.
Thanks
Respected Sir,
A partnership firm having trading business, Total TO Is 1780000/- and Profit Before Interest on Partners Capital and Remuneration to Partners Rs. 155000/- and Interest on Partners Capital Rs. 5160/- and Remuneration to Partners Rs. 145000/-. and Profit after Partners Remuneration and interest on Partners Capital Rs. 4840/-.
Now I am Asking is the Assessee have required to Audit u/s 44AD.
Kindly help us
Rajat
While paying late fee for filing GSTR 3B I paid the amount under 'PENALTY' (I once again paid under Late Fee and submitted the relavant GSTR 3B)
Kindly guide me as to how to get refund of amount wrongly paid under head 'PENALTY'
Periasamy Rajeswaran
+91 9442235649
Should I send the ID card by old employer with my new 103,please help.
On voluntary retirement fro bank in 2000, I invested the retirement benefits in my two daughters and in my wife's name in mutual funds,
The ITO ordered me to club the income out of the income from the investments made in my wife's name and pay the tax with interest. I did.
He also advised me to to file returns thereafter clubbing of my wife's income with mine as she is not having any source of independent income.
I file returns accordingly thereafter. Of late my wife is receiving notices that she has not filed IT returns. When informed that her income is clubbed with that of mine and IT returns submitted by me clubbing her income, ITO says that notice under Sec 143 issued and that she is file nil return at least to close the case. I did. Now he advises me to file IT returns separately in future. Please guide me as to how to proceed in future
Dear All,
We have got a few residential properties given on Leave & License basis. They all are on 2 names each.
We are planning to purchase a commercial property to give on Leave & License basis.
In case the commercial property does not cross Rs. 20 lakhs a year alone but counting the residential properties combined income does cross Rs. 20 lakhs in the year, will GST apply on the combined income or will the commercial rent be income be treated separately and have nothing to do with the residential income.
Also the properties are on 2 names each. Will the income as declared in income tax as 50% each party (name) be considered. E.g. If only from commercial income the rent is crossing Rs. 20 lakhs but divided in the 2 names and coming below Rs. 20 lakhs each, then will that be considered as GST not applicable or it will be considered as a whole for the first holder of the property.
Also if the first holder is a senior citizen 85 years of age, will there be any sort of relaxation in the GST if applicable as in the case of Income Tax.
Regards
Atish
Some CA and tax consultant say that if you withdraw cash more than 50 lakhs during the year from bank, I. T. department issue scrootiny for this
I am having Nil Return in July Period. I have filled GSTR 3B , GSTR 1 , GSTR 2 . but not able to file GSTR 3 . Please Help.
5 Days Passed from GSTR 2 Filling Date .
I am in the 20% tax bracket. I have some fixed deposits in my name only and I pay tax on the interest income from these deposits. I am unmarried and 50 years old.
My sister who is married has income from tuitions and trading in shares. She also has some fixed deposits in the same bank as me but in her name only. She is in the Nil or at the most 10% tax bracket. She pays tax on her income separately using her PAN.
I now want to convert most of my Fixed Deposits and Savings accounts to JOINT ACCOUNTS with my sister. I will be the Primary or First Account Holder and my sister will be the Second Joint Account Holder.
My question is:
1. Will there be any change in the way I and my sister have been paying taxes if I convert my deposits to Joint Accounts with me as the First Account Holder?
That is will there be some clubbing of income?
Or will I continue to pay tax on the income from my deposits alone as first account holder and my sister will continue to pay tax on her tuition, trading and income from deposits in her name only as we have been doing in previous years so far in the same way with no change?
2. Is it correct that the banks will deduct tax (TDS) ONLY in the name of the First or Primary Account Holder on the interest income from Joint Accounts?
Please note that I am bothered about the taxation angle only and not about any disadvantages of choosing joint accounts other than taxation.
Seeking an urgent response.
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I want my pancard copy