AKIB JAVED MANSURI

A asesssee receive rent on plant and machinery how to disclose his incone wheather other source or bussiness and profession


Arvind sharma
18 April 2017 at 17:21

Advance tax

A partnership firm whose profit as per books of account is different from profit as per Income Tax Act. So in this case calculation and depositing of advance tax will be as per books of account or as per income tax act.
However firm wish to deposit advance tax as per income tax act because there is low liab. of income tax as compare to books of accounts
Please suggest


PRASHANT
18 April 2017 at 17:13

VIOLATION OF SECTION 269ST?

Hello everyone…….Mr.A sold goods of Rs. 3 lakh to Mr.B on 10/04/2017……there is only single bill of Rs.3 lakh made by Mr.A….Mr.B gave cheque of Rs.1,80,000/- to Mr.A and deposited remaining amount Rs. 1,20,000/- in the account of Mr.A against above transaction…….is this violation of section 269ST?.......your replies are highly appreciated….thanks in advance….


ramaiah Jonnalagadda

it is mandatory to file tax audit assessees to file AIR under section 285BA of Income tax act 1961 for the A.Y2017-18 before 31-05-2017.


Basavaraj I Hebbal
18 April 2017 at 16:34

Tds on rent

I have a case study for discussion. ABC company has taken premises on rent from XYZ landlord. ABC company initially was using the second floor only, the rent was Rs.14000 pm only. Now ABC company expanding its business and took the part of the third floor for Rs.7000 pm rent. Landlord requested to have lease agreement with his wife name for third floor portion.

Please help, how ABC company should proceed?


M.G CHARY

Dear sir please suggest me
the date on which director appointed be treated as attended for that meeting
what is the effective date for the purpose of counting attendance to particular director


R Chadha
18 April 2017 at 14:32

Long term capital gains

1. For an apartment bought from a builder with payment in instalments, when does the apartment become a capital asset. I have been told it becomes one from the date of issue of the allotment letter by the builder, and the period for it to become a long term capital asset is calculated from this date.
Is this correct?

2. If so, how is the indexed cost calculated? The instalments are paid over a long period of time.
Please advise in detail
Thank you
R Chadha


arpit
18 April 2017 at 14:27

audit & auditors

i want to ask that section-139(1) says that that auditor appointment is ratify by members in gm every year but what if not ratified then he continue or not...


Gurwinder Singh
18 April 2017 at 14:25

Taxable allowances

I am working in a manufacturing private limited co.
our company has 2 salesmen
we proved conveyance charges to salesmen to visit shops, dealer, retailers to supply our products

my question is
conveyance charges is exempted or taxable
amount of conveyance charges is 9500 to 10000 per month

kindly help me



Anonymous
18 April 2017 at 13:03

Income tax return filing

Sir,

Can i file Income Tax return for the financial Year 2014-15 now?
Please reply fast





CCI Pro
Follow us


Answer Query