Shop rent cover in house property.
If yes how to calculate

hey sir my brother is in USA Nd few years back invested the money in ppf Nd now he got citizenship in USA Nd ppf account matured so is it good to invest such money in india or convert such account to nro account ? or can extend the period or something better than this

i have applied for the pan card one month ago and now they are showing that " Income tax department database show that you may have been issued pan in your name. ITD yet to inform status of your PAN application. Please suggest me how to deal with this problem

Dear Experts,

Common Seal is mandatory for pvt ltd co.?

When will use this common seal by a pvt ltd co.?

Please advise.

Thank you.

Can Carried forward unabsorbed depreciation cannot be set off with
short term capital gains arised by sale of business assets,if so under what section of Act.

dear pls i file a return itr4 for the financial yr 2015_16 , but showing gross income as 400,000 and profit is 115600, but when file return, file as that we didnt maintain books of account and file the return accordingly like not showing pnl just file d return on total basis... so mu ques is that i file the wrong as selecting that "not maintain any books of accoint" so what are the consequences and wht should i do nw ??

In regards to Sec 54 of Income Tax Act, exemption is available if:
a) New Property purchased before 1 year / after 2 years of sale of property., or
b) Constructed withing 3 yrs from sale of property

My query is that, will the exemption be available if a property is constructed before 1 year of sale of property, as section specifies 'Purchase before 1 year'.

is registration mandatory for interstate transaction with annual turnover 10 lakhs (covered under threshold of 19 lakhs for registration)

Respected Experts,

We are private limited company. Can we pay Rs. 22,500/- against expenses of repairing & maint. of machinery in cash.

If we do the above. Which amount will be disallowed & except this any penalty will arise.

Kindly advise,

Regards,

Rakesh Kumar

Respected Experts,

We are Private Limited Company & regular file 24Q. Should we show the below salary details in 4th Qtr. as in previous 3 qtrs. we have not shown any details :-

1) In our concern 5-6 Employees take Gross salary 3.5 Lacs to 4.00 Lacs
2) They all have saving between 1.25 lac to 1.5 lac & their Net salary are below taxable limit.
3) No TDS has been deducted.
4) We have collected necessary saving proofs as well from the above employees.

Sir, should we show the above salary details in 24Q? If yes, should we show quarterly or in last quarter only.

If we don't need to show, what kind of record we have maintain of above employee i.e. any form etc.

Its my humble request, kindly guide me & resolve my queries as I have post this query earlier many times.

Regards,

Rakesh Sharma