WE HAVE A CUSTOMER BY NAME.. PAWAN KUMAR VIG. HE HAS OPENED AN ACCOUNT IN THE NAME OF NAKUL TEXTILES PROPRIETOR PAWAN KUMAR VIG (HUF). NOW I WANT TO KNOW WHETHER THE PAN CARD SHOULD BE IN THE NAME OF PAWAN KUMAR VIG HUF OR NAKUL TEXTLES HUF???

an assessee has got amount from government on behalf of job of his father, as assessee was not able to go to duty due to physical disability.

is the amount taxable ?

Dear Sir,
The loan for acquiring house property has been obtained during FY 2012-13. The possession for the same has been received in June 2016.
How much interest is allowed to be deducted for calculation of "Income of House Property" u/s 24(b). The property is self occupied.
Kindly guide. The issue is urgent.
Thanks in advance.

Hi,

As per Payment of Wages Act.(amendment 2017 ) no salary will be payable in cash.
So if company making payment as a LOAN (ADV SALARY ) to it's employee , then is it possible to paid in cash or cheque ?

Please reply soon.
Regards
Ajoy

Hello,

I am working in Dubai since last one year. I have no other income in India but I do hold a resident account in India which I use to transfer some money from Dubai for family expenses.

Do I need to submit any income tax form to IT dept??

Please advise.

Thanks.

Dear Sir

I want to know when the limited companies are required to get their accounts audited under income tax act .i.e the tax audit is done.

Also please suggest that if there is company Pvt Ltd. engaged in hotel business whose food sale turnover is less than Rs. 1 crore and Room rent receipts are more than Rs. 25 Lac but there is net loss of the company then whether the tax audit applies or not????

Thanks & Regards
Ravi Manocha

if a person is getting a joining bonus of 40 lacs (as the employer cant pay back dated salary ) can it be considered.
and get salaryonly for 3 months as 18 lacs. total 58 lacs for fy 16-17

sir, I have a doubt regarding any limit for cs for signing annual returns. like ca for audits because in co.act 2013 we have not seen any provisions for cs pls giv me reply asap thanks in advance.

The return for A.Y. 15-16 needs to be filed again as ITR -V was not sent. Now, while preparing the return i will have to choose the category as 'Original' or Revised'??

One of our client has neither deducted nor paid the TDS from past 1 year and now they want to pay the TDS. Kindly let me know what are the consequences for the same and whether we have to charge interest at the rate of 12% or 18%.