CA Sadique
16 December 2016 at 00:13

purchase of movable property

i have filed return of income on 5-8-2016 for ay 2016-17 u/s sec 44ad by showing tuition income and paid tax of rs 200, at that time my bank bal was 110000 currently my bank bal is 165000 now my brother wants purchase a movable property ( tempo) (tata ace)(chota haathi) from my bank account as we have no cash due to demonetisation what things i must ensure before making payment for property fron my bank account? pls guide me


Sanni Wadhwani

Dear Sir/Mam,
I want to establish my manufacturing unit of leggings, school uniforms and other readymade garments.
I have some queries regarding this

1.Which is more benificial whether to go for a partnership firm or a proprietorship along with its consequences?
2. MP Vat rate applicable on leggings?
3. Threshold limit of taking a tin registration under mp vat.?
Pls. resolve my queries as soon as possible.
Thanking you,
Sanni Wadhwani,


CA DHARMENDER KUMAR
15 December 2016 at 23:03

section 44AD

Dear experts Plz solve my query 1. if mr A has franchisees of DTDC courier agency and he engage in providing such courier service, can mr. A claim section 44AD and file return In ITR 4S. 2. what is meaning of agency service given is section 44AD. Please reply as soon as possible Thanks with regards Dharam Kr


surajit
15 December 2016 at 22:36

Government employee

An employee employed in a Govt Sponsor College ( Govt. Aided College ), can we say that he/she is a GOVT EMPLOYEE ? this information particularly require for GRATUITY calculation , due to if he/she will come under Govt Employee then Retirement Gratuity fully exempt otherwise taxable, kindly reply with solution.


Deviprasad
15 December 2016 at 21:57

Commissions tax

I am a service dealer for Hero two wheeler.i sell the vehicles of my main dealer.he gives incentive or commission for me very quarter by paying tds tax in194h.All sale is show in his books I am not all consider for the sale.finally what i want to know at the end of year how much tax I must pay to the INcome tax dept if I am in 30slab.Ex:-if get 1000000/- in the name of commissions


chandan
15 December 2016 at 21:05

Income Tax Demand

I had paid Rs. 960 as income tax in F.Y 2014-15.few months back I received a demand notice for 980 from income tax department. I don't understand whay the department has issued such notice to me?? kindly help



Anonymous
15 December 2016 at 20:17

Tds

Sir
Kindly suggest that for Govt employee, if medical expense is incurred by the employer say organization and since this medical reimbursement is 100% tax exempted under section 17(2) then should the Govt employee has to show in income first and then as exempted income or need not to show ? kindly guide.
Thanks in advance



Anonymous
15 December 2016 at 19:57

Soft copies of the bills

Can i present soft copies of Telephone and Internet bills,Electricity bills etc during tax audit;
Whether i need to keep print out of the soft copies of the mentioned bills along with payment voucher?.



Anonymous

Schedule AL Asset and Liability at the end of the year (other than those included in Part A – BS of the return of the Firm in which partner) (Applicable in a case where total income exceeds Rs. 50 lakh) IN ITR 4 OR ITR 3 IN LAST PAGE WHAT WAS THE MEANING FOR THE ABOVE ANY ONE EXPLAIN PLEASE total income exceeds means for that particular F.Y or what ?



Anonymous
15 December 2016 at 19:50

Income tax on interest on pf a/c

Dear All

My father is just retired from Indian oil. During his service period interest on his pf a/c was exempt. But now he has option. he can withdraw all his pf amount from his account or he can leave it there.

As he is not employee of Indian oil now whether interest on his pf account is taxable or not

thanks in advance






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