Pawan Sharma
01 April 2024 at 14:38

Rental agreement in name of company

company having guest house on rent and agreement is between director and owner. can be book guest rent and expenses related to guest house, in name of company.


ADV Ramesh Tiwari
01 April 2024 at 14:10

Salary in family

Proprietor firm mein wife ko salary dikha sakte hain ?


Ashim kr Ray

Sir,

Bank manager transfer money from My CC account to current A/c without my knowledge.
Is it right, do bank manager has the power to do that.
Please advise.


B. vignesh
01 April 2024 at 13:17

Accidental death claim

An amount was received for accidental death from an Insurance company and such company deducted TDS under section 194A. So, my query is can I take exemption or deduction in respect of that tax amount deducted and if so, under which section of the income tax act can I claim?


Dharam Pal
07 August 2024 at 16:11

Work from home of accounts


My Income from Interest on FDR Rs. 5 Lakhs approx and Income Rs. 200000 capital Gain and 30000 annual from accounts work for fling of GST of GST Return etc please advise the amount of Rs 30000 may be shown in Salary Head in Income tax Return and file return in ITR-2 Dharam Pal Mob. No. 9810600330


Somnath

Dear All
Can we settle or treat 'unrecovered old advance from employees' as a normal revenue expenses ?
Income tax act will allow this type of expenses for tax computation or not ?

Regards

S Mallick


Dharam Pal
07 August 2024 at 16:11

INCOME TAX RETURN AND ITR FORM

Sir,
My Income from Interest on FDR Rs. 5 Laks approx. and Income Rs. 200000/- capital Gain and Rs.30000/- annual from accounts work for flling of GST of GST Return etc. please advise the amount of Rs.30000/- may be shown in Salary Head in Income tax Return and file return in ITR-2?
Thanks
Dharam Pal
Mob. No. 9810600330


Murari Bharuka

Dear Sir,

Can a new members who has complied all the provision of the purchase of flat eligible to be appointed as treasurer. Few people opinion that a person can't be appointment to any position till 2 years from the date of Enrollment. They mention that section 27 MCS is the provision governing this.

Regards,
Murari Bharuka


primecolonisers
01 April 2024 at 06:15

Regarding section 54 income tax act


I have an asset purchased on 1April2001. Now it has been sold this year i.e. in the pear 2023 in order to save tax i want to reinvest the amount in a new residential property( as per section 54).
My query is do i need to invest entire sales proceeds(net sales) or i can deduct cost of acquisition amount also taking into account inflation index.


Janardhan Torkad

Dear Experts,
I am a Salaried Person also running the TATA AIA agency. The TATA AIA deducted GST from my commission.
I don't have any GST registration.
Can I claim GST deducted by TATA AIA Insurance company while Income Tax Return?





CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query