I'm opening a online retail store in Kolkata. its proprietorship firm. basically we are planning to deal with footwear,saris,readymade garments etc. we have some interstate seller also from whom we are going to purchase our product. we have some seller of west Bengal also where we sell their product on commission basis. hence please suggest me that which are the legal thing we need to do before start. please advice.

I have received cash gift from my brother in law of Rs. 2 lakh in Feb 2014. Whether any documentary requirement for this transaction???? I have no document for this transaction..???
If any document required then what documents & can i prepare this document now a days...???

I have earned a profit of Rs. 2.50 lacs through mcx commodity trading by trading in futures. Without taking delivery. My salary income also more than 8 lacs. Please tell me in which head of income tax I have to file the return for commodity trading and which itr form I have to use. Thanks

as per 194 C subsection 6 whether TDS deduction or Not.
My question Is

Transport charges -==50,000
Loading and unloading charges=2000
GR=500
out of pocket exp. =2000
Total amount=54,500
whether deduction shall be made or not and deduction shall be made then which amount.

Hi,

We have an online store, we are also a seller on snapdeal.com with our firm registered in AndhraPradesh(Now Telangana), I have a question for which I haven't found clear answer on internet, one of my friends suggested this platform and here I am looking for help from experts.

We do local purchases in Telangana state, hence pay the VAT. We sells watches (which incurs 14.5% vat). Now the real question is when a order is placed on our online store from a customer residing out of Telangana i.e from other state then do we need to pay CST also, or just VAT filing is enough? An answer with a example would really help me a lot.

Thanks in advance :-)

A PERSON IS 63 YEARS OLD,HAVING TAX LIABILITY OF 40000RS. HE HAS NOT PAID ADVANCE TAX IN FY 2013-2014, HOW MUCH INTEREST IS TO BE PAID BY HIM?
WHETHER 234B OR 234C IS APPLICABLE. PLEASE GIVE ME CALCULATION OF INTEREST?

I have a Net Total Income of Rs 530000 (for fy 2014-15 and not ay 2014-15) in one of my client's portfolio.So from Rs 500000 onwards the 20% Tax rate kicks off.He wants to pay a donation of Rs 50000, which infact will result in Tax Benefit of Rs 5000 (50% of Rs 50000 i.e. Rs 25000 and 20% of Rs 25000). Now after reading Sec 80 G it also states that for computing qualifying limit we should also deduct exempt income from the Net Total Income. My Client has a PPF Exempt Interest of Rs 14000 (approx).So will this Rs 14000 be deducted from the Rs 530000 as mentioned above.If it is so then Qualifying Limit for Donation looks like Rs 530000 - Rs 14000 = Rs 516000 and 10% of that is Rs 51600. Am I correct ?? An urgent reply is needed from your side.With Regards, Preeti Gupta.

I have forgot my income tax id and password. To file income tax return, it is compulsory to have income tax id and password. I don't have acknowledgement No. to use the option of forgot password. Please advise what to do?? It is urgent because 31st July is near. I am an individual having Ordinary resident as residential status. Reply at the earliest...

when i Export data from tally fig comes with "Dr" or "Cr".
i want remove "Dr" "Cr" and convert the fig in Positive or Negative. How can i do it...?

In A.Y.2013, I had given some amount to my wife for investment, but she did not invest & just kept in Bank FD & earned some interest. She is a housewife & has no income. Before the year end she gave me back the whole amount.

Now, in my IT return along with my income, I had added the income received by my wife as bank interest in my income, but I have not done any bifurcation that this is my income & this is my wife's income, but I had showed honestly what income I had received. I did not have any tax liability to pay.

I have not hidden anything. Now my A.Y.2013 ITR is not processed yet. It just shows as ITR received. It's 12 months now & not processed.

Could this be reason for delay in processing?

Please let me know in detail. Thank you.