one of my client is a proprietor and tax audit is applicable to him. he has a propritory business and have personal interest income. he has prepared two balance sheets one for business and other for his personal income.
now my question is

1. wether all the income is clubbed for calculting tax audit limit i.e busineess income and his personal interest income.

2. wehther tds provision apllicable for hispersonal interest income and personal interest payment which he used for personal purpose.

3. if he audits his account as per section 44ad then what procedure to be followed.

reply fast its urgent

thank u

Dear Sir/ Madam,

I have query. I am availing tax exemption of Interest and principle of my home on property situated at Virar. I am not staying there. It is vacant. I am staying in Mumbai on rent.
Can I take benefit of HRA exemption as well as my home loan interest principle benefit?

Is it possible that two different companies deduct "TDS On Salary U/s 192" for the same time for same person ?

I would appreciate if you can ref any previous case law.

Thanks
Ravi Mehra

please koi mujhe industrial training ke life resume provide kra do?

Dear sir,

I want to ask that my a company hold some payment long time. He do not want to pay so please tell me that what i should to do for recover my payment

we have purchased some fans for our godwon but we dont want show it under fixed asstes so can we take input credit of vat if i take it under godwon expense???

Hello Friends,

Please find below my query

1) I had purchased property1 in nov year 2006 @ Rs.1000000
2) I later sold property1 in oct year 2011 @ Rs.28500000
3) With capital gain from property1 i purchased property2 in july year 2011 @ Rs.5681250. As it was long term gain i got tax benifit.
4) Due to some emergency withing 3 years i.e feb year 2014 i sold property2 and purchased property3 @ Rs4700000.

My question is how much of tax will i be charged and is there any way to save tax. I am getting confusing answers from various CAs i consulted.

Is it compulsory to file Quaterly Return even if no VAT is paid..?

Is interest received by a person upon several deposits held in the same name in the same bank accruing less than Rs 10000 as interest upon individual deposits?

Dear Expert,
If an assessee is buying and selling only Exempted goods..Shall he be eligible for VAT Registration even though his Turnover is over Rs 25Lacs..??

Pls Suggest.