Hello experts!
My wife's bank has deposited TDS for fixed deposits in her name. However since she has no other means of income I wanted to get the refund via. ITR-1.
In ITR-1 what category of employer should I select for her?
Thanks!
Arvind.
My company is into imports. I want to open a foreign branch wherein all sales will be done from this foreign branch and purchases will be made from indian head office. Is this possible? How do I transfer goods to the branch for issuing sales invoices or should the indian head office sell the goods to branch by endorsing the bl and then issue sales invoices from foreign branch.
sir, if I have taken a property on rent which is jointly owned by two individual persons. total rent of property is more than 1.8 lacs annually. but if it will calculate in individual hand than it will be lower than 1.8 lacs. now am I liable to deduct tax u/s 194i or not.
experts plz let me know, if anyone has very large sum of black money then how to convert the same into white money.
please provide full details for provisions of sec 194LA and 194J ba).
Please clear a doubt about rate of TDS u/s 194c applicable on proprietorship firm be considered as an indivisual - 1 % or other - 2%. also provide a link to get more for clarification.
Turn Over 20 lakh
Profit declared 1.5 lakh
Is he liable to maintain the books or not ?
even if he opt for 44AD he is not required to maintain the books, as profit is not more than basic exemption slab
but as profit is less than 8% so would it be said that he is now not using 44AD ans if he is not using 44AD mean he is required to maintain books as per 44AA
i have missed 3 attempts of ipcc after giving 5 attempts.. i want to know if i have to take readmission for giving another attempt
Is it necessary to claim 44AD if turn over is less than 1 crore or an asseessee can claim profit as computed on the basis of books of accounts maintained by him even if profit is less than 8% of turn over as shown by books of accounts
Eg-turn over 50 lakh
profit 3 lakh
and accounts has been maintained by assessee so can he claim profit to be 3 lakh and not use 44AD and as he is not using 44AD conditions of 44AD of audit of a/cs if profit declared is less than 8% then accounts to be audited shall not be voilated too. So can he show profit of 3 lakh with out audit being done
Sir 1plot I sold in jun/14 on44lacs wich is Purchase in May 2004 in 2.20lacs.I already purchase 1 Res.house on 80% on my name &20% Wife name with Hosing Lone for tax benifit for both of us in jan2012.
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption
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