If the ownership of house is on name of wife and she is housewife and husband is paying all the EMI's. Can husband can claim the deductions prevailing to house property?
Answer nowOur business of courier agency
I want to purchase of bike, so can I get input credit on such bike.
Loan taken for personal purpose but the client have only one bank account ie business account the amount credited to business account how to show in books
Answer now1-We used one brand in 2009 namely KELVIN for all product selling .
2-All product we buy and sell in our above brand.
3-Is our concern is tranding or manufacturing as we used our logo KELVIN in all products.
4.Our sales in that period is above Rs.2.5 crores
5.So we must have Central Excise no or not because our sales is above 1.5 cr.
6.If we should have CE no , are we the dafaulter of Excise.
Please claerify the same.
regards
Pawan Gupta
kolkata
9433063416
If husband gift/transfer a property/land to his wife and than his wife sell this property nd acquire sales consideration in her bank a/c further she gives this amount to her husband as a loan.
queries.
1. capital gain taxable in hands of wife or husband.
2. can wife give sales consideration o husband as loan or gift or both.
3. if loan than interest given by husband to his wife clubbed or taxable in hands of wife.
Thanks
Dear Sir, I am Chandramoham Mishra. Currently, I am working with a CA firm FULL-TIME. I have to obtain Certificate of Practice (COP). As per clause 1 of part I of first schedule, A CA in practice can allow other CA who is in employment with him for obtaining COP. My queries are: 1) Can I obtain COP even though I am working full-time under a practicing CA firm? 2) As I am working full time, will there any obstacles or restriction on me? e.g. not to sign certain report or not to accept certain work 3) Any other disadvantages you want to suggest me. Kindly provide your answer / suggestion on above.
Answer nowHi all
A Dealer doing car dealer business ( Maruti Suzuki) , Please let us know how the TCS 1% to be charged ( if vehicle value is more than 10' Lacs.)
Ex Showroom price(if above 10'lacs) + TCS1% - offers-Discounts + GST) or
Ex Showroom price(if above 10'lacs) - offers - Discounts + GST
which of the above calculation is correct.
Thanks
Loganathan.M
As per section 9(1)(vii)(b) if the service is provided outside India for earning a income outside India.
Therefore to take that position both the twin conditions should be satisfied
(a) it should be rendered outside India
(b) it should be for earning a source of income outside India
Suppose if the Seller in India Exports goods to Europe. Indian Exporter stores goods in Warehouse to sell the same to Customer and paying rental charges and sorting , Inspection charges to the warehouse service provider.
Whether TDS on Sec 195 attracted for the above case?
Hi...,
I have checked there is manual demand created by AO on the traces Portal of Total Rs.3,33,300 for the For FY.2009-10, 2010-11 & 2012-13.
While i visited to the ITO Nirman Vihar, Delhi, found clarification from the AO that It was created u/s 272A(2)(K) which for delay furnishing of TDS return. although i have filed those TDS statement within the time prescribed on due date.
I have filed rectification u/s 154 dated January 30,2019, but AO is not considering my application stating that time(4 years) for rectification is expired.
Now what recourse/ remedy is available to rectify those mistake which are apparent from the record of the tax authorities.
Thanks
Your valuable suggestion will be highly appreciable
My company credited my TDS into the wrong PAN 11 yrs ago and now in the 26 AS form in TRACES the amt is not being reflected.The Govt has levied me more the 200 % as penalty.What is my recourse.
Answer now
Online GST Course - Master the Fundamentals of GST with Practical Insights
House loan Tax Treatment