Sir/Madam
I have one query regarding credit card transaction.
One of my friend in insurance business and he paid insurance premium via his own credit card and insurer are pay him or credited in credit card account.
How to treat this type of transaction, if income tax department demanded clarification about these transaction? It is valid transaction or not?
Is insurance premium receipt is valid documents as a proof to income tax dept.??
thanks in advance.
In the case of cooperative societies the deduction claimed U/s 80P(2)(a)(vi) is not allowed to be processed to be filed return of income for the AY 2021-22 when filed U/s 139(8A) shows error as " Caught Error description is null".is any solution for this issue?
Answer nowWE HAVE 3 EMPLOYEE( 2 OF THOSE ARE DIRECTORS) IN OUR PRIVATE LIMITED COMPANY, I PAYING 50K NET SALARY TO EACH
MY QUESTION IS:
1) CAN I PAY 50K SALARY TO EACH EMPLOYEE WITHOUT DEDUCT TDS BCZ FOR 7L SALARY NO TAX AFTER TAX REBATE RIGHT?
2) CAN I PAY SALARY WITHOUT PF ONLY 3 EMPLOYEE ON THAT 2 OF THOSE ARE DIRECTORS RIGHT?
Sir, one of my client has received commission which is other than receipts shown in a proprietary Firm registered in different state in GST. Whether the said personal commission receipt is also liable to be shown in above firm and accordingly GST to be paid ?
Answer nowSir, We have missed payments for Sep-2023 but now after 15th November portal is not allowing us to pay or make challan in monthly contribution.
Answer nowI tried a many times by loging in esic portal of employee but after login in red color some notification will be i getting and i tried a many times to skip that notification but i am not able to skip it. Is there any ways to skip that notification. Guide me!
Answer nowMr. A has purchased goods from SEZ. ITC of such goods is not reflecting in 2B and 8A. Whether he is eligible to claim ITC of such goods?
Answer nowwhere may come nigative figure in Profit and loss account and balance sheet.
Who should sign the Board Resolution for accepting the resignation of all the directors (incl Authorised Director)?
Answer nowWhat are the Income Tax Implications if the plot of land is owned by the Husband and commercial building/shop is constructed by his wife from her own funds? The Land is situated in Karnataka.
Property Registration Queries
A) Is the separate registration required for the building (under The Karnataka Registration Act, 1961), the purpose of the building is commercial shop and to fetch rental income?
B) What type of documentation is required to have legal and separate ownership of Land and Building of commercial property?
All Subjects Combo (Regular Batch) Jan & May 26
CC Transactions