Hello all,Pls somebody clarify my doubt.We have a client who had a loss in options trading of Rs. 44000. He had just traded once.So in ITR-4 while filing the warning appears as " Net Profit cant be negative in No accounts case".So does it mean that Sec 44AD applies and audit had to conducted and books of accounts to be maintained if net profit less than 8?My question is now how to deal with the warning?Thanks.;)
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hi,
we are a private limited company as we are a computer training center provide Computer courses like SAS,etc.my question is supposed we purchased Books ( Coursware/Royalty ) and the party not leavy VAT and CST et. on it.can tds would be deducted on that if so then what would be rate and in which section please explain and also provide notification in ragarding that...
My son is 17 now and will be major by next July (2016). Can I invest money in FDs in his name now for a period of 1 year and avoid tax on interest inocme by way of filing tax return for the FY 2016-17 (ay 2017-18) in my son's name?
Answer nowI have a salary income of Rs. 234000 and commission in income of Rs. 52000 and TDS deducted Rs. 5200 on it, now my question i want to file ITR4 or any other and if ITR 4 then how much % of expenses i claimed in column where no boks of accounts maintained.
Answer nowHello...
I have query regarding applicability of Service Tax and Excise on Embroidery Work done on Computerised Machine...
If any person engaged in Embroidery work which is done on computerised Machine for that sometimes Client will provide specification along with material and sometimes Client select from sample which was provided to client and than place order.
So i would Like to know the applicability of Service tax Law and Excise Law.
An order u/s 143(3) for A Y 2008-09 was passed by Income Tax Officer by adding "Sundry Debtors w/off amount". Refund was granted by ITO after the addition of above amount.
The assessee preferred appeal against the above order and the matter is pending with CIT (Appeals).
Now if the assessee withdraws the appeal what will be the consequences ?
As per Section 139(4A), If the total income of charitable trust (Without claiming exemption under sec. 11,12 and 13A) exceeds the maximum amount not chargeable to tax, then submission of return by the trust is essential.
Query:
My query is in above section, total income means what?
Is it after deduction of Application of money for the purpose of Charity in India?
Or only the amount of total receipt?
I want to incorporate a company by filing a single form i.c.inc29 how much cost it will incurred and how many days it will take kindly let me know.
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Dear Sir/madam,
I have applied for Revalidation on 29/06/2015 of my IPC Registration (expiring on 15/08/2015)but still no response of WIRC uptill now.My result of May 2015 was 146 for Gr-II and need to appear in NOV 2015.
which date to enter in Revalidation Date field in online form.
PLEASE PROVIDE SOME HELP.Thank You !
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