1.Is receipt from sale of trees of spontaneous growth taxable or not??if yes,then under which head??
2.what will be the treatment of agriculture produce used for self consumption??
3.what is the treatment of 'interest on arrears of land revenue received from tenants' under income tax act??
my client is partnership firm of liquor business. As per terms of excise only individual is eligible for tender. but some time some people form partnership firm and decide that if any partner gets tender of liquor that will be treated tender of partnership firm .due to this clause all receipt and expenditure of liquor shop has been booked in partnership firm.But TDS is being deducted in individual capacity not in firn PAN.but return is filed in the name of partnership firm and credit of individua tds has been claimed in firm PAN .A.O. has denied to give credit of tds what should be done further!pl advice.
Manpower supply contract for supply of engineers will attract the TDS u/s 194 J or 194 C ?. All engineers are under direct control of principle employer, so company is also paying service tax @ 9.27%. pls advice.
I have a client finalisation to do. He has sold his self occupied property a flat which he sold during f.y. 12-13.
But before selling this property he had bought another property which is now self occupied by him.
I want to know how the tax will be charged. Whether on normal tax slab rate or any other percentage.
And whether there is any deduction he can get on the property sold.(capital gains)
The flat sold is purchased on 1/7/2000.
Can deduction be claimed if the new flat is purchased before old flat is sold?
dear sir
form 26as show of a medical professionals
income under sec 194J RS 48690 and sec 194C
7840. hence IN NATURE OF BUSINESS SCHUDULE
it need to be select two code for two types of income or not? please advice me thanks.......
Hi...
I like to know whether there is any specific format for filing stay application before CIT(A)??
I HAVE INCOME FROM PROFIT ON COMMIDITIES TWICE IN A YEAR DURING 2013-14 IN MY HUF FILE
OTHER INCOME ONLY FROM INTEREST RECD ON LOAN WITH SOME TDS DEDUCTED
WHICH FORM TO BE FILE IN MY CASE (ITR -2 OR ITR -4)????
PLEASE ADVICE
Clubbing Provision section 64(2) says that when a member of HUF transfers any of his property to HUF for inadequate Consideration, then the income arising from such property would be clubbed in the hands of the member who transferred the property and not in the hands of the HUF.
My question : if the property is transferred to HUF at a value equal to Stamp Duty Value, then would the clubbing provision be applicable or no ?
As Stamp Duty Value is not an inadequate Consideration, can this section be invoked is the doubt.
Please do clarify my above doubt.
Is audit mendatory for below 8% profit of gross receipt/turnover, if ITR 4S filed under 44AD. Regards Jitender
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Agriculture income