1. Residential status is not coming properly in print preview copy even if it was selected Residential in individual's return. it is coming as Residential HUF.
2. Bank selected for refund, but in print preview, it is still coming as unticked.
should I proceeds or how do I correct it.
Sir/Ma'm,
I am.plannong to invest about 31 lacs in an ebike startup for ownership of 30 e bikes which the company will put on rent for b2c and Bob with assures returns for a period of 4 years.At end of 4 years the company will buy back the ebikes.I am a regular salaried employee with a annual income of about 12 lakh pa(gross).Please advise best way to save tax on my e bike income for next 4 years (Projected income 1.45 lacs pm for 4 years).Should I start own llp and register these ebikes on the company or buy on my own personal name.I have personal home loan loan of 68 lacs & paying 83k pm emi .Please suggest different options for best tax saving .Thanks in advance .
If a person receives money from bank as a nominee from relative(not legal heir) and then transfer the same to legal heir . What is the tax liability on that person?
Hi Member,
I want to know, where to disclose NPS amount under Assets ? We claim deduction under 80C but as this is an investment thus how to show it under Assets ? There are option like Jewelleries, Archaeology, Vehicle, and other financial assets. And under other financial assets there are option are Bank, share & Securities, insurance policies, loan & advances, cash in hand etc.
As per me it should be under Shares & Securities. Please guide...
Please explain the accouting treatment of bad debts recovered under expected credit loss method as per Ind AS 109 and the presentation & disclosures in the financials with appropriate references.
Thank You
Kiran
Some material of opening stock items want to use for office and require to transfer into fixed assets. How the entry made in tally prime to transfer these stock items into fixed assets. Stock journal transfers only stock item to item. How to transfer stock item in asset ledger.
Hi sir,
Please let me know which challan to be used, under which head and nature of payment for settling the TDS related dispute u/s 234E.
Thank you in advance
IF SOMEONE HAVE CARRY FORWARD LOSSES IN HIS RETURN BUT IN CURRENT YEAR HE WANTS TO SET-OFF PARTIAL LOSSES AND DECLARE SOME INCOME.
IS IT POSSIBLE TO DECLARE INCOME WITH HAVING CARRY FORWARD LOSSES.
AND CONTINUE CARRY FORWARD LOSSES.
while filing ITR 2 for A Y 21-22 from new portal Details of assets and liabilities need to be given when income is above Rs.50 Lakhs
However the form asks for details of immoveable assets even if they are Nil. It asks for the details and in case not entered it gives error
My question is how to fill this schedule when immoveable assets are nil
Hi Fellow mates,
Can anyone guide me on issue - Listing Fees paid to retail stores like D mart, Big bazaar, etc for sale of goods falls under which section for TDS deduction?
Thanks in advance
Error in efiling FY 2020-21