Sir,
A and B two partners in partnership firm.if A partner retired from firm and B partner continue business proprietary firm.all assets and liabilities B received from firm book value based.
Question:
A partnership firm all assets and liabilities transferred to b partner capital gains tax applicable( firm pay)or not in it act.
E-way expired in Journey material for Himachal Pradesh stuck in Delhi
How to move the goods from Delhi to Himachal Pradesh, please guide
I want to clarity about exemption under 10 (10CC) of rent free accommodation vs deduction 80GG.
My employer give me rent free accommodation as perquisite & HRA.
How should I treat in ITR?
Can we claim purchase of layer birds in poultry for producing eggs as Revenue Expenditure or Capital Expenditure?. (normally span of production is 210 days, after that birds will be sold)
In case we purchased birds in the middle of the year then we need to claim expenditure on the basis of life of livestock?
I am facing blow error and suggestion while filing the ITR-2, Even after clicking on error could not understand it. May I request you to kindly extend your help.
Error Description
Sum of income u/s 111A or section 115AD(1)(ii)- Proviso (STCG on shares/equity oriented MF on which STT paid) & Pass Through Income in the nature of Short Term Capital Gain chargeable @ 15% in schedule SI should be equal to corresponding income as per schedule BFLA
Suggestion
Please verify and enter valid income in schedule
Case:
In a branch of a bank, there was a complaint lodged by one customer about the opening of the account without his consent. The concurrent audit came across the complaint and while enquiring with the branch, it came to know that the account was opened and closed in last year and the complaint was lodged in the subsequent year. Further, the complaint was forwarded to the legal dept of the bank and the reply was communicated to the customer. The customer never came back later. Also, there were not many transactions in that account.
The concurrent auditor, in his best judgement, assessed the risk of the incidence and was of the opinion that since the account is closed in the last year itself, there is no risk to the bank. Thus, he did not put it in his audit report.
Later, in the subsequent year, RBI audit officer pointed out that there was a complaint but it was not mentioned in the concurrent audit report. Does this amount to professional negligence? What would be the consequences on the auditor?
MY CLIENT AN EDUCATIONAL INSTITUTION WANT TO REMIT TO UK FOR ANNUAL MEMBERSHIP FEES OF GBP 1277.
WHETHER TDS WILL BE DEDUCTED U/S 195.
IF YES AT WHAT RATE
IF TAXABLE UNDER DTAA - AT WHAT RATE AND UNDER WHICH ARTICLE
CAN A MINOR BECAME MEMBER IN HUF
Read more at: https://www.caclubindia.com/experts/ask_query.asp
Sir,
A person new business strated dt:01-08-21
1.if a person capital investment in firm rs:8 lacs dt:2-07-21
2.purchase of furniture and others amount rs:3 lacs paid.dt:20-07-21
Question:
Assess above mentioned all transactions different dates or businesses starated day accounting entry passed in books is correct method.
Sir,
Client operating Silver trading retail business and having Deposits ₹2450697/- as per his bank statement.(excluding saving bank interest)
Client not maintain account books,
Gross receipts 2450697 *6%=147041.82...is it correct for updated in ITR with out books.
He paid health & life insurance in F. Y 2020-21
Paying Interest on home loan..
Pls give suggestion.
Treatment of immovable properties conversation partner ship to proprietary firm