I need some clarification regarding the following :
IF there is late payment of TDS and tht too without interest , shud the expense be disallowed ??
in what cases can VAT and PT be deposited quarterly instead of monthly ??
Under which section cash payment of more than ywenty thousand rupees is
disallowed?
When is debit and credit note issued and who gives to whom
Also when we give discount or receive discount what should we issue debit note or credit notes and why?
Is cash sales more than Rs. 20,000/- is allowed or not?
Specify with reason?
What is meaning of Black Money and why and for what it is used for?
Is doing cash payment of more than 20,000/- a day or per bill or receipt is disallowed?
If Yes please specify with reason?
What is the meaning of non corporate assessee?
Hello, I have sold my house within the 3 year time frame, hence it is a short term gain. I had taken a home loan for the same and had claimed the deduction of 150000.
If i am not wrong, in case the house is sold within 5 years, the interest deduction claimed will have to be reversed ? Is this correct ?
What section mentions this ?I am unable to find the same
In cash accounting system accounting is done on actual basis and vice versa in mercantile system?
But what does accounting on actual basisi means and explain mercantile system also?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Regarding TDS and VAT