Dear Sir,

We are proprietor ship firm. We need to do income tax provision in books of account. we already paid Rs.32000/- as a advance tax.
Please suggest below entry is correct or wrong.
Vinod Kumar Dr. Capital account. Rs.43100/-
Provision for income tax Rs .43100/- Cr. Current Liabilities

Provision for income tax Dr. Rs. 32000/-
Advance income tax Cr.32000/-

Please suggest or provide your feed back
Thank you

Hi.

A domestic company has the sole income of interest from FD / savings account.

Whether any expenses like professional fees, Misc exp, bank charges etc can be availed as deduction in computing the total income of the domestic company.

Please advice

Thanks in advance

Dear sir,
There were two electricity security deposit given by company but the previous accountant did not make one deposit entry in the tally. It has been over 10 years . We have found this year that one deposit is not posted in the tally.my question is what should I make entry this financial year?

Regards
Sadhan

I received a letter u/s 142(1) for A.Y 2017-18 for a Partnership Firm. on the Letter the A.O telling me to submit my return immediately. but i cant find any option to upload the income tax return. I only find to attach various documents like balance sheet, profit and loss account etc. But i want to upload the Return. Please help me to solve the problem. I have only 2 days left for the reply.

Any progress in extension of due date tax audit return for AY 2019-20

Transfer of property between trust registered under 12A is made without consideration.what is the impact of income tax? If such transfer is exempted how to show in the income tax return?

My father was a prop. of a firm and he died on 23-03-2019 due to sudden heart failure. I registered my self as a successor prop. of the said firm. Now department is asking to pay tax on Stock available on 31-03-2019. I said to department that it is transfer of ownership and my father had not sold the goods to me. And I am regularly doing the business in said firm as present prop. and using same stock to manufacturing the goods.


However, the GST department contented that you should support your explanations etc. with some rules and regulations of GST. So, that we can believe that you are correct and we are not. Kindly help me in this matter. Thanks in Advance.

Hi, We are purchasing Domain from godaddy also renewal of domain. whether we are require to deduct tds? than under which sec & tds rate. Also we are require to file 15 CA form ?

Dear Sir,
We were declared & paid dividend on 31.03.2018, but yet not pay the DDT. So please help me to know how much will be the late fee for delay in paying DDT.

Dear Sir/Mam,

I am purchasing a property, on which we are 4 co-owner of this property. i have a query that when i fill form 26QB it ask in payment info "total value of consideration of property", so what amount to be write there. As the total value of property Rs.1,80,00,000.00 and we four have equally share. and individual person is liable to deduct Rs.45,000.00 of tds. please tell me what will be i write 1,80,00,000.00 or 45,00,000.00