Income Tax QnA - Page No 2619

All Resolved Open

123456

26 September 2019 at 22:42

TAX ON SALE OF PROPERTY

Sir...one of my relative lives to US and wants to sell his property in India...i would like to know how much tax he needs to pay.. and also i want to know the procedure to calculate this tax. following are the property details:-

Date of purchase 2nd July 2010
purchase price : Rs.34,00,000
going to sell next month for Rs. 1 crore 42 lakhs

please let me know whats the tax he needs to pay and procedure to calculate. Thanks...

PREMKUMAR DODEJA

26 September 2019 at 21:06

TAX AUDIT AY 19-20

ANY CHANCES LEFT FOR EXTENSION OF DATE FOR SUBMISSION OF TAX AUDIT REPORTS AY 2019-20

TARIQUE RIZVI

26 September 2019 at 15:42

TAX AUDIT DUE DATE EXTENSION

Respected Sir/Madam

Any goods news ?

Whether will be extended ?

Please let me know and oblige.

sunil

26 September 2019 at 14:42

GRAUTITY & LEAVE ENCASHMENT

plz suggest accounting entry for leave encashment and GRAUTITY

nikhil bhudolia

26 September 2019 at 13:54

ITR

Dear All,

Can we E-Verify the ITR without Payment of Payable Tax Amount.

Thanks & Regards,
Nikhil

priya

26 September 2019 at 13:45

Best book for ca final dt (old syllabus)

PLZ HELP WHICH IS THE BEST BOOK FOR CA FINAL OLD SYLLABUS...FOR NOV 19 ...I WANT TO CLEAR THIS TYM ..PLZ HELP...

Gopalakrishnan. S

26 September 2019 at 13:17

Availing ITC

Sir,

In the month of Feb 2019, we have left out ITC pertaining to our purchases. We have not claimed them in the 3B till date. Can we claim it now, ie in our Sep 19 return.
Pls. advice.

Sandeep Jain

26 September 2019 at 10:09

Adjustment of provision

Dear Sir,

In march 2019 I have made provision of income tax Rs.11400/-
But actually paid 13600/- Please suggest how to adjust Rs.2200/- in books of account

Amandeep Singh

26 September 2019 at 10:06

Provision for income tax

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

CA Satyen Sharma

26 September 2019 at 10:02

Deductions for Domestic Company

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