Expenses incurred for repair of concrete road to pevar within the Petrol Pump are of capital or Revenue nature??
we get transport facility from several transporter all having more than 10 vehicles but its bill amount not more than 30k and aggregated 75k than we are liable to deduct TDS from his bill amount. plz calrify .
and what if they have less than 10 vehicle.
Thanks
Please respond :
1.the complete payment to a vendor is made against which invoice?
2.when the advance payment is being released to the vendor?
3.when tax is being received - after complete payment has been made or before making complete payment?
Assessee is a salaried individual who is also involved in share trading. He has accumulated losses in intra day trading (speculation) as well as short term capital gains. Please guide on the following
Which ITR form he has to file?
How can he claim speculative loss in return if he is not maintaining books of accounts?
For how many years the loss be carried forward?
Whether tax audit needs to be done for claiming losses if turnover does not exceed 2 crores
Thanks
Dear Sir,
I am filing a return of December 2018 and want to claim input tax credit of January 2019. The date of filing of December 2018 return is 8th February, 2019. I have the credit of January month at this date. My question is whether such credit is allowed taking into consideration the above dates.
Regards,
Divyesh Jain
DEAR SIR,
ONE MY CLIENT IS SALARY EMPLOYEE, HIS INVESTMENT LIC-77268, KGID-38640, GIS-2880, TUTION FEE-45000 TOTAL U/S 80C= 163788 QUALIFYING U/S 80C =150000/-,
MY QUESTION IS HE PAYING 68793 TOWARDS NPS THIS IS FROM HIS SALARY DEDUCTIONS, U/S SECTION 80CCD (1), 80CCD(2), 80CCD 1(B), HOW MUCH HE CAN CLAIM OVER ALL SECTIONS. HIS EMPLOYER ALSO PAYING SAME AMOUNT OF 68793/ EQUAL. MY DOUBT IS CAN CLAIM INVESTMENTS AS FOLLOWS
U/S 80C 150000
U/S 80CCD 1= 50000
U/S 80CCD 1B= 68793= 268793 IS IT CORRECT CALCULATION BECAUSE HE IS GOVT MEDICAL OFFICER
PLEASE CLARIFY ME HOW MUCH I CAN SHOW FILING INCOME TAX RETURNS. WEATHER OVER ALL TOTAL DEDUCTIONS U/S 80C =150000 AND ADDITIONAL BENEFIT 50000= TOTAL 200000/- WHICH IS CORRECT.
REGARDS
Mr. X is a retail trader with a turnover of Rs. 10.00 lakhs and also having commission income of Rs. 5.00 laksh. TDS is deducted on commission income. He wants to show profit @ 8% for retial trade ( 8% of Rs. 10 lakhs ) and wants to show income from commission busines as Rs. 3.50 Lakhs ( Commission income Rs. 5.00 lakhs less expenditure Rs. 1.50 lakhs). How to fill in ITR
i have file return GSTR3B for month NOVEMBER wherein i have showed ITC is zero but later one bill of material purchased i got late, wherein GST was paid by me. now return has filed with ITC showed Zero . Now how to take this ITC benefit in december return or further. pls explain me in depth. thanks
A pvt company named X supplies goods to a pvt company named Y
Mr.B is a director in the company Y
Mr.B is also the statutory auditor of company X
Can Mr.B is disqualified from acting as the auditor of Company X
How much % is applicable on News Purchases from individuals (Like freelance journalists)
How much slab is applicable and under what section it comes, Please explain
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GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Capital or revenue expenditure