SIR/ MADAM , IS ANY TAXPAYER IS TAKING A GOLD LOAN , THEN IS IT TO NEED TO SHOW THE GOLD VALUE AS ASSET IN BALANCE SHEET?
If Order of ITAT has been issued and Case is Remand back to CIT(A)
So now we have to file appeal against CIT(A) again?
Private Limited Company - Holds fund in LIC for Gratuity and have actuary consultant as well. Now the situation, the present obligation amount payable under LIC & Present obligation amount as per actuary consultants report are not matching.. huge variance.
is there any way to reconcile that.. we are able to match only the fair value of assets between LIC & Actuary consultants report.
Kindly help its very urgent. Thanks in advance
Banks in India do not consider debtor more than 180 days as current assets. What may be the reason. ?
I am Government civil contractor. In F Y 2023-2024 my turnover i.e contract receipts is Rs 6 cr. Total receipts is received through other than cash mode. Also i have to declared profit at 6% of total contract receipts. I have not filed my ITR before 31 july 2024. I have some query :
1) can i file now my ITR U/S 44AD with declared profit 6 % ?? Income Tax Audit is compulsory or nor ??
2) If I file my ITR u/s 44AD with declared profit 6 % then MSME new provision i.e 15 day or 45 days payment rule will be applicable for sundry creditors or not ????
How are allowances such as House Rent Allowance (HRA), Sumptuary Allowance and Compensatory Allowance to Honourable Judges of High Court judges, previously exempt under the Income Tax Act, treated under the new tax regime?
Is there any specific notification or circular issued by CBDT regarding the treatment of these allowances under the new tax regime? If yes, please provide a copy.
Suppose if i purchase good on 1095 ( including gst ) and i can sale that on 1140 (including gst) but my buyer allow me to sale it on 1110 and 30 rs he will reimburse me . The item is taxable at 12%. Then this incentive is taxable at 12% or 18% and how will i show it in gstr . Which hsn should i put and also let me which qty i need to put along with hsn
Dear Sir,
We have sold a land for that we have deposited one time lease with UIT can we consider it as cost of improvement for calculating Capital Gain For Ay 2024-25
Interest income generated from Foreign contribution (FCRA a/c) is treated as deemed foreign contribution. It is merely an income but not a voluntary contribution. if it is so, in which clause it should be reported in form 10B. No, specific clause found for me. Is it required to disclose such income in form 10B.
FIRST BILL RS. 20633 TDS NOT APPLIBALE AS LIMIT IS 30000 UNDER SECTION 194C
SECOND BILL RS. 50000 THAN TDS APPLICABLE UNDER SECTION 194C
QUESTION IS TDS WILL BE DEDUCTIBLE ON SECOND BILL OR BOTH BILL AT THE TIME OF ISSUE OF SECOND BILL ??
If Any Taxpayer Is Taking A Gold Loan,Then Is It To Need To Show The Gold Value As Asset?