Hello, from personal file i have transfer some amount to my Wife's file & some to my Father for purchase a residential flat in joint name during last F.Y. 2015-16 (My Father & Wife) & i have shown this amount as loan (receivable from them) in my Balance sheet.
Can i able to show this entry as Giving Gift to both of them in F.Y. 2016-17? Although the cheque transection was made in F.Y. 2015-16
Regards
A is a propietor of XYZ firm. XYZ firm was previously a partnership firm but then converted into proprietorship firm. Now the cash transaction notice came on partnership firm PAN Number. Now how to reply this notice as the partnership is not in existence.
i did agreement in September for sale of rs 10L. At that time I received advance of 1L, rest payment was due on 30 Nov.
It was mentioned in agreement that default in payment on 30 Nov Will entitle the seller to forfiet earnest money of 1 L.
In Oct and Nov, received 1L each month but purchaser defaulted on 30 Nov.
In Dec, I sent the legal notice through advocate stating that I have received 3 L earnest money and pay the balance money within 15 days otherwise 3L will be forfieted and agreement will be cancelled.
No reply received from the purchaser till now.
Can I legally forfiet the 3L money and sell the property to another.
PLS ADVICE WHETHER INTEREST RECIEVED ON MACT CLAIM IS TAXABLE?
Can some1 help me with form 2. I dont want to go for practc.
help with with points11(b) to 19. what should i fill in these points.
Thanks in advance
A client has taken agri loan from Axis Bank and has taken insurance from MAX LIFE INSURANCE. Now if the client dies, becomes insolvent during loan period MAX LIFE INSURANCE will liable for remaining loan. For that client has paid a premium of Rs 11210. Is the amount deductible under IT Act?
Hi sir, How to know first name, middle name &last name on pan card. earlier income tax department use to provide the details , but now it is not providing the facility, I want to register on GST portal which require the above details . so kindly resolve the query.
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Depreciation on ecg machine