A partnership firm has two source of income, interest on loans advanced and commission for helping procuring loans to clients.

What would be tax treatment for such Firms??
Whether normal deduction in respect of salary and interest to partners u/s. 40(b) shall be allowed??

Respected Experts,
An employee got the following amount after resigned :-
1) Salary : 20250/-
2) Gratuity : 101250/- (for 6 years)
3) Leave encashment : 18680 (Balance EL)
4) PF share of Employer during the f.y. : 18900/-

Should amount of Sr. no. 2, 3 & 4 added in salary component while filling ITR for a.y. 2018-19? How & where I show the above received amount? If these figures are exempt either I show in ITR or not.

Please Experts, its my humble request, I am very confused, Pleaseeeeeeeeeeeee help me.

Rakesh Sharma

Hi

I would like to know the depreciation rate as per income tax act for Show case racks in show room

my father income is 700000.his Age 69,i have invest 150000 in 80c. benefit of 10tta is 10000.no other benefit. so calculate my father Tex in year 2016-17

Whether Minor can be directior in pvt ltd a pvt ltd company can be incorporated with 3 major director and 2 minor director

How can I import sales data from excel to tally ?

How can I import petty cash data from excel to tally ?

I wish to have cloud base application ?

If anybody come across solution for this please revert.

dear sir whether may clients has open firm or company whether tds applicable to firm without audit case and he has to apply tan number.

dear sir may client has fy 16-17 turnover of 5000000 he wish not to pay tax and he can decalars profit below 8 % and he can audit under sec 44ad .in audit case how much pay tax.please specify audit due date for ay-17-18

Dear Experts,
Pls clarify my following doubt relate to sec 269ST....1) can a person pay the amount of 4 Lakh through 2 cheque of two two lakh to single person... 2) can we deposite the cash more then 3 lakh in our bank account in single day....3) can we receive cash of 4 lakh in single day from two different person...4) can we receive the cheque of more then 3 lakh from one person?


Thanks & Regards
Mukesh Gupta

As a Employer , is it possible to consider Advance Tax paid by employee himself.

Is there any place in TDS Return to insert Advance Tax paid by employee

. Please note, employee don't have any other income.