Mahesh Jadhav

I have Income from salary, housing loan interest and bank interest income

Gross total income is above 9 lac

Which ITR form applicable for me ?

ITR 1 or ITR 2


Gaurav

Hello Members,

Assessee is a student and is currently studying in abroad. Every month is father deposits cash in his account. From which he than transfers the same in the respective foreign currency to his account for his regular exepenses. Since the amount transferred exceeds 7 lakhs TCS is deducted on the transfers done by him.
In all Total of Rs 14,85,000 was deposited into his account by his father and the same is appearing in his AI reports also.

Since there is TCS which is deducted on the transfer, he wishes to start filing the ITR to claim a refund of the same.

Query:

1. How do we treat this cash receipt in the account of assesse who is still styuding.

2. Will taking a Gift Deed on the appropriate stamp paper help him incase of any questions come at stage later to showcase that it was a gift given by his father.

3. What are the other recourse available in such situation.

Thanks


Asif Ali

Dear Sir,
Section 194H ki income ko kis itr mein kahan show karna hai


TAMILSELVI.M

Asset has been compulsorily acquired by the government for road extension and it is stated in the agreement that fully exempt from income tax. If the above-mentioned subject is related to RFCTLARR ACT, then how to file the exempted income in ITR ( under capital gain or under exempted income category)


raghavendra b
28 July 2023 at 18:05

TDS DEDUCTED U/S 194 R

DEAR SIR

TDS DEDUCTED U/S 194R DECLARED INCOME FROM OTHER SOURCES OR BUSINESS INCOME. ONE OF MY CLIENT RECEIVED NEARLY RS. 1,030,90/- AND THE COMPANY DEDUCTED @ 10% TDS SHOULD I REPORT BUSINESS RECEIPT OR INCOME FROM OTHER SOURCES


REGARDS


Daya
28 July 2023 at 16:00

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Daya
28 July 2023 at 15:55

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Daya

In the following two cases , whether depreciation allowable under income tax
(1) TDS Not deducted on capital expenditure
(2) Cash paid Rs. 10,000/- for buying capital expenditure.


prathiba Anil
28 July 2023 at 14:33

Company nameboard size and colour

As per the Government of India's guidelines, could you please provide the recommended size and color for displaying the company name board?


Mahesh Jadhav

In Partnership firm I have prepared two account for partners.
One is partners capital and another one is Loan account.
Partners is kept as fixed capital introduced by partners, Loan account is used for transaction done by partner like payments receipts.

Likewise can I creat two account for Partners in Private limited company ?
1. Capital account
2. Current / Loan Account

Please Guide





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