my wife has recieved a sum of 300000 rs from various relatives on our marriage.
while filing it where to treat this income?
i not found any coloum in itr 1 where i can claim of income deduction ?
should i show this income in other sources head ? in which section should i claim deduction and where this option is available

sir,
the turnover of my client which is a proprietorship firm during F.Y.2013-14 was rs. 80,00,000 and profit margin was only 2%. therefore provision of sec. 44AD is attract and he is liable to get audited u/s 44AB. He pay rs. 50,000 of shop rent.

my question is that he is liable to deduct TDS during f.y. 2014-15 on making payment of shop rent.???


but on the other hand provision of sec. 194I says that a person lialble to deduct TDS only when his turnover was over 1 crore.


sir i am totally confused. please give your suggestion.

Individual earned income from F&O business approx 80 L besides his other incomes (Salary 57L + others 50K) . Will it require tax audit for filing income tax return for the year 2013-14. pls. advise.

Thanks

Hello,

I have been doing freelance content writing since August 2011. From December 2013, i started building a team of freelance writers.
Should i have to apply for TAN and register my freelance content writing company as a sole proprietorship firm?

Hi friends..i am a science student..Somehow i choose CA as my passion..I cleared my CPT in my second attempt 2011.. i have attented IPC 2014..During these period i faced a lot of problems..financially, even by family also..till i continue to dream to be a CA.. I am not going to give whatever problems come...i am working @ courier as part time.. My school friends are going to finish UG and ready to get a job..but me totally useless..till only studying...also not earn any money..pls suggest me how motivate my self..and continue my career without any distraction..pls help me..i need that...

A offers income on cash/receipt basis, however bank deducted TDS on interest paid on Accrual basis. Should A offer interest income on accrual basis and claim TDS , or continue to offer on cash basis , then how much TDS can be claimed?

Is there any criteria to register as a company by its turnover? If a proprietorship business makes a turnover of Rs 1000 crores, it is necessary to register as a company? or he may continue as a proprietorship concern?

Dear All,
My Clients got a notice which is as follows for A.Y 2011-2012....

" Have Quoted the False/Incorrect ASAPR6063L in your return of Income for A.Y 11-12 filed on 30/03/2013.
You are hereby requested to appear before me at 02:15 P.M on 08/10/2013 & show cause why an order imposing a penalty on you should not be made under section 272B(2) of the income tax Act 1961. If you don't wish to avail youself of the opportunity of being heard in person or through authorized representative you may show cause in writing on or before the said date which will be considered beofre any such order is made under Section 272B(2)...
Plzzz some1 helps me to let me understand....what it means...

Please explain red hearing prospects in simple language.

Dear Sir,

What is the procedure to obtain certificate U/s 197 for low tax deduction.

Pls describe.