Respected Experts,

One of my friend is a Salaried Person and also running a Travels Business.

Im Preparing Balance Sheet to him.

My Question is;

1. Can we show his EPF Accumulated Balance in Balance Sheet as Long term Investment.

2. If Yes, do we need to show the Investment only for his Portion? ( Employee Share) or the Entire Accumulated balance ( Employee Contribution + Employer Contribution)

2. Also can we also create Liability of EPF payable for March ( only Employee Contribution)

3. If the above Treatment is valid, then can i also show Interest Accrued from EPF in Exempt Income

Kindly advise

Dear sir ,

I am getting confused in selecting the ITR form as I have income from salary from which tds was deducted , I have income around 5000 in whole FY from an app i have on playstore from which tds was deducted , I have income around 23000 from google admob for showing ads in app which was transfered through wire transfer in USD and tds was not deducted from it and finally I bought some mutual fund and then sale it later from which I had little profit around 1000 rupees and I incured total loss in equity around 400 rupees and zero profit.

so please help me, which ITR shall I file

thanks.

I too getting same error as described below. Please help

I created Form 26Q for Q1 FY2023-2024 using TDS RPU 4.6 (latest), validated it with TDS FVU 8.1 (latest) and after validating file successfully. I put the FVU file in a zip and filed the e-TDS. And as soon as I filed it, instantaneously it was rejected and reasoning was [Rejected at E-filing: Line 1- Invalid File]. The file itself is error free. I have re validated it. What to do?

As per income tax Pls tell me limit of introduce capital in cash in proprietorship firm can I do introduce capital in. Cash mode any time

Hi
I have received vat recovery notice for one company i am not at all related and officer has freeze my demat account. I am salaried person since i passed out from college. I have booked flat with relator by similar name but project has been closed and builder is in jail. Why I am getting VAT notice even though I am loss at booking amount I paid to builder and what can I do now.

One of my client pay salary of Rs.25,000 per month to an individual - annual salary is Rs.3,00,000. Is this to be declared in 24 Q ?
Please let me know the minimum annual salary, which need not be declared in 24Q

Thanks
R S Sai Kumar

my total tax liability is 0 after 80c deductions

Dear all

Status as per Income Tax – Mrs. Xyz1
a. One of my client was married and went to America along with her husband on 11th March 2020.
b. She came to India on 28th February 2021. Returned to America on 23rd April 2021.
c. She came to India on 8th October, 2022 and returned to America on 26th March 2023.
d. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Status as per Income Tax – Mrs. Xyz2.
a. She went to America for further studies on 3rd August 2021.
b. Since then she has not returned to India
c. Now I have to file her income tax return for the Asst Year-2023-2024. Kindly let me the nature of status, as per Income Tax.

Thank you
R S Sai Kumar

Kindly tell me the GST percentage on Boat Hiring.

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