ITR FORMS ASS YEAR 2020-21
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27 May 2020
DEAR SIR,
ITR FORMS OF ASSESSMENT YEAR 2020-21 IS RELEASED OR YET TO BE RELEASED.
REGARDS
ITR FORMS OF ASSESSMENT YEAR 2020-21 IS RELEASED OR YET TO BE RELEASED.
REGARDS
27 May 2020
Yet to be released in view of extension due to Covid 19.
27 May 2020
thank you sir,
further one more clarification sir, father transferred some amount to partnership firm of comprising his two sons and his wife. so how can be treated amount whether accounting as unsecured loan or gift to his sons and wife. in future they can be repay the amount to his father. once repaid any if simple interest to be payable for that unsecured loan for firm expenditure.
thanking you
regards
further one more clarification sir, father transferred some amount to partnership firm of comprising his two sons and his wife. so how can be treated amount whether accounting as unsecured loan or gift to his sons and wife. in future they can be repay the amount to his father. once repaid any if simple interest to be payable for that unsecured loan for firm expenditure.
thanking you
regards
27 May 2020
Treat it as gift to sons and wife and credit it to their capital account no tax payable.
27 May 2020
thank you sir valuable replies
regards
regards
27 May 2020
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