Tds on interest income..from treasury

Not possible, unless you are senior citizen.

@ Honourable Dhirajlal sir ,usually while preparing trading account it consists opening stock closing stock sales and purchases and some direct expenses and direct incomes..


My query : As per final accounts rules

1. it is must to show the closing stock balances is more than opening stock.?

2. purchases balance value must reduce compared to the sales balance value?

3. gross profit balance figure must increase compared to the sales value


it is mandatory as per rules could you please explain me if there is any details are not given by clients


only having net profit and sales information

plse explain me

Answer to all three options is NO.

It's nowhere mentioned that it is mandatory.

These figures should be as per actual. Trading account is derived from the books, not prepared separately.

 

 

 

If senior citizen and income is below the limit tds will not be deducted...right?

Yes, for senior citizens having no tax liability, form 15G can be submitted to bank.