Dear Friends,
Please clarify the following
1. After the completion of block assessment how do we treat the undisclosed income - for
a) partnership firm
b) Private ltd company
Also suggest how the accounting entries for that.
2. In the block assessment , can we set off the unexplained credits with unexplained debits during the block period?
Are maturity proceeds of UTI ULIP exempt under sec 10(10D) of I T Act?
tds on freight paid on overseas export at wht rate
Whether a company shall deduct TDS in respect of commission payble for Export sales for duties perfomed by the foreign resident outside india? The foreign commsion the company is paying is in convertible foreign exchange & services are executed outside india for sales.
A Private Limited Company give a helper allowance to Director.
In case of Director helper allowance is taxable or not if taxable what is the limit of amount
WHETHER DAILY POOJA EXPENSES COMES UNDER FBT OR NOT BY A COMPANY
FBT ON UNIFORM EXPENSES FOR EMPLOYEES IN A MFG COMPANY IS INCLUDED 115WB(2)E OR NOT?
FBT ON VISA EXTENSION FEES FOR FORIEGN TOURS AND TRAVELLING INCLUDED U/S115WB(2)(Q) OR NOT ?
pLZ EXPLAIN
Husband's(H) gross income is higher than wife's gross income. Wife(W) gives her professionally earned money to Husband (H). H opens FD with bank & invests remaining part of that money in stock markets on his name. Bank deducted TDS with H PAN and all transancation done in stock market are with H PAN.
As the money given by W to H is gift & the money was earned by W with her professional skills, doesn't the section 54 income tax clubbing rule apply here? If yes, then W may be responsible for income tax on invested income. Please note that H's individual gross income is higher than W's individual gross income.
CAclubindia
Treatment of Undisclosed income in books