Respected experts, I am very confusing about this, A partner contributed capital Rs.13,00,000/- in the beginning of the partnership firm but at the end of the year showing Rs.17,55,000/- debit balance in his capital ledger due to more withdrawals than contributed. what should i do now? Please tell me...What are the income tax rules on this?
Answer nowOne of my Govt. Deductor deposited all three challans in wrong head under 400 instead of 200 in Q2 of F.Y. 2017-18. Now defaults has been generated for one challan while downloading jurisdiction report.In that report they have shown as short deduction and notice sent to us. So now what is remedy ??? Kindly Guide
Thanks in Advance
Hi Everyone..
Please suggest TDS implication on payment made to Indian branch of foreign reinsurance company.
Our understanding in respect of TDS implication on payment made to Indian branch of foreign reinsurance company.
1. Since Reinsurance branches are treated non-resident entities for Indian tax purposes and in the absence of lower/nil TDS certificates, all the payments which are received by the reinsurance branches would be subject to withholding at 40% (plus applicable surcharge and education cess). And need to file 15CA & 15CB certificate
2. Where lower TDS certificate is provided u/s 197(1), TDS should be deducted accordingly as per that certificate and No need to file 15CA & 15CB certificates. as the rate is already decided by Income tax officer u/s 197(1), so no need to take opinion from CA about TAX rate.
We have obtain lower TDS certificate u/s 197(1) from that company, Please suggest we have to file 15CA / 15CB certificate for the above payment or not.
Ankit Patel
Mo. No. - 8691908859
what is the proper defination of GTA
Answer nowis TCS on crush coal is applicable ( crush coal cover under HSN code of coal) on retail invoice and tax invoice
Answer nowTAXABILITY OF
ARMY PENSION(UNCOMMUTED),
D.A.ARREAR
OROP ARREAR
7th CPC ARREAR
Dear Experts.,
I'm a accountant in a company. Having accounts knowledge and tally knowledge. In my company staffs and some my friends ask me for file their ITR... I filed their ITR returns with one of my friend's guide...
Can I file the ITR...? In future any problem is to me...?
Can I start a accounts firm and also file Income Tax returns and GST returns...?
Please help to me and advice...
Dear all, I have an query about taxability on compensation received by an individual family member. Case:- Mr.A was hired as a contract labour with ABC ltd(construction co.) for restructuring of roads. while working, Mr A came down under the dumper . family member of Mr.A got compensation for such cause from contractor. Now my question is whether this is taxable in the hands of family members of Mr.A thanking you all and I would be very happy if i can get any supreme court judgment for such case/s a
i had purchased property in 2006 now i had sold the property in 2016. i m planning to invest in another house property so in the mean time i have invested in the fd account so what is the treatment in filing returns
Answer nowDear Sir,
My Gross Receipt is Rs. 758650/- and Net Profit is Rs. 14685/-.
Do I need to do tax audit if it is less than 8% ???
thanks
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Capital withdrawn more than capital contribution