Sir,
One of the individual status business person salary pay to employee (son)rs:10,000/- amount p.m.
Question:
Assess salary pay to son amount business expenses claim allowed in it act.
hi
my relative is an engineer and he has salary income of 30 lakhs Rs and professional receipts of 30 lakhs also
can he take benefit of presumptive tax of 44ad or the limit of 50 lakhs is applicable on total of salary plus professional income i.e. 60 lakhs Rs here and hence presumptive tax benefit cant be taken
Ours is a government school. we giving rent as per accrual bases( i.e.3 months once). but we are filling tds returns for rent as per cash bases. But owner asking us tds should be reflected as per accrual bases. how to submit tds returns as per accual bases. Kindly suggest us
Answer nowIf Father purchase Property and he is the owner of property and Daughter is only Co-applicant for Home loan then what would be tax treatment in hands of daughter when property gets sold in future . is daughter gets tax benefit for repayment of loan and interest component .
Or Father can get benefit u/s sec 54 (Old property sold )for in case Property is in name of Daughter.
Case : If Mr.x has 5 house property. out of which 4 are let out and 1 is self occupied. he gets rent for 4 house property.
Query : Now can he claim 2 house property as self occupied on notional basis for AY 2021-22?
Sir,
It assess source of income below taxable limit(rs:2,50,000/)in f.y.20-21.if assess cash gift from parent rs:3 lacs through on cash mode received.
Question:
Assess sec 271DA penalty provision applicable in it act.
Sir,
Sec 44ad it returns filed jewellery business and pawn brokeing business person money (loan)paid to customer rs:1 lacs through on cash mode.
Question:
1.money pay to customer rs:1 lacs cash mode allowed and cash transactions limit in it act.
What should be the gross amount on which TDS u/s 194Q of IT Act should be deducted. If the bill value includes VAT, should TDS be done on amount including VAT or excluding VAT ?
Answer nowMy wife earned Tution Income in FY -2020-21 about Rs. 2.7 Lacs, which ITR form will be applicable, apart from this she has no income
Can I show this in ITR-1, Income from Other Source
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
TCS Return Date for Q1 FY 2021-22