Hi Expert,
1) A person had no residential house in his name.
His daughter gave him money & he purchased an apartment in his name in year 2011.
IT return was filed by the person in 2011.
Any need to mention about the purchase of apartment in the IT return for AY 2011-12?

2) Would the amount given by daughter to buy house treated as the father's
income in FY 2010-11 or just a transfer of money?

Thanks!

can we pay salary to partner on monthly basis

Dear Sir
well and Individual Professional income is Rs 4,00,000 and not intended to adopt Presumptive Taxation. If shown income less than 50% of Rs 4,00,000/- Say less than Rs 2,00,000/- whether tax audit U/s 44AB mandatory
I intend to file ITR -3 having all bills and details for income & expenses.
Assuming the same facts, Status of Firm

dear sir,
net profit take as base for pgbp from where need to take it from statutory audit report profit statement or any other profit
my question is starting point for pgbp from where start.

dear sir no one solved my accounts queries can any one please solve my accounts querie from tax expert
thanking you in advance

I FILLED TDS RETURN F Y 16-17 4TH QUARTER ON TIME BUT COULD NOT UPLOAD FORM 15G/H
CAN I UPLOAD 15G/H NOW ONLY
OR I HAVE TO FILE REVISED TDS RETUN WITH 15G/H
OR UPLOAD ONLY 15G/H ON LINE GUIDE TO AVOID ANY PENALTY
C A PRAVIN VAJANI

Suppose a Partnership firm dealing in Finance & Leasing takes Interest from Loan given in Cash.
Example- Rs. 1,00,000/- Loan given and Interest of Rs. 1,250/- per month. So Rs. 1250 can be received in cash monthly?

What are the implications of Such Transactions?

FIRM STARTED IN SEPT-2017 ... SEPT-2017 SALARY TDS DEDUCTED ON OCT-2017 & JULY TO SEPT-2017 FORM 24Q TDS STATEMENT FILLED ...AFTER THAT WHAT IS THE PROCEDURE..

AM I REGISTER UNDER TRACES OR INCOME TAX????

can any one define error code 82 in notice under section 139(9) with reason not filing tax audit report electronically...but in actual i have filed form 3cb and my client accept it and file ITR ...for the year 2017-18...how to resolve this issue when no defects seen apparently and successful efiled mail i received after uploading form 3cb

dear sir,
ineterest on tds will attract the tds and ineterest on tds how it it tretated in tally and form 16a will shows the ineterest on tds and if tds will attract on interest on tds what provision will come