Dear Sir
I have recieved a post dated cheque dated 15th April 2013. What entry I will post and which date.
And I have paid a post dated cheque to the supplier dated 20th April 2013. What entry I will post and what date.
Kindly reply urgently.
Thanks in advance.
Dear Sir
what we do if any employee having No Pan Card ( Income tax deducted from salary ) & he is not Indian but serve as a employee in India
My Friend is selling in usa through ebay usa. He is taking orders from ebay site. He sends his own invoice to customer in USA. He is selling bedsheet.
He is getting payments in INR through paypal in his bank account. During the year there is receipt of Rs 25 lakh in his account.
He has arranged a company here in India, this company purchase material and delivers in USA.
On confirmation of delivery of goods, ebay release his payment. On receipt of payment , he release payment to procurer. In whole exercise he earns around Rs 150 per sale.
Total sale is Around Rs 25 lakh, net profit on such sales is around Rs 1.25 lakh only.
Question is:
1) Should he get him self registered in Sales Tax?
2) Will these transaction be termed as commission sales or own sales?
3) How should he account for in his IT return, . Should it be shown as commission income of just rs 1.25 lakh or sales of Rs 25 lakh and reduced by expenses of 23.75 lakhs?
Please share your thoughts on this?
Sir/Madam,
I have cleared CA in Nov 2012 and got placement in Genpact through ICAI Campus Placement.
Profile-Management Trainee.
Please advise whether it is a good option to begin a career..
Thanks in Anticipation.
Regards
Rachit Arora
8586097297
Sir,
I am leaving under pagadi system fr more than 15 years and two years back it had went to redevelopment. I had paid Rs. 150000/- only on account of stampduty and registration charges. The builder has made sale deed giving ownership to me.
Now I want to sell this flat for 20 lacs.
Then what will be tax treatment for capital gain or any other heads of Income?
Please suggest with provisions or section number?
Dear SIr
PLease can u help me in subject of Cap gain & Loss
I can adjust short term cap loss (due to sell of assets)against long term capital gain (sale of Factory shed)for how many years
Thanks in advance
I HAVE FORGOTTEN PASSWORD GIVEN FOR LOG IN TO EFILE THE RETURNS. I WAS TOLD TO EMAIL CERTAIN DETAILS TO validate@incometaxindia.gov.in.
WHEN I TYPE ABOVE ADDRESS IT GIVES ERROR AND SAYS windows cannot find above address.
WHAT CAN I DO TO EFILE RETURNS
our comp. year 2011-12 sales of machiney & machinery sales loss rs.42 lacs in current year 2012-13 we are sales shed & plot gain rs.25 lac my question is short term capital gain adjust to loan term capital gain ?
Respected Sir/Madam
I have taken admission for C.S Executive. I want to known what is the scope of C.S, what is the salary range
Post dated cheque