Mr.Roy is a salary person.Previous year he was submitted non taxable ITR-1. As on 31st July 18 he was received Rs.3 lakh DD from the company, due to companies various reasons. Hence while Mr.Roy submit ITR will he face many questions from IT Department? How to solve this problem.
Hi
I want to know procedure for cancelation /surrender of Tan number
Please guide me
if Mr. X, an NRI indian who is employed in UAE , comes bck to india and does not returned. now he had provided some service from india to that foreign employer and the foreign employer provided some consideration for his work in his indian saving bank account.
kindly clarify the income tax taxability
what is the limit for capital a sole proerietor can invest in business (cash)?
What is omnibus approval in related party transactions
Respected sirs,
I bought a flat in 2005 for 100 Rs- entered as fixed asset. now I have sold it - in june 2018 -for 150 Rs. (TDS 1.5 Rs )ie recd148.5 Rs. Now I have bought another flat at 200 RS after 2 months- Now how should I enter or what ledgers should be created ? the extra 50 rs I have made by closing my deposits.
Please guide me to properly enter or entries.
Thank you very much.
vijayakumar
I have one querry regarding HRA.Owner of rented premises is ready to give rent receipts up to certain limit only while I am paying rent more than that.so based on that I am getting less exemption.So is it possible to claim actual rent paid under 3rd condition of HRA in IT return?.Employer is deducting TDS based on rent receipts only.
Defect
Income from "Profits and Gains from Business or Profession" is greater than 1.2 lakhs but particulars as in "Balance sheet/Profit &. Loss Account" are not filled
Impact
Income Tax Return may be treated as defective if particulars in "Balance sheet/Profit &. Loss Account" are not filled
Suggested Resolution
Please fill Balance sheet/Profit &. Loss Account
i sale a property at rs 1 crore which is on joint name but the buyer deduct the TDS amount from a single name. now what we can do ?
1) if the TDS amount deduct from a single name is Rs 10lakh ( 1% on 1 crore).
or
2) if the TDS amount deduct from a single name is Rs 5 lakh (1% on 50 lakh)
what to do in both cases
Do we need to mention GSTN on the letterhead of the Company? If yes, then please mention the relevant provisions for the same.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
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