Mr.A rendering professional service. He does not want to show income in his books received from particular client and he requested the client not to deduct tax at source.!
No doubt clients expenditure will be disallowed for non deduction. but Mr.A is a monopolistic service provider. The client does not have any other option before Mr.A
What the client has to do in these circumstances ?
if the sperson is senior citizen and no other income other than interest of rs 55000/- then whether bank is required to get the tds dedicted or bank accept the form 15h?
we are share broking firm NSE/BSE registered. we are selling fixed assets to a company registered in kolkata which is also engaged in share broking and provision of other financial services, at book value. we are not vat /cst registered entity. this is not our nature of business. should we charge vat or cst.
1. Is there any disallowance of expenses if provision is not made ?
2. Is it complusory to create provision ?
3. Can provision be created for purchases ?
4. why prior period expenses are disallowed ?
5. what if I paid the expense of march in april ?
Suppose, I would like to apply for a loan for the purchase of land Rs.5 Lakhs from a bank.
About 40% of the total land price will be spent from my side as per the sale deed and balance 60 % will be the bank loan.
The security for the loan will be the land itself ( ie, the land to be purchased). I can submit the sale deed to the bank as mortage.
But I can not submit any proof of income to the bank for the payment of EMI.
The bank will provide the loan or not ?
which bank providing / not providing the above facility.
S.K.
1.Company Incurred Loss During the year 0.50 Lac
2. Brought Forward Loss Rs.15.00 Lacs
3. Depreciation Not Charged by the company
4. Company sales its factory premises of Rs.48.00 Lacs there is no assets block after sale proceeds
5. Regular files in time return
6. Cost price of factory premises Rs.25.00 Lacs
7. Book Value of Factory Premises Rs.12.00 lacs
can capital gain set off against B.F Business Loss
and how can be minimize the tax liability?
How a person could get certified copy of ITR-6 filled electronically using Degital Certificate.
Could any body clarify on the difference between an AOP,BOI & a Firm?
I have taken house on rent for my family and me in delhi and my workplace is in ludhiana. can i calim HRA exemption for rent rect. of delhi. or both please clarify
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
TDS deductions on Foreign Payments...