Easy Office
Easy Office


VARUN DHIMAN
25 June 2023 at 14:30

Income disclose

Respected Sir / Mam
Can I show travel agent income in Itr under presumptive scheme.
Regards
Varun dhiman


RAJEEV KUMAR MEHTA
25 June 2023 at 14:19

Surcharge calculation in ITR 2

Whilst preparing ITR 2 for A.Y. 23-24 the system is not reflecting 10% surcharge. Income is above 50 lacs. What could be the possible reason and how to deal with this? Please advise.


Ashok Kumar T T
25 June 2023 at 13:44

Gift tax payable from relatives

Gift from my mother’s sisters son to me is taxable or exempted qualifying in relatives ?


Jai shree Narayan
25 June 2023 at 11:41

No accounts case lossess

In no accounts case whether we can declare lossess with books of accounts maintained??


Sayantan Chakraborty

Sir,
Can I claim (total charges & statutory levies) amount which is excluding stt ?
I got the amount from My brokers statement

can i claim it to calculate stcg


jayesh khokhariya

INTEREST EARNED BY PARTNERSHIP FIRM ON TDS REFUND IS CONSIDERED AS BUSINESS INCOME OR INCOME FROM OTHER SOURCES??


Parthesh
25 June 2023 at 09:44

Section 4(5) of companies act 2013

(i) Upon receipt of an application under sub-section (4), the Registrar may, on the basis of information and documents furnished along with the application, reserve the name for a period of twenty days from the date of approval or such other period as may be prescribed:

Provided that in case of an application for reservation of name or for change of its name by an existing company, the Registrar may reserve the name for a period of sixty days from the date of approval.

Registrar may reserve name whether 20 days or 60days?


Sayantan Chakraborty
25 June 2023 at 09:34

Stt paid not claimed

Hi there,
I purchased 3 share on 2022 and sold within 1 year so it's my stcg or stcl.
Confussion: in my broker tax p/l statement they show that its my stcl.
Example : sales 80000
Purchase 79500
Stt paid 700
They show me it's my loss
In itr what did I show?
Sales 80000 - purchase79500 =gain 500?
As per my knowledge stt cannot be claimed as transfer exp.
Am I right? that's my stcg


Shivam
25 June 2023 at 09:29

Capital account of proprietor

I viewed a sole proprietor's capital account, in that account there were following credits
By amt tfd th. Neft/lic
By lpg subsidy
And following debits
To amount of rmf transfered as per c/c act
To amount tfd as per c/c account (nippon)
To cheque no***/star health insurance
To cheque no ***/ lic
To advace tax
To income tax...
My queries :-
Why are there these things of personal nature like lic, income tax, star health insurance, lpg subsidy, investment in rmf and nippon credited or debited in business capital account....
If they are shouldn't they all be shown as withdrawls or additions...because they are not concerns of business...
And i assume c/c means cash credit how can it be used for buying rmf and nippon mutual funds, isnt it granted for working capital purposes, shouldnt it only be used for business....
What does individually these entries mean like how come lic is paying him money, if a policy matured or what and how come it is being brought into books it is personal, same with lpg subsidy...
Shouldnt income tax be paid by him personally and profit from this business shown under pgbp but he debiting the same in business books...
What the deal with advance tax....


jayesh khokhariya

Assesses(Partnership Firm) having turnover of Rs. 5.37 crore and cash receipt and cash payment within 5% limit then compulsory audit required U/s 44AB