can i take the benifit of Presumptive taxation U/s 44AD for the salary income for a partner ,Received from A partnership firm ?
The assessee having preseumptive income and Income from Lotteries, but he has filed his income tax return in ITR -4S for the assessment year 2013-14 instead of ITR - 4 . What is the consequences whether he can file revised return in ITR – 4 or he has to do rectification for that. Please give your advice to the assessee.
Hello friends,
If i register as per Direct Entry Scheme in month of August 2013 .
When will be my CA-Final attempt get due?
Regards
Suraj Saha
contribution made by a govt. employee of tamil nadu towards Family Benefit fund is taxable ?
Dear experts,
My brother works as a crew member of foreign ship.
I have 2 queries:
1) what is the compliance for him to state as non resident whether less than 182 days stay during the pr yr or 60 days.
2) If he is a non resident who has no other expect salary income from foreign co. what is the requirement for him to file the return and is there any specific form.
I have purchased plot in name of my wife from my income. Is it mandatory to show the same in IT return? If yes in Whose IT Return should i show the amount i.e in my return or in my wife's return.
Further, please tell Which return form should me and my wife file.
I am a salaried person.
Can a CA in Service can hold COP. I dont want to sign B/s but its gud to have old cop
dear sir, if any bussiness less than 8%of profit of gross recipt and turn ovre less than 1 crore then compulsory mantain book of a.c and get audit. suppose firm or propriotor is maintain book of a.c and show less then 8% profit of t.o . then compulsory audit (t.o 60lacks.)
Consider the following situation
A is a salaried employee
He buys a house having sale deed of 2000000/-
He has paid 10 lakh in cheque from his saving account and 10 lakh from housing loan.
but he gets sale deed registered in the name of his wife.
The home loan is joint in his name and of his wife.HIS WIFE has no income and does not file any return.
As the owner of the property she is receiving the rent.
Now there are two questions
1. What will be the tax treatment of rent.Can A show it as house property incme or it will be a clubbed income
2.Can A claim the interest paid on house loan or not considering he is a joint loan bearer due to paying capacity but property is not in his name
I have both short term and long term capital gains from sale of units of Fidelity Equity Fund (during the one month open window period when Fidelity Equity Fund was being taken over/merged with L&T Mutual Fund). Now LTCG should be tax-exempt on the sale of the equity units and the STCG should attract 15%. This is provided Securities Transaction Tax has been paid. Am I correct?
Now, during the open window period, Fidelity re-purchased the equity units without exit load. Fidelity also bore the Security Transaction Tax. Hence, Fidelity bore the Security Transaction Tax and not me. Does my not paying the STT but Fidelity paying the STT, change the situation?
Even if Fidelity paid the STT, LTCG will still be tax exempt and STCG will attract the usual 15% for me. Is this correct? Thanks.
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taxability of salary from partnership firm