While showing the TDS deducted under 194A under other income > interest column in ITR2 and showing the details of tax deducted in the TDS2 column, the final tax remitted becomes short by the Educational cess part on TDS under 192A in ITR2 where as Edn cess is not applicable for TDS under section 192A. HOw to file return?
Dear Sir,
One of the assessee whose bill book total in fy 2012-13 is Rs. 46 lacs, however cheques collected of payments in bank a/c are Rs. about 38 lacs.
In the above case turnover would be considered at Rs. 46 lacs (total of bill issued)
or
38 lacs (total of amount received)
Please clarify.
Mr. X Run a propreitorship firm.
Last Year NP was 670000/- Due to which a huge amount of tax was paid.
Now Mr. X want to reduce the liability
In the Current year
He is to open a new concern.
Which option he should go with propreitorship or Partnership firm ??
Q. Are Partnership firm are liable to be taxed after the payment of salary & Intt to the partner ??
Dear sir/mam, i am in the CA final. Looking at the current job market it feels like i am not in the right field. Some of my known one are doing preparation for competition exam like bank PO. I think like why i am in CA while by doing this much effort in competition exam i can easily get a good post. Plz. Give me a little difference between the two fields and if CA is better, the why?
What is authorised capital? What is its use for a company?How this raise problem in bank loan. How much authorised capital required for taking term loan of Rs. 1.00 Crore as the total project cost is Rs. 3-4 Crore?Please answer at the earliest.
I have income from business and profession, mainly work is job work which is make deductee U\s 194C (1%).my receipt around 480000. I am not liable to maintain books of account as per income tax.
in itr 4 there is colum asking debtor,creditor, expanses ......
please answer me about wat % of debtor, creditor, expanses should I show in filing ITR 4.....I have only kaccha record which is incomplete thru out the year.
transfer fee received by cooperative housing society from its incoming outgoing members. Are such transfer fee liable to tax in the hands of cooperative society.
please explain taxation in the hands of society and members.
I am a CA final student, basically from Rajasthan, currently undergoing the articleship training's second year which will be completed in September,2013.
I want to pursue the industrial training after I'm already finished with two and a half year of the training period.
Can I do that given that I am ready to further complete the required industrial training period too? If yes, what will be the procedure to do that?
Can anyone explain me the meaning of sec 271F of the Income Tax Act
Employer has reimburse mobile expenses and medical expenses of Rs 5500 n 15000..but as per form 16 it is included in salary u/s 17(1). Is it exempt. While efiling where I show it ? Can I show it in allowance exempt u/s 10..otherwise it will be taxable coz there is no other column for ded . of such exp...
Tax on interest income under sec 194a