dear sir

Whether payment made by a sole proprietorship firm to proprietor exceeding Rs 20000/-as drawings is allowed or not ?


Thanking you

I have a Net Total Income of Rs 530000 (for fy 2014-15 and not ay 2014-15) in one of my client's portfolio.So from Rs 500000 onwards the 20% Tax rate kicks off.He wants to pay a donation of Rs 50000, which infact will result in Tax Benefit of Rs 5000 (50% of Rs 50000 i.e. Rs 25000 and 20% of Rs 25000). Now after reading Sec 80 G it also states that for computing qualifying limit we should also deduct exempt income from the Net Total Income. My Client has a PPF Exempt Interest of Rs 14000 (approx).So will this Rs 14000 be deducted from the Rs 530000 as mentioned above.If it is so then Qualifying Limit for Donation looks like Rs 530000 - Rs 14000 = Rs 516000 and 10% of that is Rs 51600. Am I correct ?? An urgent reply is needed from your side.With Regards, Preeti Gupta.

because old ca firm transfer nahi de rahi or and old firm me mere ko jyada sikkhne ko kuchh nahi milta. or bolte h ki ab transfer nahi mil sakta .

I have forgot my income tax id and password. To file income tax return, it is compulsory to have income tax id and password. I don't have acknowledgement No. to use the option of forgot password. Please advise what to do?? It is urgent because 31st July is near. I am an individual having Ordinary resident as residential status. Reply at the earliest...

Dear Sir,
i want to know that how much Percentage(%) required to get direct admission in CA-IPCC after B.Com

when i Export data from tally fig comes with "Dr" or "Cr".
i want remove "Dr" "Cr" and convert the fig in Positive or Negative. How can i do it...?

In A.Y.2013, I had given some amount to my wife for investment, but she did not invest & just kept in Bank FD & earned some interest. She is a housewife & has no income. Before the year end she gave me back the whole amount.

Now, in my IT return along with my income, I had added the income received by my wife as bank interest in my income, but I have not done any bifurcation that this is my income & this is my wife's income, but I had showed honestly what income I had received. I did not have any tax liability to pay.

I have not hidden anything. Now my A.Y.2013 ITR is not processed yet. It just shows as ITR received. It's 12 months now & not processed.

Could this be reason for delay in processing?

Please let me know in detail. Thank you.

hello friends my ca ipcc exam is on Nov 2014.. im confused with books to be followed for: 1.Accounting standard 2.Auditing Standard 3.Law Ethics and communication 4.cost accounting & Financial Management please friends suggest me what do. Thanks your friend

My return for A.Y.2013 has not been processed. The status shows as ITR Received. I have filed it in June, 2013, but so far it has not been processed. I have no tax to pay or no refund to claim. I have just investment income only. While rang customer care, they asked to wait. While I asked if there was any error, they said, NO & if there was any error, I would have been communicated by now.

I have also filed the return for the AY 2014 [ for 01/04/2013 to 31/03/2014 ] & for which now the status also shows the same ITR Received.

There is a very minor TDS cut of Rs.7 in AY 2013, which I have forgot to claim & I do not want to claim it. TDS cut was of bank deposit interest.

I have two small queries & would be grateful, if someone can reply to it.

1. Could there be any query or scrutiny, as there is a delay in processing? I have shown everything & not hidden anything.

2. Any other reason for delay?

Please let me know your reply. Thank you.

Nil tds filing is compulsory or not need to file?