Is it necessary to disclose the details of delisted shares of company which were once were traded on stock exchanges
but company has delisted but some one has some shares with him from this delisted company.
Number two there are too many Public company which were traded on stock exchanges but now vanished and
there whereabouts are not available. The public is having shares of such company. Should be this shares be
reported in ITR

Dear Sir,

Please let me know under which Section Tds to be deducted and what is the limit,
1.for salary paid to visiting lecturer/teacher/faculty, as and when required for taking regular college class teaching.
2.Salary paid to visiting lecturer/teacher /faculty for motivational speech/skill development/capacity building of student.
3. We are Trust having four different college. If same visiting lecturer/teacher/faculty in all four different college of trust, does tds have deducted on basis of clubbing the income of all four college.All four college have four different TAN number ,but PAN number one that is of trust.So in that case .How calculate tds -i.e if individual college pay below applicable limit, no tds to be deducted or , we have club and then deduct tds accordingly

Please do answer

Hi Experts,

If employee could not submit rent receipts to employer hence HRA exemption not considered by employer. Please advise if employee can claim exemption of HRA while filing income tax return.

Thanking you in anticipation

Ramesh

It is said that in case of F & O transactions, the turnover for Income tax purpose, in such types of transactions is to be determined as follows:

(1) The total of favourable and unfavourable differences shall be taken as turnover.
(2) Premium received on sale of options is also to be included in turnover.

My query is that is there anywhere written in the Act that the - "total of favourable and unfavourable differences shall be taken as turnover" or is it as per the guidance note issued by ICAI. If it is as per the guidance note, is it accepted by the Income tax Department?

Please suggest.

Hi Experts,
Please help me out with the below matter-

Case : A Pvt. Hostel provides accommodation to college students alongwith their in-house Mess Facility. They charge total 8000 per month from each student (All inclusive of Room Rent, Mess, Parking, Electricity,etc.)

Query:
1. What will be the applicable GST in this case on a single bill of 8000 per month * 12 months to the hostel?
2. Will there be any special GST rates on Mess charges even if the hostel is not quoting it separately in their bill?
3. What Licenses and permissions are required to run a hostel (with a mess facility) of 100 Beds?
4. What are the possible Income tax benefits that we can avail in this case?

1.My client partnership firm in first year having losses in books of accounts f.y18-19 .whose turnover less than 1 crore. whether audit is necessary ?
2 . Interest on partner capital and remuneration to partner is mandatory to pay them in case of loss in firm ?
3. Can we Claim Additional Depreciation in first year of production ?

CLAIMING OF TDS OFMINOR SIR, MINOR'S INTEREST INCOME AND TDS WAS CLUBBED IN INCOME OF MOTHER. HOWEVR DECLARATION AS NOT PROVIDED SO MISMATCH OF TDS OCCURED AND 143(1) INTIIMATION RECEIVED. SIR, PLS GUIDE ON HOW TO CLAIM TDS OF MINOR FOR LAST YEAR? DUE TO CLUBBING,REFUND IS PENDING.
efiling doesnt register minor so how to file itr of minor?

I was going thru the way to determin residential status.

You are considered an Indian resident for a financial year:

i. When you are in India for at least 6 months (182 days to be exact) during the financial year

ii. You are in India for 2 months (60 days) for the year in the previous year and have lived for one whole year (365 days) in the last four years

Could somebody explain me point number 2 ? For whom this rule applies?

Can Resident but not ordinary resident status claim exempt u/s.10(4)(ii)

One of my client's vendors has obtained TAN Based Exemption certificate from Income Tax Dept.
Original Tax Rate applicable on the vendor is 2 %. Exempted rate is 0.5% and exemption limit is 54 lacs. My query is suppose so far transaction of up to 52 lacs has been done with the vendor. Next bill amount is of 4 lacs. How shall TDS be calculated on this 4 lacs?
i) 0.5% on 2 lacs and 2 % on remailning 2 lacs or;
ii) 2% on whole 4 lacs

Please clarify