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?
Is pension received from EPS is taxable when
a. Commuted
b. Uncommuted
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?
Sir, I m not able login my userid in registration form filling portal of icai
Can CPC deny benefit of 80P to a cooperative society if return is filed belatedly
As per section 44AD presumptive taxation scheme has to be opted for atleast 5 years in continuation. What if in any of the 5 years there is nil turnover and presumptive return not filed whether in succeeding years presumptive taxation benefit will be allowed?
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
Dear Sir,
I want to file ITR-1 for F.Y. 2017-18 but ast date of Filing ITR is 31st 2019 (Belated Return). Now suggest how i can file ITR for F.Y. 2017-18.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
Audit is necessary for partnership firm