We have a partnership firm (2 partners, Mr. A and Mr. B) with 2 unit/branch (unit 1 and unit 2) under same pan, currently Unit 1 is operational. Now Mr. B wants to start Unit 2 operation with new partner Mr. C, how partnership deed will form. ?
what is Turnover limit for E-Invoicing.
what is form for filing of ITR of
company and LLP of income Tax.
A bill received for Rs.
Goods Value Rs. 2,00,00,000
GST 36,00,000
Total Amount 2,36,00,000
whether TDS under section 194 Q will be deducted
2,00,00,000 Less 50,00,000 I.e Rs. 1,50,00,000 @0.1% =15,000
on 31st March shown in books as
Advance received Rs. 10,00,000 from Debtors
Advance Paid Rs. 20,00,000 to creditors
can I pass journal entry on 31st march as
for advance received
Debtors A/C Dr 10,00,000
To Advance received from Debtors Rs. 10,00,000 (under current Liabilities)
For Advance payment
Advance Paid to creditors Rs. 20,00,000
To Creditors A/c 20,00,000
is correct way for accounting.
Employer given to employee as gift Rs. 5 Lakh .to employee
How much amount will be taxable in the hands of employee.
i got the following message ...
"You have filed your income-tax return in form ITR-1. As per TDS details in your Form 26AS, taxes have been deducted under sections 194IA/194IC/194M/194S/194C/194B/194BB/194BA, etc. of the Income-tax Act, 1961. These sections are reflected as (4IA/4IC/94M/94S/94C/94B/4BB/4BA) in Form 26AS. These sections imply heads of income for which form no. ITR-1 is not the appropriate form. Thus, the required schedules for reporting incomes pertaining to said TDS sections are not present in your return of income filed in form no. ITR-1. "Income tax filing
which file should I choose?
If any assessee already paid demand raised by department by disallowing 87A rebate will be refunded to assessee by department?
I have a checking account in USA. I need to report this in schedule FA point A1.
Point A1 has a field "Gross interest paid/credited to the account during the period". Do i include my salary in this field or just the interest. I am reporting my salary separately in point G as well.
SELF OCCUPIED PROPERTY IS A CO-OWNERSHIP PROPERTY CONSISTING OF 9 OWNERS . OUT OF THEM TWO PERSONS NOT HAVING PAN. WHILE FILING RETURN OF ONE PERSON ( HAVING TAXABLE INCOME) HIS SHARE IS MENTIONED UNDER SELF OCCUPIED PROPERTY, THE OTHER MEMBERS NAME , AADHAR & THEIR PERCENATAGE SHARE ARE CORRECTELY FEEDED IN ITR2 OF THE ASSESSEE. WHILE UPLOADING THE ITR , IT SHOWS ERROR MESSAGE AS " if the property is coowned, percentage share of property, Name & PAN of the cooner(s) necessary. Is it is possible with aadhar of the two coowners to file itr
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Partnership deed drafting.