What should be the amount paid/credited in case of tax deducted on salary of an employee in TDS return of 24Q, i.e. the amount after exemptions(net salary) or before exemptions u/s 10 (gross salary). If we take gross salary an employee can claim the exemptions while filling his income tax return, can't he? and vice versa?. Please help. Waiting in anticipation for your reply.

I'd like to know if it is mandatory to capitalise or show as expenses an asset having value more than Rs.5000. Please.

If a self constructed house is sold then what will be the cost of Acquisition, if land was purchased seperately in a different year and construction completed in different year?

Dear Sir/Mem,

I have income of trading of Mobile phones, and has transportation business as well with 500000 lacks income.
I have 200000 agriculture income also.
So, Which ITR should i file for the A.Y. 2017-18 ??

Received below message, can someone help me understand this and next course of action.

Total TDS by Employer of PAN XXXXXXXXX for Qtr ending Mar 31 is Rs 82,037 and cumulative TDS for FY 16-17 is Rs 2,03,786. View 26AS for details

An ancestral property at Delhi is being gifted by owner to daughter in law - registration will be done by paying stamp duty on circle value. She may then sell it at a higher value and offset the capital gain by investing in other property. In such a scenario will the amount (income) earned, by daughter in law, be included in owner's income? i.e. Will clubbing of income provisions apply for the owner. If yes who and how can we save capital gain.

I'm service man. i have take a personal loan of 5 lakh Rs and now I want to give this money to my mom for payment of balance amount of her property in local authority. how can I do? what is tax treatment for mom & me?

Hi sir/Madam,

We are paying commission on acheiving sales target outside india on behalf of someone else and we get our administration fee plus amount paid as commission....

My question is we ddidn't recieved any TRC what would be the rate of tax???

I am filling part d since we dont want any taxable liability what should i mention in 15CA CB and what part should i fill???

Should i send form 10 fb to them or they will provide me the TRC???

PLEASE HELP....

if a company is having car as assets and if one car gets insurance claim for repairs from insurance company what are the journal entries for adjusting that insurance claim amount met by insurance company

Dear Sir, please clarify the following situation relating to applicability of Tax Audit

1. Turnover for P.Y. 2016-17 is Rs. 90,00,000.00, and net profit for the year amounts to Rs. 4,50,000.00 and all the books as per sec 44AA are maintained will there be requirement to get the Accounts audited?

2. Turnover for P.Y. 2016-17 is Rs. 90,00,000.00, and net profit for the year amounts to Rs. 1,60,000.00 and all the books as per sec 44AA are maintained will there be requirement to get the Accounts audited?