under income tax any tax paid Like TDS, Advance Tax , Self Assessment Tax and Income tax demand are disallowable under income tax under which sectio.
In the following two cases , whether depreciation allowable under income tax
(1) TDS Not deducted on capital expenditure
(2) Cash paid Rs. 10,000/- for buying capital expenditure.
As per the Government of India's guidelines, could you please provide the recommended size and color for displaying the company name board?
In Partnership firm I have prepared two account for partners.
One is partners capital and another one is Loan account.
Partners is kept as fixed capital introduced by partners, Loan account is used for transaction done by partner like payments receipts.
Likewise can I creat two account for Partners in Private limited company ?
1. Capital account
2. Current / Loan Account
Please Guide
MR.A (having non-speculative income) had made transaction with respect to call and put in future and option mentioned below:
1. buy:10000 sell: 12000 GP:2000
2. buy:10000 sell:7000 Gp:(3000)
as we know we need to take turnover of Rs. 5000 and need to file return in 44ad maintaining 6% of profit
but actual MR.A had lose money of Rs. (1000) but in 44ad we can not show profit less than 6% of turnover which is Rs.300 (against nature of reality)
please provide guidance and what if Mr. A don't wants to file return in 44AD then can we show 6% of turnover in direct p&l account ?
I redeemed my mutual fund and sold some shares to partly fund my flat purchase. Under which section I can claim LTCG deduction. The transaction has been done within a two week time. Please guide.
dear Sir,
I have Two Business, 1 have profit and 2nd is loss (loss on shares) and also salary income, now which ITR SUITABLE FOR ME AND HOW TO SHOW LOSS IN ITR.
Dear Sir,
In the financial year 2022-23 a slum hut in Mumbai was sold for Rs.2250000, which was purchased on May-2012. There is no registration and stamp duty for slum huts in Mumbai. There are no valuation reports for this slum Sale.
My question is if I have shown loss of LTCG Rs.315000/- in income tax return then there can be any inquiry from Income Tax?
Please reply your valuable advice in this regards.
Thanks & regards
N Kadam
DEAR SIR
OUR COMPANY REGISTERED UNDER GST AND RECEIVED COURIER SERVICES FROM UNREGISTERED DEALER.
PLEASE SUGGEST, IF RCM IS APPLICABLE ON COURIER SERVICES FROM UNREGISTERED DEALER OR NOT ??
REGARDS
MAHAVEER JAIN
whether any disallowance in current year if TDS is not deducted on capital expenditure
or depreciation is disallowed ?
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
Under income tax Any Tax paid