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Sir, I am a retired employee and have invested a part of my savings under my son's name. My son is a student aged 20 years, with no other sources of income. Do earnings from my son's investment get added to my ...
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3 weeks 0 Answers 6 views 0

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According to income tax rules Residential Status is computed separately for each financial year, that means 1 April-31 March. An Indian citizen who resides outside India and who comes on a visit to India is considered only a resident if they ...
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3 weeks 0 Answers 45 views 0

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I made payment of 12 Lakhs in Feb 2006 for a flat but registered in Feb 2021 (due to some title issue n lock in period) .i paid stamp duty on current value its 70L. My Question is what is ...
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2 months 1 Answer 28 views 0

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Hi My wife owns property though she is a housewife. Home loan is being paid off from my bank account. The financial service provider created loan account as both names. Can I claim tax benefits? If Yes, then what is the process?
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2 months 1 Answer 26 views 0

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assess accounting records data up to date maintained but cash on hand balance is very low in books for kirana stores. question: assess how to increased procedure cash on hand balance in books.  
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3 months 1 Answer 23 views 0

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  1.i.t.assess some shares and old car gifts received from father. 2.i. t.assess house expenses (personal drawings ) Rs:3,50,000/- used one finicial year. Question: 1.how to accounting entries passed above gift transactions both persons books. 2.house expenses Rs:3,50,000/-one finicial year allowed in I.t. act.
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3 months 1 Answer 30 views 0

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A retail sales of medical store business person  which type of accounting books records maintained 1.if a person registered in GST act 2.if a person not registered in gst act.
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3 months 1 Answer 15 views 0