Answer Posted / om
yes a minor can get pan no and file a return and his income
will be included his/ her parents income ( mean whoever
gets the lower amount of his/ her Income and the person
withwhom the minor will be included will be liable to get a
dedutction of rS 1500
| Is This Answer Correct ? | 8 Yes | 5 No |
Post New Answer View All Answers
WCT charged on firm or on proprietor?
Can we pay advance salary to a single employee in cash of an amount exceeding 10,000?
What is the difference between fund flow vs. Cash flow?
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
Should we give C form with Freight, Insurance, P&F after CST?
A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?
What is the rate of Excise duty for all goods Is der any Difference in rate of exice duty for Chemicals And Fabric
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?
if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?
If any body have knowledge for vacate position for the post of Accountant kindly mail me verma_moti@yahoo.co.in (handling Accounting upto finalisation,Sales tax/vat,TDS,Service Tax,Excise tax and MIS.
Whether C Form can be issued for the transactions that made 5-6 years back? What are the procedures?
I want to do correspondence course related for taxation, where I can learn income tax, service tax, sales tax etc. Any one can suggest from which university can I do and name of the course also.
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
