One of my relative bought property on wife 's name from his money showing as loan given to his wife. What are the tax implications involved. Also when the property is given on rent then under whose income the rent will be accounted. What would be scenario when instead of loan the money was gifted.Kindly reply.

Hi Experts,

My company provided retention bonus of Rs.75,000/- along with November-2016 salary and income tax of Rs.8049/- deducted from my salary.
Now i am planning to leave the company and need to return the retention bonus back to the company.
Kindly help me how to get refund of tax deducted.

Thanks,
Satheesh S.

I HAVE FILED ORIGINAL RETURN ELECTRONICALLY FOR A . Y . 2015 - 16 ; BEFORE THE INCOME TAX OFFICER IN NEW DELHI IN JULY 2015. NOW I'M IN BANGALORE. I WANT TO FILE REVISED RETURN FOR ABOVE ASSESSMENT YEAR. WHERE SHOULD I FILE THE REVISED RETURN OF INCOME.

I had received a notice from income tax dpt for non filing of income tax return and notice says that I had to give response to "compliance link" on online mode of filing ITR....when I clicked on complince link no notice is shown there and neither notice is being displayed in "pending action" link....in short problem is physical notice is received but notice not showing in online mode and when it is not showing in online mode then how I will respond to it..

to enhance my knowledge base, I need suggestion for a book on supreme court judgements for Income Tax, That will help in my career as Chartered Accountant.Thanks in advance for your help.

In a case, assessee purchased an immovable property in year 2005 from RFC (Rajasthan Finance Corporation) which was duly registered with name of the assessee and possession obtained but RFC allowed payment of consideration over next 5 years i.e. 2010 alongwith interest thereon.
The assessing officer wants to take date of acquisition 2010 i.e. when the last installment was paid not 2005 on which property was purchased.
Pl. comment on the above i.e. is the assessing officer correct? And also quote relevant case studies.

Dear Sir,

If a gym trainer teaches Yoga and other fitness training to his students in the gym and and get salary from the gym. Yoga income and other fitness training income is calculated seperately for the trainer, so do we have to deduct the TDS on Yoga income or it will be exempted from taxes.

a person who gifted a immovable property to his wife and minor children how he declared in his itr. and how wife and children (who received gift from his husbend/father) declared their gift in income tac return. assets like building and land.building amount is 1140000. and stamp duty is 76650. in the name of children a land./site which have total value of 60000 only

Whether it is required to apply for changes in address in pancard if there is only change in address within same city for persons living in rented house again and again

Dear experts,
A Machinery has been gifted by father to his son, whether son can claim depreciation on machinery even the RC is not on his name (SON)