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)

my client is forget income tax password. when i reset the password and try given alternative income tax site. its not possible to reset the password because my client is forget everything and he is not file any income tax return.
how to reset income tax password.

Benefit of section 10(38) is available on LTCG arising on transfer of units of a business trust which were acquired by assessee in consideration for transfer of shares of special purpose vehicle

Dear sir, If we r going to dissolve a firm, then what should be the necessary compliance need to be done.

Issue:-3 partners form a Partnership firm as on 15/12/210,as per deed.But,Current A/C in name of the partnership is opened on 2/2/11.Now,one of the partner(Managing partner),with consent of other partners (by Deed and a special power of attorney)does all transactions for the business of the firm in his Savings bank a/c.
Now,my quarry is,after opening the Current bank A/C,when the managing partner will transfrer all the fund generated ,in that Savings A/C, out of the business activity done on behalf of the firm to the Current A/C,then can ITO disallow the transfer and taxed the income as personal income of the said managing partner?

I have deposited Rs. 1 lakh in my savings account in old currency after demonetisation. I had started working JUD Cements Ltd in October 2009 to April 2013 and again I joined JUD Cements Ltd in July 2015 and worked there till May 2016 I was getting salary in cash only on few occasions they made a bank transfer of salary. JUD Cements Ltd has not issued my Form 16 for the F.Y 2012-13 and F.Y 2015-16 so far because of this I had not filed my ITR for these two years. During May-13 to Jun-15 I was giving tuitions and getting my fees in cash only and also I did practice for some duration in that also I got my fees in cash only I have filed ITR from F.Y. 2009-10 onwards except for the F.Y 2012-13 and F.Y 2015-16. My question is this whether IT department will issue me notice regarding source of the cash deposited. I have sent an email to the company's concerned person regarding issuing my form 16 for the F.Y 2012-13 and F.Y 2015-16 but I have not received any satisfactory reply from my last employer. Urgent response to my query will be highly appreciated. Regards

sir i have filled itr4 for a.y 15-16 can i file itr4s for 16-17 source of income is contract of painting of building and houses

i have liability of tds for sec94c but by mistakenly i done payment us 94j then can i use this us94j challan for filling of return for 94c?

dear all, if partnership firm taken loan rs.5cr from financial institute for construction of factory premises and the same amount give to loan in Pvt Ltd company as a loan. also factory premises given on rent to Pvt Ltd company 1-EMI paid by partnership firm rs.9 lacs. 2- partnership firm received rent from Pvt Ltd co rs.9 lacs (4lacs rent and 5 lacs as a interest) is tax liability by partnership firm

dear sir I am salaried person, working as a lecturer in junior college. I have taken a house in e auction by ARCIL Ltd. for which complete amount of house must be paid after the auction, in this situation i unable to get home loan, so applied for personal loan. 1. do I need to pay income tax for this personal loan. 2. . if IT dept treat personal loan as income, where I need to specify in the form 3. please tell me how much income tax I need to pay my gross salary 8,40,000 savings -1,50,000 HRA 1,00,000