Respected Sir / Madam Is gift deed is nessesary for cheque transactions between family members and if not what documents are required and what is limit in those Gift? is previously (in 2015-16) given loan can be transfered to gift to family member in accounts ?

hello there is case in which employer hai deducted the tds for the fy 14-15 at the higher rate as there was no pan with him in that particular year. bt he apllied for the pan in the fy 15-16 and received the pan. is now he get the refund of the excess tds deducted by the employer due to non availability of the pan as it is showing nil tds in the 26AS for the fy 14-15.???

Respected Sir.
Good evening. I received LIMITED SCRUTINY letter from income tax department for following issues A.Y 2015-2016
1) Import turnover mismatch
2) Custom duty mismatch

I am proprietor of the company. During sep 2014 I have IMPORTED sheep crust leather from Nigeria for the value of usd- 200,000.70 ( INR-1, 20,00,00.84). I missed to show the purchase in balance sheet. THE VALUE OF THE IMPORTED GOODS NOT INCLUDED IN BALANCE SHEET.
My doubts are
1) How can I solve this issue?
2) If there is any chance for penalty? If yes how much I have to pay?
3) How can I prepare explanation letter.
Waiting for your valuable reply.

Thanks &Regards
Krishna raja

Dear sir,
Actual income of the assessee is 30000 more than reported which was defective .
How can I rectify the mistake and revise the return for AY 2015-16

my father have shop which he has give on rent on 10000 pm and earns income on it and does a job an earn 8000 pm as well as ,whether he should return a IT return or not ,now i want to club my income Rs 16500 pm from salary ,we want to purchase a house for Rs 15Lac on loan But bank ask for Father I.T Return file ,kindly give suggestion on it.

A home loan is running against a house property and aprx one third part of the property is let out and other part is self occupied. As per law the if a property is let out then total interest on the loan is claimable as deduction u/s 24b of income tax act. Now the rental income is less than the total ineterst paid on loan. Now will the law applicable here to claim full deduction of interest paid or not?

One person have income from beauty parlour  And she is also an insurance commission agent, in which her tds was deducted u/s 194D And she is not maintaining any books of accounts Then in which heads these income will be taxable & which of the ITR will be filed Is it ITR 4S?

if any residential house property that have purchased before 1981 not remember purchase value
if it will sale in 32 lakh in 2016

how to compute capital gain ?
will any benefit of depreciation of house property will get or not ?

My client has entered into an agreement for purchase of Flat costing Rs.50,50,000/- on 13/03/2012 and has paid Rs.10,36,000/- prior to 1.6.2013 as per agreeement. Further has paid in installment as and when asked by the builder.
My query is whether the provisions of Section 194IA regarding TDS @ 1% are applicable in this case because the agreement to purchase was entered before 01/06/2013.

if any indivisual have 4 house property , one he use as own residense and another three is vacant
is any taxability arise from those three vacant house property ?