Dear Sir there are two issues 1. Car is given to the company for use 2. Loan and interest on loan of car are paid through income of the director. i.e. not paid by the company now my question is 1. car given to the company can be said transfer in the meaning of S.2(47) of Income Tax Act, 1961 for capital gain purpose. 2. will company be allowed to claim depreciation on the same on the basis of Usage by company please help

Dear sir, please tell me that how can i change tan no. in tds challan which i deposit by net banking and how many days

Hi sir,
I had file a income tax return for the a.y 2015-16, in which arrear for last 5 year is received approx.4,00,000/- rupee... And I had calculate the relief u/s 89 for Rs. 32000/- and claimed in incometax return but when I received intimation u/s 143(1) they imposed tax on income 9,00,000/- as total income relating to 2015-16. And I did not received any refund from income tax.

What I do now? Please help.

ITR 1 FILLED for AY 2014-15 WITH 340000 deduction us 80 c 1000000 .tds deducted 66000 of which 2470 showing 'O' status Income tax has raised demand of same amount which showing 'O' status. Please help what should I submit in reply to income tax

whether 75000 exemption available irrespective of expense incurred during or not?

Any things purchased for eg. Vehicle, Electronic gadgets etc on EMI basis for residential as well as office use is any deduction allowable for that acc. to IT act ???

Dear friends,

One of my friends is in USA and his wife is in India.His wife is expecting some money from his husband so that she can take a piece of land and construct a house in Hyderabad.But she wants to keep the property on her name and she is ready to pay back in the future (interest & Principal amount) to her husband.Now what sort of loan contract should be created between wife and husband and the loan contract should be trouble free even in case there is any problem in the future like divorce/separation etc.

Hi,
I am salaried person & taking benefit HRA & other under section 10 of income tax.
My question is that can I file ITR 1 as I heard that if EEE income is more than Rs.5000 you cant
file 1.
If I cant file ITR 1 can I file ITR 4s as my income is from salary.

Dear Experts,

Do We need declaration from Transporter for non deducting TDS U/s 194 c 6 in every financial year or one is enough for the all financial years

Rgds
SYAM KUMAR S

An assessee filed his ROI for the AY 2014-15 before due date claiming deduction u/s 80G for donation paid to a trust. Now on 04/04/2016 he has come to know that trust to which donation was paid is not eligible institution. Thus deduction claimed u/s 80G is not right. now what is the remedy available to the assessee? Time limit for revision has elapsed. can he rectify u/s 154?