ABC is an individual . He was allotted a factory land 14 years ago by RIICO . He was using the land for running a factory for manufacturing brass items for exports as a sole proprietor. HE STOPPED HIS BUSINESS 7 YEARS AGO and surrendered sales tax /pf registrations and ceased to file income tax returns. HE IS SELLING THE FACTORY LAND AND EARNING GAINS FROM ITS SALE. PLEASE ADVISE ON :

1.CAN HE CLAIM EXEMPTION FROM CAPITAL GAINS BY PURCHASING ANOTHER FACTORY LAND FOR SETTING UP ANOTHER BUSINESS?
2.HOW CAN HE MINIMISE CAPITAL GAINS TAX?

My Grand Father was died in last year and they having interest income and bank was deducted tds so shall i want to file income tax return? and whats process for surrender pan card?

Sale of property without registration is a valid transfer u/s 2(47)??

I filed belated return for the A/Y 2010-11 & 2011-12 on 31/03/2014.As Belated Return can be filed at any time before the expiry of 1 year from the end of the relevant assessment year, which was in my case 31/03/2012 & 31/03/2013.
Now my question is that :
Is this return filing valid?
If it is valid, then under which section I will be assessed?
What could be other consequences?

Please help.......Is it necessary to file TDS return if the assessee has not deducted any tax at source during the year/quarter and he has been aLloted TAN?...In short; Is it compulsory to file nil TDS return?

can anybody tell me why we, not consider car, furniture or plant and machinery as capital assets

XYZ Ltd. is having a building which is used for its business and profession I want to know that whether that building will be considered in Wealth or not?

Dear

Pl help on below situation:-
One of mine friend had a contract with US company to work form India and Co will pay in US currency.
At present his resedetial status is NRI.
Should amount paid by US co. is alos taxable in US also.

Dear sir, can service tax return be revised by a person?

I am about to surrender PAN card of partnership firm. since its dissolved on July 2013.
whether its compulsory to file Tax return for this 4 months (Apr 2013 to July 2013).

If its compulsory, can I file returns after surrendering the PAN or first need to file and then surrender PAN.

please reply. Thanks For your response.