amendments applicable for may 2014

Whether a deduction available under section 80C for payments made towards a loan from employees' Co-op Society

For the AY 2011-12 the threshold limit for declaring income under 44AD is Rs.60Lakh. Incase the assessee has had a total turnover of Rs. 40Lakh and his 2 minor children have had a total turnover of Rs.20Lakh each, from the business which he runs on thier behalf. Then, can he still declare the income under 44AD even if it exceeds the limit.

If no,then, should the income from minor child be shown under income from other sources with only the income part?

How is clubbing of income to be done in such a case?

one of my friend received a notice from income tax department for non-filing of income tax returns for A.Y 2010-11,11-12.He is salaried employee and his income exceeds Rs.10 lakhs each year and TDS is deducted and deposoted by employer.He did not claim any exemptions previously even if he file return now he has refund. Now dept is not accepting manual returns what shall i do now? if we did n't react for the notice then what will be the consequences

Dear sir/Madam

What will be the time limit to reapply for 12A and 80G once it is rejected?

I have entered the wrong PAN of a party that to there is only two Alphabet error. Now i have downloaded a fresh file of Justification File which doesn't consist the error in PAN. please suggest me the procedure how to correct the revised return as the consolidated file & Justification file doesn't error.

Dear Reader I got the message in mobile from CPC Bangalore It Department that My ITR For 2013-2014 has been processed and Order U/S 143(1) Will be sent .

What does it mean please clearifu it

Suppose A has filed a case in a court of law,what would be the position of income tax in following cases:
1.) If the compensation is received by way of verdict of the court?
2.) If the compensation is received as a part of out of court settlement?
Are there any citations substantiating the stand?
Thanks in advance.

I had worked in a organisation for three years.At the time of leaving I requested to transfer my PF balance to new PF account.but they trasfer it to my bank account,deducted TDS & deposited it also.Will I get refund if I deposit same amount in new PF accont?

An assessee engaged in the business of Diamond & It has made one transaction in the nature of Royalty with party which situated Israel country. We have deduct TDS @ 10% as per the law & DTAA agreement also existed. As per the TDS 's demand notice, they mention deduct TDS @ 10.30%.
What will be the correct rate for deducting TDS transaction in the nature of Royalty Reply as soon as possible