Can an assessing officer visit the official business premises of the assessee during the scrutiny proceedings u/s 142 of past A.Y.?

Please reply.

I have filled wrong PAN of a party in my TDS return. Now i have received a notification from TDS about the wrong PAN. I have registered on TRACES. But i don't know the procedure of Revise Return. Can anyone tell me the procedure of revise return.

WHAT ARE THE TAX SAVING OPTIONS AVAILABLE TO NRI'S U/S 80C?

Whether a professional (i.e. holding a professional degree) carrying on a business of running a coaching classes. What would be the tax audit limit for such an assesse - 60lakhs or 15 lakhs?

DEAR SIR,

WHEN ANY BILL LEFT OF PURCHASE IN FY 12-13. THEN WE TAKE IN FY 2013-14 IN REGARDS OF INCOME TAX.

AND ALSO WE TAKE BENEFIT OF VAT INPUT ON SAME ?

suppose if mr.a has got his share of cash from sale of ancestral property then what would be the effect of this sale and capital gains in b/s and p/l of mr.a?

My Query Related to 44AD,

Mr. “A” has filed return u/s 44AD of the income tax act 1961 during the financial year 2010-11. He has declared income @ 8% of total turnover 48,00,000/-. And he has not filed and figure regarding Closing Stock, Sundry Debtors and sundry creditors in ITR-4.

Now in Next financial year 2011-12 assessee has achieved turnover above then 1 carore. Books of accounts fall under the tax audit in same year in the same year he has shown opening stock as valuated in books.

Is AO can make addition in FY 2011-12 on the basis of this that “A” has not declared closing in FY 2010-11 and he has shown opening stock in audited trading account?

AN EMPLOYEE IS STAYING IN RENTED HOUSE.

HE HAS TAKEN A LOAN FROM BANK. BANK CERTIFICATE GIVEN FOR PRINCIPAL AND INTEREST FOR 2013-14. ONLY INTEREST IS DEDUCTED FOR THE YEAR.

CAN HE CLAIM DEDUCTION UNDER SEC 24(B) FOR LOSS ON HOUSE PROPERTY I.E. RS 150000.00 AND REBATE UNDER SEC.80C FOR PRINCIPAL AMOUNT REPAYMENT.

HOUSE IS NOT COMPLETED AND NOT SELF OCCUPIED TILL 2013-14. IT WILL TAKE TIME TO BE COMPLETION OF HOUSE AND POSSESSION THEREOF.

bank has deducted tds on my F.D. coz of non availability of pan card @ 20%.Now i want to refund that amount...could u plz tell me the whole procedure to get the refund..and i am a student having no income..so how can i file my return..

Experts

Pl guide me on following Capital gain issue
involving sale and purchase of property

1. Wife a retired employee sold flat which is in her name and deposited entire proceeds in capital gain account scheme and tax return was filed for fy 12 13

2. Husband retired employee wants to sell his flat now (FY 13 14) and intends to use both his sale proceeds and wife capital gain amount to purchase another flat jointly with equal rights (50:50)

I went through CIT vs. Ravinder Kumar Arora case but still want to check with experts

1. Can this type of arrangemnt be made ?

2. If yes, would that have any implicaiton
from tax angle on the parties ?

3. Treament of same in husband's FY 13 14
tax return

Thanks in advance
Jayaram