Kindly send me statement of facts for income tax appeal

Dear Sir,
I want to buy a land having value around 40 lacs. For which I will arrange 10 lacs out of bank limit and I will arange remain 30 lacs, from my agriculturist relatives.

Now please advise me, It is better to take it as a gift
or
take it as a interest free loan.

Please advise me which would be practical way and what are the formalties that I have to follow for the same.

Waiting for your reply.

What professional services included in 44AD.
Kindly give me some examples or list of all.

Dear All,

I have a partnership firm in which there is a change in partners. Do i have to apply for correction in the PAN Card.

sir, please tell me about the nri huf whose karta is residing in usa. i want to know about the tds rate at which the firm should deduct the tax on payment of interest payable on unsecured loan.

Section 10(37) exempts capital gain arising on transfer/acquisition of Urban agricultural land situated in any area referred to in section 2(14(iii)(a) or 2(14)(iii)(b).
And as per section 2(14(iii)(a) or 2(14)(iii)(b:
1. Agricultural land in India, not being land situate—
(a)in any area which is comprised within the jurisdiction of a municipality which has a population of not less than 10000; or
(b) in any area within such distance, not being more than 8 KM, from the local limits of any municipality

Sir I want to clarify that if the agriculture property is situated either within the limit of 8km or in any area which has population of more than 10000. Then on acquiration of such Land by property, compensation received will attract Capital Gain or not.

Pls clarify

Whether TDS should be deducted on annual custodial fees paid toNSDL, CSDL and BSE of Rs. 40,000/- each. Please give reference if any and section.

Partnership firm running restaurant, purchase hotel premises and done satakhat/unregistered deed as on 05.08.2008 and taken possession of premises from Mr. 'B'. Money given for the premises shown in balance sheet(Unaudited) as under fixed asset head say Rs. 2600000/-.

In the audited balance sheet same amount shown under loans and advances head because registered deed not made up to 31.03.2009(FY 2008-09).

Further, during the FY 2008-09 under survey of premises firm disclosed Rs. 5000000/- as undisclosed income of FY 2008-09 given to Mr. 'B'for the purpose of Renovation of hotel Premises, Furniture etc.

In FY 2008-09 assessee claim depreciation on Rs. 5000000/- for half Year Rs. 250000/-. And no depreciation claim on Rs. 2600000/- as for the purpose of want to claim long term capital gain in future.

And in assessment proceeding depreciation is disallowed on the ground of no explanation given for showing Rs. 2600000/- under loan and advance head under audited balance sheet.

Now my question is whether any difference as advance given shown in loans and advances (as registered deed not ready up to 31.03.2009) or fixed assets on which no intention to claim depreciation.

Kindly give any accounting guidelines for the same.

My sister got scrutiny notice for FY 2010-11. In that year she had salary income as main source of income. However, she had bank account in joint name with her husband. Now, as checking the files/documents following discrepancies noticed:

1. There has been cash deposit of around 20 lac in saving account during the year but that's mainly due to her husband's business which has all cash transactions.
2. One property was purchased and sold during the year on which STCG amounting Rs. 4.5 lac was arisen but same not shown in ITR filed.

Now, ITO has asked for Bank statement with narrations for all entries and also asked for Personal Balance sheet/Statement of Affairs, Profit/loss A/c etc which however were never prepared for the year as that was also not required. So, i have following queries:
1. Whether STCG be shown as income for year or not! If yes, how much tax/interest /penalty will be imposed by ITO?
2. How to prove these cash deposits into account?
3. ITO also asked to file affi-davit providing detail of all bank accounts maintained. Now sister has one other account in joint name with her husband but in that account all transactions are related to her husband business only. SO, is it required to show this account also in affi-davit or not complusory.
Dear Experts, Kindly guide with your valuable suggestions.

Dear Sir
Is there any option to upload E tds Returns with out going NSDL office for Different TAN numbers as Like NSDL do for ETDS?