proprty purchsed on 1960
inherited to Mr. A on 1986
sold on 2013-14,
cost for Me. A will be fair value on 1981,
my qu is how fair value will be calculated for 0/04/1981?is it as per advocate valuation report or as per market trend?

HOW SURRENDER THE TAN

I have received a notice for Income Tax Department on which no section has been mentioned (means under which section this notice is issued) which says

" As per 26AS/OLTAS it has been reported that you have entered into a transaction of Rs. XXXXXX during A.Y 2009-10 and it has been further reported that you have not filed your return of income for A.Y 2009-10"

but the facts are i have duly filed my Income tax return for the A.Y 2009-10 and it is also appearing in Income tax website and Intimation u/s 143(1) has also been issued and when i deposited the ITR, Compution of the same A.Y as a proof,they directed me to deposit some other documents (Bank statement , Property documents)or in other words they are doing assessment.


So what should i do.
Please suggest me, urgent

Dear All,

If company gives Deposit to Land Lord, Or company gives advance to creditors but does not recover it.

(Entry : Landlord A/c------Dr
To Bank

Can company claim this as Bad Debts ?

or It is covered under any other head ?

(Because I think for bad debts, debts should be out of credit to P&L)

On maturity of deposit my bank has deducted an amount fro TDS even though i have submitted Form No. 15G.
upon enquiring, the banker is telling that only upto certain interest amount earned on Fixed deposit say Rs.1,00,000/- TDS is not made, but on exceeding such amount, bank deducts tax on the interest amount.
kindly give guidance on this issue as i am aware that If the Payee submits a declaration in Form 15G/ 15H in duplicate stating the following, then TDS need not be deducted:
a)That his total income is less than basic exemption limit of Rs.2 lac.
b)Even if his total income exceeds basic exemption limit of Rs.2 lac but tax payable after deducting rebates u/s 80C is nil.
Thanx

I had filed IT return of a client on 30/01/2013 for A.Y 2011-12(Tax Audit Case). but i had already paid the net tax payable along with interest on 25/10/2012. Now i have got an intimation U/S 234 A to pay interest for that 3 months extra. but software didn't recognized any interest as the tax was already paid in October. whose view point is correct... please reply as early as possible...

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.