I hv sold my father's property which was purchased by him before 1980.
Proerty was titled to father's and nominated to me and my brothers.
For d sales purpose, we make one stamed document in which mentioned tht property is tranfer to my name on behalf of my brother.
Aft tht we sold property and cheque was received on my name.
So now to get benifit in income tax can v divide sales amt within all my brother.
Is their any legal documents required for this division?

I have query regarding allowance of depreciation on amount of disclosure as an fixed assets during the course of survey.Details are :

-During the course of survey on assessee,ITO find extra amount of Rs. 50 lacs paid to builder for purchase of business office.

-For that assessee disclosed that amount as in addition in office/ fixed assets.

Now my query is that assessee can claim depreciation on that addition of Rs. 50 Lacs or not. And kindly provide link of any case laws if you have?

Hello experts,

One of my client's profile is reflecting an outstanding demand of Rs. 5,500 in the Income Tax Department's site for AY 2004-05. The assessee hasn't received any further communication post that demand. He wants to clear his outstanding dues.

He wants to know the break up of the demand amount as to Tax, Cess, Interest and any other category where the amount is payable.

I request your opinion so that the amount can be paid.

Thank you.

As per Income Tax, TDS has to be deducted on the amounts credited or paid whichever is earlier.

Following this on provision also TDS is applicable, but as per AS29 provisions are estimates where actual amount is not known.

Whether TDS has to be deducted on the provisions made on the estimates at the month end and reversed at the next day?

Sir,

what are the depn rates as per IT Act, on the following assets

Invertor
Battery
Software
Printers-laser
Printer - dot matrix

Dear Sir,

I have purchased a house property in the name of my wife.

During the year I have paid interest on housing loan of 190000/- and principal repayment of 120000/-

the loan is in my name but house in the name of my wife.

can I claim deduction u/s. 80C and u/s. 24(b)

Regards

Dear Sir,

I work as a salaried employee with an excise registered proprietorship company. I was issued offer letter with the excise registered company and received salary cheques from its other company which is non-excisable. Till December,2012 there hasn't been any deductions. In January, 2013 an amount of Rs.5,000/- was deducted for TDS.
On March,13,2013 my employer said that he couldnt provide me Form16 as his company is not registered under TAN. He told me to file returns on my own and said that he would refund the amount of Rs.5,000/- deducted for TDS. I was asking Form16 from my employer for the financial year 2012-13.Kindly advise the proceedings to be done in this case.I fall under the salary bracket of around Six Lakhs
Request your feedback at the earliest.

Pls Gide Me that I have filed my ITR-4 for Ay-08-09 for respective year & than I have not filed my ITR-4 (My income is not taxable)but now I want to file my ITR-4, Can I File It?

Hello
while doing registration for efiling of my client,der is message.'PAN does not exist in our database.'so i can't register
If i check pan den der is showing details..
Wht should i do??

dear sir TDS u/s 194H AND 194D Commission & Brokerage income 50 LAKH then audit requried or u/s 44AD liability is applicable or not tell me somthing about that.