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.

Dear sir/madam,

Intimation u/s 143(1) was received for AY 2008-09 for Rs.2,17.611/- which ignored part TDS and entire advance tax paid,
which was evident from the form 26AS.

An application for rectification was made u/s 154 and thereafter a rectification order u/s 156 was received reducing the entire amount of demand to nil.

However during computerisation only the demand u/s 143(1) was uploaded to CPC Bangalore, ignoring the rectification u/s 156.

All further returns, submitted online and processed by CPC, adjusted any refunds against this outstanding demand
for AY 2008-09.

In March 2012 a letter was received from local AO again raising the issue of unpaid demand of Rs. 2,17,611/- and threatening
coercive action.

A copy of both the original demand and the subsequent rectification order was submitted to the office of the AO with a request to update the information on record. Receipt stamp was obtained on a duplicate copy, since AO was absent.

Now I have again received an intimation u/s 245 from CPC for AY 2012-13 regarding refund being adjusted against out-standing
demand for AY 2008-09.

Can any expert kindly provide any advice to resolve this issue. Also I am currently in Bangalore and my concerned AO is
in Pune. I am unable to return to Pune until June 3013.

Your advice will ne highly appreciated.

Thanks & regards

Mohan Karandikar.

"A" purchased a plot of Rs.5,00,000/- in 1995.
And constructed commercial building of 4 floor on that plot , construction exp was Rs.15,00,000/-. construction was made during FY 2011-12 ad 2012-13

Now if he gift 3rd and 4th floor to his son "B" where in gift deed he showed market value of 3rd floor Rs.17,11,000/- and 4th floor Rs.18,11,000/-.

Is he liable for tax ????????

if an individual earns an income of Rs. 25 lacs from sale of his/her kidney. what would be the tax implication? Will such income fall under the tax net.?

My knowledge says it is a personal moveable property and therefore not taxable. It will go untaxed .However, income from other sources is an area open to tax such a transaction. Would like to have expert view on this.

Regards,

Roshan Tiwari

Intt. on term loan is allowed only when actually paid. But if the agreement of loan provides that intt will be paid in the next F.Y. and we hav to account for it because we are maintaining accounts on mercantile basis. i wnt to whether intt will nw be allowed because we can not pay intt as per the terms of agreement.

plz reply alongwith recommend links so that i cn attach proof.