Can a farmar can purchases Agricultural Equipments with cash payment more than 20000/- will this affect the seller under any section of INCOME TAX like 269SS or 40A(2)


In My Knowledge This should not Affect the the seller position Please Give Your Reply.and it is yes please Quote under which section.

Respected Sir/ Madam,

We are seeking your help and valuable guidance for the understated circumstances:

While we are filing up the ETDS Form 26Q (Q3- 3rd Quarter) for the Financial Year: 2012- 2013 in RPU software, due to clerical mistake, we have chosen Q4 instead of Q3.

It was come to our knowledge after filing the said ETD return to NSDL TIN FC vide PRN: 030080700538674 on 14.01.2013. As we have one more day to file the ETDS Q3 (3rd Quarter) in time, immediately we filed the proper ETDS Return for Q3 (3rd Quarter) on 15.01.2013 vide PRN: 030080700544086 to NSDL TIN FC.

Moreover, as the Challan Details and Deductee Details are same and identical in both the Returns Q3 and Q4, it has been considered overbooked by the Income Tax Department.

Now my object is to file the Revised Q4 (Revised 4th Quarter) Return so that the Challans and Deductee Details be deleted from your record (as the same has already been filed in 3rd Quarter).

Therefore, I am seeking your help, instruction and valuable guidance so that the wrongly filed ETDS Q4 (4th Quarter) Return be deleted from your record and we can file the fresh ETDS Q4 (4th Quarter) Return in proper time.

Your kind cooperation in this respect is highly solicited.

Thanking you.

Yours truly,
Srikanta Adhikary

Dear All,

Please clarify about Interest to be paid on delayed deposit of TDS U/s 200.

If Tds deducted on say Deposited on

1) 02.01.2013 08.02.2013
2) 08.01.2013 07.03.2013
3) 08.01.2013 08.03.2013
4) 16.01.2013 15.04.2013
5) 16.01.2013 17.04.2013

Please reply for interest to be deposited for how many number of months.

Best Regards

Anil Jain

Can HUF take gift from its karta? Will it be tax free? Also will the income generated from this gift be clubbed in karta's income or will it be HUF's income?

Dear Sir,

Kindly provide/ calculate depreciation as per Income Tax Act

Op. Bal - Car 01.04.2011 - 497304
Sold in Oct'2011 - 265000
Pur New Car Oct' 2011 - 553893

Please tell the depreciation as per Income Tax Act

Thanks

respected sir,

in return filling of ITR-4, if we r forgot to write ITR ward but address,PIN no.and PAN details are correct only ward no. is omitted and return is filed and there is no query or error in the uploading XML file..

So, my query is that is this ITR is valid or not and in future is there is query arise or not..?

Please help me for that matter and if required then suggest me for filing revise return or not.?

As i have filed my ITR - 1 for fy 11-12 on 21.01.13 which is after due date,

But i found one mistake
in TDS column TAN no & Company name is mention wrong

- amount is correct

& my case of 100% refund of tax

so now how i will change this detail

online revise is not possible

please answer asap

Thanks

ITAT has given favorable order and the demand is reduced to NIL. In this situation whether the tax recovery officer has power to say that "in the event of reference application/tax case filed before the Hon'ble Madras High Court by the department" the attachment cannot be lifted if so under what provisions the tax recovery officer can not lift the attachment.

Mr. A took a loan of Rs. 100000 @ 12% interest and invested the same in shares. Whether interest is to be added to the cost of shares for the purpose of 'cost of acquisition of shares' under the head 'Capital Gains'. Please provide a case law if any.

Sir,
I want to ask that if proprietor of a shop, creates HUF then,
1. Whether he has to change the name of the firm?

2. Whether after creating HUF, he would file return with his own PAN number as individual or through HUF PAN number?

3. Whether he can file nil return as indivdual and pay taxes as HUF?

Thanks & Regards
Kanhaiya Garg
CA-IPCC
Nangia & Co.
Dehradun