1. Can a person gift cash of Rs 2 lakhs to his brother's wife ?
2. Can a lady gift cash of Rs 2 lakhs to her son's wife ?

- Ramesh.

i have purchased one property having registration value of 1500000/- but i have paid to the seller 22500000/.Now the Income tax department is only considering the registred value for purpose of capital gain computation. What shall i do now. can any one help me in this regard. Thanks in advance.please treat this as urgent and help me.

Dear Sir,
I am previously employed with a bank.However,after 3 years service I leave the job & received leave salary & withdrawed EPF Balance.As I have withdarwed EPF before 5 year,the amount is taxed to me.However,I want to know that whether I can take any tax saving advantage by investing u/s. 80 C & get deduction from withdrawed EPF Money?Further,I also want to know what is TDS Rate on early withdrawal of EPf?

Whether donations received by private trusts will be considered as income of the private trust. If yes,whether the same is taxable or exempt. Please give reference of relevant sections, case laws, etc.

An educational institution is registered under Section 12AA of Income Tax Act.
Its Gross receipts are 30 Lacs
depreciation is 4.5Lac
It has defaulted in the payment of ESI.

How do we compute the income to be applied for exemption under Section 11 Of Income Tax act 1961.

Plzz tel me what is the procedure to Correct TDS Return ..

Dear Sir,
One of my client do not file IT returns and now he is willing to purchase a car of cost around 8 lacs. For being on safe side, how is the idea, if he receives Rs. 1 lac cheques from each of his 5 to 6 relatives.
Please advise me.

Hi

For hra exemption, employees need to produce rent receipt along with pan card of the landlord . Pls clarify is it mandatory/requirement/rule that employees need to submit the rental agreement ( leave and license copy) which is court registered or 100 rs stamp paper registered ?.

if yes then its not possible for all to register the rental agreement in court as the cost is the main factor.

Pls clarify the alternate way also

Hi, I have 2 flats - both jointly owned with my wife.. I stay in one. Other one is vacant. For Notional Income for Income tax
a) can we consider the rent valuation from Municipal corporation ?
b) Can we show the notional income split across myself and my wife in 50:50?

The interest has been recovered on mobilisation advance given by the contractor from the sub-contractor in the form of Recovery from the bills payable. Whether TDS provisions will apply on the recovery of interest directly by the main contractor from the sub-contractor in the form of Recovery.

thanking you