narasimhamurthyrangavajula

PAN MENTIONED IN PERSONAL/VERIFICATION SECTION IS INVALID
When i ready to e file,after xl browse,and press submit button -the above caption is showing - return not to be submitted

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Gaurav
09 January 2013 at 12:33

Sale of paintings by artist

If a person is an artist. He makes paintings that are displayed in exhibition and are purchaseed if anyone likes it. Will the receipt come under sale or professional fees.

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Anonymous
09 January 2013 at 11:43

Is pan card is required??

Dear Experts

I'm employee on an organization,I have been working for 2.5 years.

so far i didn't applied for PAN Card & from the past 7 months i've been charged approx Rs 5000 as income tax

I dont know why? may be it bcoz of PAN card, if it is so can i get refund once i got the PAN card

Pls advice

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Awadhesh Gupta
08 January 2013 at 17:15

Income tax

A flat was purchased from DLF for Rs. One crore to be completed within 36 months. DLF delayed possession upto five years.
DLF paid Rs 18 lacs as 'Penalty for delayed Completion' of this real estate contract'

Question. I wish to know whether this penalty is taxable in the hands
of receiver? or can it be reduced from cost of the flat?

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RAHUL
07 January 2013 at 18:16

Tds

Dear Sir,

We book a hotel for business purpose of rs. 250000/-. Tds will be deducted in that amount & which section.

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Ramesh M
07 January 2013 at 15:08

Gift.

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.

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srinivas K.N
07 January 2013 at 14:31

Property value

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.


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Harshit Doshi
06 January 2013 at 17:17

Withdrawl of epf

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?

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Anonymous
06 January 2013 at 13:41

Donations received by private trusts

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.

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Anonymous

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.

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