Hi,

My wife has taken 54F exemption in FY 2009-10 for the land cum residence construction which is completing next month, i.e, FY 2012-13.

She intends to gif the property to me after self occuping the house. Yes she is not selling the property.

My queries.

1. Will she loose the benefit of section 54F by gifting or gifting is allowed and all the exemptions are carry forwarded to the person who gets the gift?

2. If I develop the house gifted by my wife through a my own capital gain received from the sale proceeds of a land belonging to me, will I get exemption under Section 54.

Kindly refer or give a link to the relevant clauses or articles in income tax law, showing the same.

Thanks very much.

T Trust runs educational institutions and the Trust got Registered U/s 12A & 80G.
Whether the Trustees are eligible to receive remuneration for their services rendered to the Trust

if tds was to be deducted for fy ending 31 st march, and to be deposited by 30th april was deposited on 4 th may ? what will be the interest that will be levied? will there be any other interest to be levied on that interest?

1)Air condition are being purchased on rent from foreign company .
2)Is TDS to be deducted ?

sir,


please tell me what is the exempted amount of the TDS. because whan i see the tds rate list in simple tax india.com i am confused show please tell easy way how i know the exempted amount of the quter .tds return


Thanks & Regard
Ashish

IF A PERSON SELLS HIS FLAT ACQUIRED ONE YEAR BEFORE IN RS 10 LACS THROUGH POWER OF ATTORNEY FOR RS 12 LACS THEN HOW AND WHEN WILL THE CAPITAL GAIN WORKED OUT.

One of our client had made payment @ 25000/- to different 10 transporter, but no PAN had been provided by the transporter. Whether my client is required to deduct TDS or threshold limit of Rs. 30000/- will be applicable?

Let us suppose ABC Ltd. paid Membership fees to Hotel taj. The hotel bill is inclusive of Service Tax. kindly suggest whether TDS will deducted on bill or not.....................

Dear Sir,
An assessee who has got a residencial house of value around Rs. 30 lacs, after his grandfather has passed away in FY 2011-12.
Now please advise me how to treat this property while filing itr 4 of the assessee. Should I mention the house value Rs. 30 lacs in Schedule EI of itr 4 of AY 201213 or not.

Please clarify.
Thanks in advance.

Hello,

We are paying to foreign vendor towards medical transcription services (BPO services) in US dollars. We need to deduct any TDS from the payment. If yes then how much please let me know. Also on which amount we need to deduct TDS because after paying the amount we will know because exchange vary on a daily basis.