Suppose a company is organising an event for its employees and their families. The company have an unregistered club (No pan number)who organises the event. The club calls a singing star for his performance in the event.The company has given an advance of Rs 1,80,000/- to an employee for paying to the artist.The payment is done without deducting TDS. IS it valid????

Sir,

I purchased a machinery way back in 2000 and now in 2012 I have purchased an INSURANCE SPARE and capitalised it. Can I claim Additional Depreciation on it ?

Dear,
I want to ask about section 54 of income tax act. Actually I am selling my house very soon so i want to ask what should I have to do to save my tax on capital gains resulting from difference in circle rates prevailed at the time of purchase and rates prevailing now?...
What is the time limit to invest in new residential property?
What is required tax rate?

In case of Commodity Derivatives Trading on a Recognized Stock Exchange..

1. What will be the turnover? Absolute sum of profit and loss on each commodity or the actual turnover?

2. Whether it would be considered as a Speculative Transaction or Non-speculative Transaction in light of proviso (d) to section 43(5)?

My grandmother wants to gift me Rs. 2,00,000 by way of cheque. Whether gift deed is necessary? What provisions should be kept in mind.
(My grandmothers entire capital is white.)
Kindly reply asap

a housewife who has just deemed rental income from second house of rs 50000 and 20000 other
and has 80c rs 20000 for previous year. she sell a long term house of rs 10 lakh which coa is 2 lakh so long term cg 8 lakh
she has purchased a house of rs 4.5 lakh
now remaining 3.5 lakh. how to save from tax?
we can use capital gain account scheme
after two year also she has only 80000 as normal income.
cant use 54 ec six month time over.

An Individual has juricdictional ITO in Ahmedabad (Gujarat) having Address in Odhav in ITO Ward 3 (1) Ahmedabad till 2008 based on such Address & in PAN Also.

Subsequently He changed the said Address to New Address at Isanpur by filing modified Form 49A and obtained also New PAN card & Letter from NSDL,Pune.Accordinly the New Juricdictional Area of ITO comes under ITO ward 6 (4) Ahmedabad based on changed address as notified to I.T.Deparment.
further based on that I have filed ITR relevant to Asstt.Year 2011-12 online by mentioning ITO 6(4) Ahemedabad.

However when review the same on efiling incometaxindia website through my account menu as well as my pan Status still it is showing the old ITO Juricdictional Authority i.e. ITO ward 3 (1) Ahmedabad.

How to rectify the same with deptt. as i am going to ITR online for this Asstt.Year 2012-13 what i have to mention in juricdictional AO Area in General Information in Excel file of ITR.

I am a NRI. I have booked one flat in India by payment of 18 lac from my NRE Bank A/c. 25% amount is yet to be paid.But I now want to Get it Regd in name of my mother by showing the sum paid as Gift to her. Balance payment will be done by my mother.
How can I?
What is to be done by me.
shall I write a Gift letter/
Kindly suggest me.

Rakesh

Dear All,

Can you suggest some measures of tax planning for a salaried employee having salary income equal to Rs. 600000/-.

Please suggest the measures by which tax liability comes to minimal or nil tax

Thanks in Advance...

OUR CLIENT HAS ENTERED INTO AN AGREEMENT WITH FUTURE GROUP(FVRL) FOR SALE OF PRODUCTS FROM ITS(FUTURE GROUP) SHOPS IN THE MALL. NOW AS PER THE AGREEMENT CLIENT WOULD PAY 58 LAC FOR THE WHOLE AGREEMENT
NOW MY QUERY IS WHETHER PAYMENT MADE COMES WITH IN THE PURVIEW OF SEC 194 J,AS THE CLIENT IS USING THE BRAND NAME 2 SELL ITS PRODUCT,
WHETHER IT SHOULD BE TREATED AS RENT AND TDS WILL BE DEDUCTED UNDER 194I,