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,

Whether tds for a fy is deducted from interedt recd from both savings acc balance and fdr if cumulatively exceeds rs.10000?

Dear expert,
If a party opts Sec. 44AD and department is not in possession of any adverse material against assesse. Thereafter, still the department can ask assesse to produce books of a/c of relevant year or not.
Please advise me.

MY BUSINESS INCOME IS 407800 FOR ASS. YEAR 2012-13.MEDICLAIM FOR RS 9326. ADVANCE TAX DEPOSITE RS 20000 ON 8-03-12. PLS TELL ME AMOUNT FOR SELF ASSESMMENT.

Hi,

Since the past 2 days I've been trying to upload 2 ITRs.. One is ITR-6 for a Pvt Ltd Company and the other is ITR-4 for a Tax Audit Proprietor. Digital Signature is required for both.



In case of ITR-6, I get an error that there is some problem with the server.



In case of ITr-4, I get the following error:

PAN provided at the time of registration of DSC and PAN provided in verification portion of IT return do not match. Please ensure that the person verifying the IT return is the same as the person who has registered the DSC Please rectify the Above error(s) and upload your return again



Name in PAN records is Krishnakant . His usual name is Krishna. Could this be causing any problems?



I've tried 4 different web browsers on 4 different computers. Please help!