I have received a gift in cash of Rs. 1,50,000/- from my grandmother (she has no identity or address proof). So, my quetion is that will this gift be taxable? & what will be the stamp duty charges for such gift deed? also, is it necessary to get such gift deed notarised from any advocate, so as to prove such gift transaction in front of any income tax officer or assessing officer? if yes, then what will be the stamp duty charges & the notary charges for such gift deed? PLEASE HELP ME OUT????

Sir...is there need to deduct TDS on payment to transporter....

WHAT WILL BE YOUR ANSWER IF TRANSPORTER DO NOT PROVIDE PAN NO....

Dear Sirs,

I would like some advice on how to pursue obtaining my income tax refund. I have filed my return for the last 3 years electronically with CPC Bangalore and for all of them the refund has been approved, as indicated by the Intimation U/S 143(1) which I have received back from them. I had asked for the refund to be deposited in my bank account by ECS, however no refund has been received for any of the years.

When I check online I find refund status as “Failed”. However reason for failure is only given as “Others”. There is a Response Sheet for refund failure, however the only thing to rectify on this sheet is bank account details. In my case the bank account information I provided on my return was accurate, so there is nothing to rectify.

The refund status also states I can contact SBI refund banker to obtain further details. I have contacted them by e-mail (itro@sbi.co.in ) and phone (18004259760) with no response. I have also contacted IT Dept CPC in Bangalore by phone (18004252229, 080-43456700, & 080-22546500), no response, and also tried ASK (Aayakar Sampark Kendra) by writing to refunds@incometaxindia.gov.in and called them at 0124-243-8000 and of course no response.

Finally, I saw a new facility on the IT e-filing website (https://incometaxindiaefiling.gov.in/portal/index.do ) where you can request refunds to be resent by mail (by paper to PAN address). I did this about 3 months ago, but there is nothing happening. Also, there is no facility to get any further status, since they do not allow any inquiry until prior request has been answered, and they are not answering the prior request (they have not even assigned a ticket number to the requests even after so many months)!

Also, in my Form 26AS for FY 2011-12 (AY2012-13) CPC Bangalore has reported Interest earned and TDS for the interest on the refund that they have supposedly paid me, even though I have not yet received anything!

I would really appreciate any advice on why this problem is occurring and how to pursue this so I can get my refund. Thank you for your help.

In what cases Change in method of depreciation is allowed ?????????

INDIAN INSURANCE COMPANY WANTS TO MAKE PAYMENT TO UK BASED COMPANY WHICH IS HAVING PAN OF INDIA.
NATURE OF PAYMENT
1) INSURANCE CLAIM IN USD
2) SURVEY FEES (PROVIDED IN BOMBAY) IN GBP

IS THERE ANY LIABILITY FOR TDS ?
AND AT WHAT RATE?

please let us know what is exact meaning of Unique TDS certificate No to be mentioned in Form 16A downloadable from TIN website in case of Companaies/Banks.This is in 8 Digits.

Which one is to taken as said Unique No for the purposes of E-filing of ITR along with TDS Schedules.

Please clarify.

i have filed a tds return but the client has paid the challan for Q1, Q2, Q3 how can i file the returm

An individual becomes a major on 9.1.2013 (i.e. in F.Y.2012-13). Till F.Y.2011-12,the minor's income was clubbed with her father's income.
The queries :
1) Just as an individual is considered to be a senior citizen for a F.Y. if she completes 60 years of age anytime during the F.Y.,would the minor also be considered as an independent resident assessee for F.Y. 2012-13? If so,does it mean that a separate I.T.Return will have to be filed for her during F.Y.2012-13 incorporating the ENTIRE income earned by her during the year(including the period from 1.4.2012 to 8.1.2013 when she was a minor)?
2) Or is it that the minor will be considered a major only from 9.1.2013 and hence all her incomes from 1.4.2012 to 8.1.2013 will have to be clubbed with that of her father for F.Y.2012-13?
Thanks for your help.

Dear sir,

Is TDS is to be deducted on transfer of Funds from NRO to NRE account in India by a Non Resident.

An Individual had purchased a residential flat in 2005 for Rs.20lacs which he sold off on 17/5/2012 for Rs.60lacs. He had already purchased another flat on 20/5/2011 for Rs.72lacs of which 60lacs was by way of loan & 12lacs his own contribution. From the sale proceeds of the previous flat he paid off the loan to the extent of Rs.60lacs. So will he be able to claim exemption of the capital gain on the sale of the old flat against the paid off loan amount of the new flat?