A land is situated in a village area having a population less then 10,000 and 2kms outside from the municipality limits of a big town. Is it an agricultural land or not for the purpose of income tax under capital gain?

1. My client is a banker and credited interest as on 31st march, after deducting the TDS thereon, to the customer.
2. He has not remitted the interest but only credited to the customer a/c. TDS is remitted on 10th April by a challan.
3. IT Dept sent a notice for interest demand for delay in remitting of TDS stating due date is 7th April but as per my view it is 30th April since banker only credited the interest but not paid on 31st march.
4. Now Dept is a asking for revising the return by stating it as a book entry method.
5.But I can not revise the return as suggested by the IT Dept since book entry mode is applicable to Govt deductors only.
6. Is there any case law in this regard, to confirm that due date is 30th April but not 7th April in case of amount credited but not paid on 31st March.
7. Should my client pay the interest demanded by the Dept or submit rectification by quoting a case law to waive the interest demanded by the Dept.
Please guide me to act further

7.Thanks in advance

My client lost password and itr v but having intimation u/s 143(1) but e filing no is not mentioned in it bot fox refrence no. Is available I have sent login information to validateefleing but no response received from there. How can the password shall be change.

WHETHER HUF CAN GIFT TO ITS MEMBERS, OR IT IS INCLUDED IN 50,000 RS. FROM ANYONE?

As per Budget 2012,


New section 56(2) has been inserted in case of a company not being a company in which public are substantially interested wherein the Share premium received by the company on issue of shares in excess of the Fair Market Value to be treated as income under the head ‘Income From Other Sources’
(w.e.f 1/04/2013).


Please guide me how to calculate the FMV of the shares? ?

I have a transport and also a truck which is going for carting to anther state with
loading some goods to one industry to another industry.
i want to know about my two profession
1. my own transport (commission income)
2. truck carting income (which includes expenses) when we less from carting we
received net profit
so i want to know which profession i can use for sec. 44AD for less tax and guide me
about second profession how do i include it in trading a/c ?
thanks..

Could somebody suggest the ways by which a company can build its capital with least tax after the amendments of Union Budget 2012-13.

i want to know that which practise book referred for Income tax concpets and practise.

there is long term capital gain on the previous year.this gain is kept with bank & lock that period or it is not used as per the section of the income tax.


but assesses is not able to pay tax on long term capital gain.

yet still no notice is issued to assess see.

to minimize the interest & penalty ,what is the duty of the assesses?

can he himself do take initiative to writing the letter of hardship?

how is it make sense?

Dear Sir,

I had made a FD in joint Account.I want to know wether I am free to show the proportion of interest and Investment in the respective personal account the way I want to.


Further in whose Personal file should I be claiming the TDS refund.

It would be great if you could make me aware of any relevant provision in the IT act.