I had been with a company of less than 5 years and my epf amount has been withdrawn. I want to know how is tax calucated on EPF. For eg., the withdrawn amount has following components:
A - My contribution
B - Interest on my contribution
C - Company contribution
D - Interest on company contribution.

Will the tax be calculated on (A+B+C+D)? Also, is some kind of indexation applied over the years?

A man was purchased a land in 2008. he sold this land in 2011 before complete 3 years. It means Short Term Capital Gain. he invested sale amount in construction of house and construction in process. So I want to know that in which section the amount of construction will be exempted..?

Hi to all.....
My Query is
Suppose there are 2 partners in partnership firm and they decide to admit a 3rd partner. During admission of a new of a new partner,existing partners decided to revalued the assets and liabilities of the firm,and after revaluation there is revaluation profit.
And Existing Partners decides to retire from the firm after receiving their respective share from revaluation profit.
So in such case what will be the tax consequeneces?

If the annual receipts of any educational institution existing solely for educational purposes exceeds Rs 1 Crore, is the income subject to tax? can somebody help me with an example?

I want to give 10 lac amount of my saving to my wife to start business of broking. If i gift her this amount, income from her business will be clubbed in my income... Other way is to give her a loan through cheque and charge the interest rate same or bit more as per bank fix deposit rate.... Please suggest me what to do and what will be the process to loan her the amount, what documents (i.e. stamp paper or any other)would be required to be signed by her & by which transaction stays under the income tax law....

thanks,

sir,
A firm had been closed on 01/04/2011.
Plz tell me the procedure to intimate the IT deptt. abour its closure and procedure for the surrender of PAN no.
Plz tell me the time limits also upto when this procedure is to be performed.........

Hi Experts
My Query is that My client had inverstment in infrastructure of Pearls PACL India ltd. He is paying annually amount, So whether he is eligible for deduction under 80c?
Please solve my Query ASAP

Thanks very much

If any one lost his pan card and forget his pan no. he did't have any document of the pan card. no information he available in income tax site.
1. is there any option to get his pan no.
2.or can he applied for new pan card.

Hi,

It seems I did a huge mistake and realised it a little late.

I have two PAN Cards, one which in use about 4 years ago. I lost that PAN applied for a new change and IT Dept. issued new PAN. That was shear carelessness and I agree I should have behaved responsible.

Now the card which was issued to me as a replacement has been in use currently, infact I have never quoted my old PAN after receiving my new one.

I have even applied for cancellation, I have requested IT Dept to cancel my old card which is not in use and infact I don''t even posses.

I would like to understand whether IT Dept will act per request of cancelling my old card or they will decide as to which card to cancel.

I am trading in Commodity Market via MCX Exchange on daily basis. I would be greatful if my query regarding rate of Tax applicable in my case, whether it is treated as Business Income or Speculative Income. My second question is which figure should be taken as total turnover for the TAX Audit purpose only either it is sale value of all the contracts or total of profit & loss on settelment of contracts or margin involved on daily basis.

Thanks & regards