dear ir,
a party who was salary person & he received salary from the oriental ins.co.he was death in 2009..nw his family received a claim of rs.415000 of policy & as per 26as tds has been deducted rs.18000..
sir i want 2 know that how to apply effect of policy amount received & that amount is received with interest..but party doesnt know the interst amount included in rs.415000..whether the interest amount received on that is taxable?or fully princial+interest amount is exempted?in which section?

A man has purchased a property in 1990 & after that in year 2011 he constructed the 4 storey on that building. now he has sold the 1/4th part of the land along with one storey.
now whether the gain on slae will be long term or short term?

Will Construction of property be treated as Improvement in already existing property?

Cash Deposited and withdrawn during the year in saving account from cash balance so many times it is allowable by department or not ?and total deposit during the year may be above 10 lacs is allowable by department or not ?

We had given packing contract to one individual. he is giving invoice which is in his own name but not company. he had submitted individual pan card. clarify how much tds should i deduct from his bill

Whether order passed by assessing officer u/s. 143(3) read with section 263 is appelable to CIT(A) or not u/s. 246(A)?

I want to know that if a person is earning a income from other sources such as commission or such and for earning that income he is using a laptop or other asset. he is using that asset purely for earning that income. now will the depreciation of that will be admissible???

And also if a person has an Asset in his own name but claims to use it in his business than what???

and finally if an assessee has a tution class which he conduct at home and considers as income from other sources and purchases a laptop purely for help in tutoring as to make papers and research etc. so what about depreciation then???

Dear Sir,
Assessee TDS was deducted amount Rs. 7500/- in F.Y. 09-10 same is showing in 26AS but he has not claimed that amount in the return filed on 31-3-2011 i.e belated return. Is it any solution available to claim that TDS refund.

An Indian company has paid Commission to foriegn agent for the export purpose.
Is the Indian Company Liable to deduct tax at source? please give the reason of the same in support to the answer.

What are the Conditions for Claiming for Additional Depreciation i.e 20% on new P&M

Dear Experts,

Whether Section 269SS and 269T is applicable to individual who have only bank interest income.

i mean one individual who have bank interest & short term capital gain, have taken cash from some his relatives & friends, and paid them in next years.

whether received above 20000, penalty can imposed.