My wife earns interest on bank FD; the FD money was gifted by me to her. How will the clubbing provisions apply and how should i include the income in my ITR as TDS is deducted in her name. Kindly help.

whether there is any decided case law -

a firm manufactures candle from paraffin . whether this activity amounts to manufacture or not

sir,

we are making payment to Kenya Government for inspection of our unit in India. here my quation is

1) TDS Payable or not
2) if TDS is there how much percentage we have to deduct?

CAN NAME OF HUF BE CHANGED IF NAME OF KARTA HAS CHANGED
NAME OF KARTA
HIREN NAVIN SHAH
HAS CHANGED TO
HIREN NAVIN GUDHKA
SIMILARLY
CHANGE OF NAME OF
HIREN NAVIN SHAH (HUF)
TO
HIREN NAVIN GUDHKA (HUF)

AND ANY PROCEDURE

F.Y. 2006-07 In Loans and advances name of X shows by Rs. 5,00,000/-

After 4 Years(F.Y. 2010-11) capital gain arise Rs. 4,30,000/- (Assume after all calculation)

In that year i write off Mr. X's a/c as Mr. X is not eligible to pay my money.

So, Now Tax Treatment will be in LOSS (After set off u/s 70) Loss will be Rs. 70,000/-.

HEY MY FRIENDS ONLY EXPERTS WELCOME..........

Dear Sir,

To take part in 5 Exhibitions at 5 different places on 5 different dates, we have paid to Exhibition Organiser five cheques of 34300/- each (35000 less 700/- TDS-94C). Now one exhibition is over and they have sent one bill. We paid that bill after adjusting advance of 35000/-.
Now we will not take part in remaining 4 exhibitions. We want our money of 4 Exhibition (paid in advance) back. My question is what amount we should get back. 35000 or 34300 ? Since, we have deducted TDS and deposited in bank also.
If we receive @34300/-, then we have to give them Form 16A for 4 exhibition in which we have not taken part. Also party will not give @35000/- as we have deducted TDS and deposited in bank.
Confusion. pl. advise.
anckoora

How to calculate TDS?Plz give me example

Hello all,

I recently recieved this intimation 143 from CPC where i have been asked to pay 618rs.

This is what my situation is:

1) I filed my return online through perfios a finance manager portal.while preparing i got a tax payable of 660 rs which i didnt pay while filing return. I paid 660rs as self assesment tax later.

2) Now it was re-calculated as 618 and i got this intimation.

I called customer care CPC and they said u need to have the xml saved during the return which i dont have and i am not sure as i filed through another website(perfios)

Please help me how should i go about it now?

Since TDS deposition has been mandatory for e-payment. then in this case, will TDS deposit date be next day if 7th day of the month is public holiday?

A PERSON(senior citizen ,IT assessee) HAS TWO different HOUSE PROPERTIES.
IN THE CASE OF ONE HOUSE PROPERTY, HIS MAJOR SON AND THE PERSON ARE SHOWN AS JOINT BUYERS RESPECTIVELY IN THE SAME ORDER WHEN THE PROPERTY WAS REGISTERED intheir names AT THE TIME OF PURCHASE.
IN THE CASE OF THE SECOND HOUSE PROPERTY,THE PERSON AND HIS WIFE ARE SHOWN AS JOINT BUYERS RESPECTIVELY IN THE SAME ORDER, WHILE REGISTERING THE PROPERTY PURCHASED
1.) NOW MY QUESTION IS WHEN THIS PERSON SELLS THESE TWO PROPERTIES AND BUYS TWO MORE HOUSE PROPERTIES , TO TAKE ADVANTAGE OF CAPITAL GAINS TAX EXEMPTION ,
IS IT REQUIRED THAT THE NAMES OF BOTH ( SON AND FATHER IN ONE CASE, AND THE PERSON AND HIS WIFE IN THE OTHER CASE) SHOULD APPEAR IN THE NEW PROPERTY REGISTARTION DOCUMENTS IN SAME ORDER AS SHOWN AT THE TIME OF PURCHASE ?
OR THE FIRST NAME ( APPEARING IN THE PROPERTY DOCUMENTS WHEN REGD.) SHOULD APPEAR
OR ANY ONE NAME IS SUFFICIENT.

2.) NEXT QUERY ON THE ABOVE ISSUE IS
THAT THE MAJOR DAUGHTER AND MAJOR SON ( WHO OWNS ONE HOUSE JOINTLY WITH HIS FATHER) OF THE SAME PERSON , TOOK HOUSE LOANS TO BUY TWO NEW PROPERTIES . SALE AGREEMENTS ENTERED AND 50% SALE VALUE PAID THROUGH BANK LOANS BY DAUGHTER AND SON RESPECTIVELY.
THE FATHER WANTS TO USE FULL SALE PROCEEDS OF HIS ABOVE EXISTING TWO HOUSES ( WHICH HE IS SELLING) IN THESE TWO NEW PROPERTIES.(IN THE FORM OF REPAY BANK LOANS TAKEN BY THE DAUGHTER AND SON FOR PURCHASE OF THE NEW HOUSES---- BANK LOANS ARE IN THE NAME OF SON AND DAUGHTER ONLY FOR THE TWO NEW HOUSE PROPERTIES RESPECTIVELY--),
BANK SHALL RETAN BORROWER’S NAMES ( THE DAUGHTER AND SON BEING THE BORROWERS) ON THE (NEWLY FINANCED) PROPERTIES REGN. DOCUMENTS .
AGAIN MY QUESTION IS IN WHAT ORDER THE NAMES SHOULD APPEAR WHILE REGISTERING THE TWO NEW HOUSE PROPERTY DOCUMENTS TO AVAIL CAPITAL GAINS EXEMPTION BY THE PERSON CONCERNED,HIS SON AND HIS WIFE WHO ARE ALSO JOINT OWNERS IN THE TWO EXISTING PROPERTIES?
SINCE THE BANK MAY INSIST BORROWER’S ( THE DAUGHTER AND THE SON), NAMES TO BE SHOWN FIRST IN THE NEW PROPERTY DOCUMENT, (AT THE TIME OF PROPERTY REGISTRATION)S,
HOW THE ORIGINAL OWNERS (SON AND FATHER IN CASE OF ONE HOUSE AND THE PERSON AND HIS WIFE IN THE SECOND CASE ) AVAIL CAPITAL GAINS TAX EXEMPTION?

THANKS,
R.V.RAO
raovr2001@yahoo.com