Can any one provide me details for income tax 2011-2012,from where i can get total details for 2011-2012

i have received a gift from my mother in law for Rs. 50000. where to write the same in itr4 and under which section the exemption has to be claimed in itr4.
thanx in advance

Hi,
Can anyone brief me abount the LTA exemption procedures. Is there any limits applicable for LTA ?
Thanks in advance

Our client is a company mainly based in Israel. But now they have incorporated a company in India. They have purchased one office in India. Employees of Israel based company will do interior work of that office. Salry is paid by Israel based company. So my question is, whether expenses incurred for those employees of Israel based company, such as rent, meal etc. will be allowed as expenditure?? Or do we need to capitalize the same to cost of Office.??

Hello !
u/s 50c full value of consideration is taken as value adopted by thestamp duty authouity of state govt for the purpose of stamp duty payment.
Here Assesee has an option to to challenge the valuation adopted as he may think tht its higher thn fair market value.
My q isif transfer takes plac n wer asessee has already sold d land thn whthr this right of challenging is available to him b4 filling ITR ?

Can anyone please tell me the, What is business conduct Agreement in detail, & Provision of Business Conduct agreement as per Income Tax Act.

Dear Experts,
we have received a notice from Income tax depp U/s 201(1) for short deduction of TDS in f.y 2008-09.
(
rs.40930+ interest 660, now we will pay this short TDS amount in this year 2011-12 what are the entries which we have to pass in the books (2011-12) since we can not change the audited balance sheet of 2008-09,
Ist entry
1) expenses DR
2) TDS on proff CR
3) Party CR
(narration Short TDS for the year 2008-09)

IInd Entry
1)Tds on proff services DR
2) interst on TDS
2)Bank A/c CR
(Being TDS Deposited)
Now my question is shall we also file a revised return for 2008-09 & fresh form 16a should be issued to party.
& if he already filled his return for the f.y 2008-09 , can he take credit of this revised form 16a .
thanks ,
Nitin Bhatt

A company (XYZ) purchases electronic items from Company ABC for the purpose of resale. On purchase of items worth certain predetermined amount, Company XYZ receives reward points for the same from Company ABC. These reward points can be redeemed from a third party (Company DEF). What will be the tax implications for the same for ABC,DEF and XYZ.
Can I know the relevant section or case laws for the same.

Thank You,
Ankita

The return was e-filed. The balance tax (total tax - tds - advance tax) was wrongly deposited under the code 400 – TAX ON REGULAR ASSESSMENT instead of code 300 – SELF ASSESSMENT TAX due to which credit of this tax is not allowed by CPC and demand for the same amount is created. The rectification return is filed but of no use. On contact the CPC advised to get the challan code corrected by bank. The bank was contacted for this correction but bank could not do the correction.

Pl advise now what to do.

i received intimation from CPC bangalore u/s 143(1)

in that intimation they computed correct refund claimed rs. 149452+8964 = 158416.

but not issued REFUND they ADJUSTMENT OF REFUND AGAINST DEMAND OUTSTANDING FOR 2008-09.

BUT IN A.Y 2008-09WE CLAIMED RS. 127360 TILL DATE NOT RECEIVED. OR NOT GOT ANY DEMAND.

MY QUERY IS THAT.
1) CAN I FILE U/S 154 RECTIFICATION FOR A.Y 2010-11 ONLINE. ? IF YES THEN REQUIRED TO SEND .xml FILE AGAIN.

2) A.Y 2008-09 REFUND NOT GOT . ?
I MEET AT WARD OFFICER THEY TELL ME FILE APPLICATION FOR THIS ONLINE. ?

CAN I FILE APPLICATION ONLINE. ???

PLEASE GUIDE.. URGENT....