Dear all,
One of my friend is vacating a prime property which is on reant to some other person and getting Rs 35 lakhs as charges for vacting. Under which head this amount will be taxable

Please advice

Friends,

One of my friends is work with private Limited company and his net taxable income is 2,65,000/- (Tax due Rs. 6695) for the Asstt. Year 2011-12 and I also have taken free interest loan for Rs, 55,000/- in April 2010 from the company and paid installment Rs. 1,000/- per month. Is any income tax payable on tax free interest loan Rs. 55,000/-, if yes, how much amount payable. If yes, how much amount. & when loan below with amount 25000/- when also interest calculate or not.

fixed monthly Amenities(Repair & Maint. Charges) paid to owner of the house property, whether these expenses are liable of TDS deduction u/s 194I?

NOTE : Please read all question as interlinked.


1. Can we issue the New TDS certificates with Correct PAN deatils without revising TDS returns ?

2. Does we need to revise the return suo-moto without being asked by IT department but instead being requested by our vendors who are being denied the credit by IT department due to wrong PAN details put in by us.

Is there any remedy available for vendors without asking us to revise the TDS return ?

3. How can we revise the TDS return for revious years only for correction of PAN details. HAs it to be revised Quaterly ? Can it be revised only for the details need to be corrected ? or suggest any other convinient procedure for revising it ?

Sir what is remand report issued by Income Tax Dept. and when it is issued and what are the reasons for issuing remand report ?

SIR jai shree krishan
i have CREATED A TRUST 7 YEAR BACK AND SINCE INCEPTION Trust has RECEIVED CORPUS DONATION FROM CHATITABLE TRUST REGISTRED U/S 12A APPR Rs. 18 LACS TILL THE F. Y. 2009.10. AND Trust APPLIED FOR REGISTRATION U/S 12A ON AUGUST 2010, and get registered u/s 12A wef 01.04.10 NOW A.O WANT TO TAXES Rs. 18 LACS AS INCOME. PLEASE TELL ME WHAT IS THE TRAETEMENT Of THIS. can Ao is right is his action and what is the remidy

Is that the TDS provisions will also be applicable to Director's Remuneration in case of an Indian Pvt Ltd co.? If so at what rate? In which head of income will it be taxed in the hands of Director - Whether Salary or Business Head? Whether the payment is covered by Sec.40 A (2) and 40 A (3) of Income Tax Act?

Hello Experts,

My ques. is that whether new grounds of appeal can be entertained by the ITAT when appeal is made by ITO against the order of Commissioner(A)? Is it necessary that the grounds of appeal should remain same as it was at the time of appeal to comm.(A)???

Dear Sir,


Please distinguish between Dearness Allowance and Dearness Pay with reference to Income TaxAct, 1961.


Thanks & Regards

What is the proces of Registering H.U.F. and what are its benefits from Tax point of view ?