A Company wish to gift a car to a consultant apart from the agreed fee, as he helped them in acheiving financial closure of a project in quick time. whether TDS provisions are applicable in case of gift of car. if yes, which section/case law deals with this?

please help me out

If an assessee sells a residential house and purchase the reseidential house from her wife name, whether exemption u/s 54 can be claimed.
If Yes, Whether A.O can treat it as Gift or Loan to wife and taxed the same under the head income from other source.

One of my clients(indian company) have paid commission to a japan company. Is this indian company have to deduct tax at source on such commission paid? If there is any case law or articles on this topic, please let me know.
Thanks in advance

Sir, i need to ask for surrenderig pan of firm,is there any applicaton format to write to AO for this purpose.
or a simple application could be given ?

please reply

When assessee expired before October in the previous year. Whether income earned by the expired person in the previous year is taxable under income tax act 1961? Who has to file expired persons return ?

Dear Experts,
How can we get eTDS returns FVU file for last 2 years.

Thanks,
Nagaraju.

contribution to unrecognized provident fund is disallowed while compuitng business income.


But if the fund gets recognized with retrospective effect, will the previously disallowed contribution be allowed subsequently????????
please answer asap

What is a definition of words "Contract" & "Professional Services" in light of provisions relating to TDS under Income Tax Act,1961.

How to draw difference between "Contract" & "Professional Services" when a services rendered by person can be prima facie covered under "contract" & "professional services" both.

Our Corporate Cient generally Sales tax, Service tax, Duties etc are routed through Balance Sheet. But AO wants to disallow certain Taxes which were beyond the stipulated date. Myself objected to saying that Sec43B has no application as the taxes etc are routed through Balance sheet. But AO wants to have Sec145A workings to find out taxes impact on Profit and Loss. Is it correct.

> IT Return (ITR IV) of a proprietory business has been filed electronically u/s 139(4).

> Section 44AA was applicable to the business & books were maintained by the assessee, but in the Return it was set at NO.

> Balance Sheet and P & L a/c were filled as per NO ACCOUNT CASE.

> There is a REFUND of TDS amounting to Rs. 17000 /-.


> ITR V has not yet been posted to Banglore.

> Since it is a BELATED RETURN, it cannot be revised.

So please suggest a remedy as soon as possible so that the client gets the refund without much hassel.