explain -
" in case agriculture land transfered in spesified area the exemption can be claim u/s 54b by purchasing new land within 2 year after the such transfer."
Q1-can we purchase a land in any area other than specified area.

IF THERE IS ANY MISMATCH IN REFUND WHICH I HAVE CLAIMED IN ITR AND ORDER U/s 143(1) THEN WHERE CAN I FILED THE 154 APPLICATION,WHETHER MY TERRITORY OR CPC,BANGALORE.
ALSO WANT TO KNOW IF IT MISMATCH WITH AS26 THEN CAN I FILE FORM-30 FOR BALANCE REFUND CLAIM AT ASSESSE AREA OR CPC,BANGALORE.
THANKS IN ANTICIPATION

is FORM No.13 for lower tax deduction submitted to A.O. for particular assesse or the ITO(TDS) of TDS deptt?

I am having a mutual fund distribution firm (sole proprietorship)with commission income (brokerage) of Rs. 8 Lakhs/annum. Can I claim presumptive taxation by declaring income at 8% of 8 Lakhs i.e. Rs. 64,000 even though my actual profit would be much more ? If yes, how do I account for the additional profits in my
books of accounts?

Is this provision also applicable to partnership firms having turnover below Rs.60 Lakhs?

Thanks and Regards

Full Value of Consideration received Rs.23 lacs for sale of flat in Asst Year:2010-11 but agreement is made in Asst Year-2011-12 so in which year the income will be taxed?

Dear Sir,
We runs a college under Trust and we have tie up with a foreign university. now we have to pay them fee per month as technical service provided to us.
Sir my query is about TDS applicability and if we have to deduct TDS then what will be rate of TDs?
Please guide about the matter.
Thanks,
Ram Sharma
p_ramprasad123@yahoo.co.in

X borrowed 106000@21% interest on 10 march 1999(date of repayment 16 jan 2008:date of completion of construction 6 march 2004. plz clarify what will be the amounnt of deduction available ? plz its urgent

compensation received from builder against redevelopment of building and also rent received from builder whether it is taxable or not in the hands of recipient

R/experts
assessee don't have permanent residence and and the residence mentioned in PAN database is also sold by assessee,now assessee is having refund of Rs 20000/- how to claim it if he furnish return at some city other than city mentioned in PAN database??

Dear Experts,
Can the Export Freight charges paid on export sales be classified as Direct Expenses in Tally ERP 9 version. If yes then it affects the Gross Profit of the firm. Else should it has to be classified as indirect expenses thereby we can show it in P&L a/c (dr.side)
Which one is the correct as per accounting principles?
Thanks for all the experts.
With regards,
Rajesh.