What is the procedure of applying to chief commissioner of Income Tax for the purpose of clause (ii)(b)of the proviso to section 17(2)for claiming exemption in respect of medical facilities.

Is there any specified format of application and what are the other requirements for this. Please provide me all the requirements.

Thanks

had cut and sold trees on my land to clear the land for making apetrol pump.but it did not work out so the land was also sold in the same year.the land is agricultural.can this be treated as adventure in the nature of trade and be taxed as income from business and profession?

on what grounds can the release of jewellary siezed during search be rejected after the CIT (A) has accepted assesse's appeal but if the dept has gone into appeal in the ITAT?penalty proceedings were initiated at the time of assessment.

hello friendzzzzzz
plz help me out from this problem....
there is difference in valuation in value of building in cost incurred by assessee and valuation made by valuation officer.
now my quest is whether how much variation in terms of percentage is allowed b/w two valuations
example valuation made by assesee--rs50 lac
valua by valuation officer rs60 lac
we are of opinion that 10% variation is reasonable and justified
and there is no need of addition made by A.O

plz explain it with decided cases also,if any...
thankx

Whether withholding tax under Sec195 for Reimbursement of expenses on cost to cost basis would apply.

Please Advice Me whether a person whose income exceeds Rs 40 Lakhs by combining 2 incomes(One From Manufacturing Activity & Consultancy Services)is Covered under Sec 44AB??? Plaease mention the Case Laws for the refrence.

Hello,

Can u pls guide me on this ?

Assessment order passed. additions were made. penatly proceedings have been initiated.

We agree to additions but we have not at all evade the tax.

LTCG - added in our income. additions is correct
but we by mistake that share added in another co-owner. which proves that we nt having intention to avoid tax.

now what we can do ?

whether to file an appeal or not ? do reply its urgemnt

I would like to know whether designing and development of Website for client would be covered under professional services or contract for tax deduction.

Hello,

We request any one to clarify this issue.

Our is an Apartment Owner association and we’ve collected Rs.1 crore from all members and Fixed deposited at Nationalized Bank.
Bank deducting 20% of our returns towards TDS. Our Auditor asking us to pay 10% advance tax in addition 20% of TDS since the Interest income should not be clubbed with any other income and this income may not be allowed to claim expenditure of Building maintenance, any other expenditure.

1. Why Interest Income need not spend for building expenditure or any other expenditure?

2. Is it mandatory to make advance tax 30% on all Interest returns?

Regards.
C.K.PRAKASH,

from october 1st 2009 no TDS has to be deducted on payment made to Transport contractor if he furnishes his PAN no. Deductor who make payments to transporter without deducting TDS ( as they have quoted PAN) will be required to intimate these PAN details to the income tax department in the prescribed format. I want to know what is this prescribed format ( form no. if any) and the last date for intimation about non deduction of TDS to income tax department.