An assessee had been filing return in kolkatta before marriage . After marriage in Delhi she Applied for New PAN CARD(surrendering the old one) by changed address of Delhi.NOw can she keep on filing return with changed PAN(number)in the same ward in kolkatta?(source of income interest and tution fees)

Dear Experts,

Whether LTCG on sale of shares & securities is taxable under the MAT or not?
pls.confirm.

I also need guidance note for MAT & computation of MAT, if anybody have pls.very urgent

Pls.reply asap.

Regards,
Prakash Jasani

Email ID: prakashjasani_56@rediffmail.com

Dear Experts,

Whether LTCG on sale of shares & securities is taxable under the MAT or not?
pls.confirm.

I also need guidance note for MAT & computation of MAT, if anybody have pls.very urgent

Pls.reply asap.

Regards,
Prakash Jasani

Email ID: prakashjasani_56@rediffmail.com

Hi!
If an assessee has inherited any property from his ancestors will that be inherited by him in his individual capacity or in the name of HUF .
If inherited in the individual capacity and later on converted to HUF property, will provisions of section 64(2)of income tax act and section 4(1A) of wealth tax act attract or not ??

Suppose a machinery is purchased two yrs. back and subsidy of that machine is received in current year and a new machinery is also purchased in current year on which subsidy is not to be received. now will subsidy be reduced from new mach. cost or old mach. cost.

Will it be ok to use the interest rate of 8% for 1 year loan to spouse in today's market scenario for IT computation?


The intention is to use adequate maximum rate. Exact scenario is given below :-

Husband's(H) gross income is higher than wife's gross income. Wife(W) gives her professionally earned money to Husband (H)as loan. H opens FD with bank. Bank deducted TDS with H PAN.

e.g. A ltd. has incurred expenditure on lucky draw for its dealer.(say bike )

wwther this should be treated as

1) sales promotion expenditure or
2) gift

state this with F.B.T. implication

can assessee can set off his advance tax or tds asset against fbt liability ?
if yes then under what section
please replay urgent

hii frnzz,
i hv a doubt regarding userid and psswd.
my client had filed the return last yr
(FY 2006-07) VIA ELECTRONIC FILING.
Nw wen i login to upload this yr's return(ITR 1) i get an error message saying invalid userid and psswrd..
wen i try to create new userid and psswrd a message saying "entry exists" flashes on the screen...wats d solution?????

i will be very happy if i get a solution as soon as possible..

Plz help me, Is the reimbursment of Internet Exp to Employee is liable to charge Fbt or not.
Thank's