what is the form 16 & for whom it is applicable & in what conditions it will be applicable.

The AO served a notice u/s 148 at the address on which the return of income was filed with the department for that period. The basic question is based on following points.
1. That address on which notice was sent/ served is more than 6 years old.
2. During last six years more than six returns were filed with new address.
3. During last six years the department has sent more than four other notices or orders at new address.
4. The notice sent at old address was thru peon at old address.
5. No notice sent thru Mail or registered post or thru speed post at old or new address.

The question is whether the notice sent u/s 148 at old address will be presumed served or not.

There was a dispute among the partners of a three year old firm running a business. The dispute was settled and four partners out of the six decided to retire and a MOU was signed in this context by all the six partners. Each of the retiring partners has invested a sum of Appx Rs 30 lacs in the firm over the last three years. At the time of retirement the immovable properties were revalued and as a result of such revaluation each received Rs 2 crores. What is the position under the IT Act? Whether the surplus will be taxed as Capital gains?

Whether a son in law is relative for the purpose of non taxability of gift to him by father in law?

What deductions are available for arriving at lease income? An individual has leased a car to a compnay and received a monthly lease rent after lease tax is deducted. If the asset is financed by that individual with borowed money, can he claim interest on such borroed money? If on the other hand, it is financed without any borrowing, is there any deduction available on some assumed interest rate?

Please quote relevant sections.
Thank you.

If an Assesse has paid advance tax of i.e.Rs.50,000 and at the time of filling of return he found that the amount of i.e.Rs.10,000 is refundable to him by Income Tax department.

Now can he adjust the amount of refundable to him against the next year as an advance tax payment?

Or

Any kind of carry forward of excess tax paid is allowed in Income tax?

If yes then pls provide section or circular relevant to it.

FBT it is grouping under duties and taxes as FBT paid. when we pay fbt, it will go fbt paid to bank and enty will come debit side of FBT. How credit enty will come in FBT account. ijust want to know that if we paid as on account then where will grupe wheather it will go into FBT (Duties) or it will go in FBT in provision

whether accrued intereston NSC is exempt u/s 10
or not?

What can an assessee do if he does not receive TDS certificate from its bank before the due date for filing his tax return. Can he claim credit for the TDS in his return, or whether he will have to deposit self assessment tax and cliam a refund.

Is there any CBDT circular/ notofication etc on that?

What can an assessee do if he does not receive TDS certificate from its bank before the due date for filing his tax return. Can he claim credit for the TDS in his return, or whether he will have to deposit self assessment tax and cliam a refund.

Is there any CBDT circular/ notofication etc on that?