Sir
A Property (Old House) given for Development to a builder with 60% to builder and 40 % to Land owner. The builder constructs 20 flats and 8 Flats were given to Land owner (4 Family members)and there is no monetary terms between the parties. What is the Capital Gain that to be paid by the Family members . Is there any exemptions.

AO passed the order u/s 143(3)after considering transfer pricing report and also assessee disclose all the material fact for the assessment. Later on CIT revise the order on the ground that manner of application of arm's length price was not correct without any new fact. Can the AO reopened the past case on the basis of CIT order.
Wouldn't it be considered in change of opinion of AO and not be authenticated to reopen the case.

Dear Friends,

CTC is 2.3 lakh p.a, Please guide me on tax benefit.

Thanks in advance

Does the SEZ unit needs to deduct tax ?
is their any exemptions in the SEZ act

LICI has recently launched a new Medical Insurance Policy "Health Plus". Under this a part is allocated towards Health Insurance Premium and rest towards Invetments in Units - which is refundable to the policy holders. In earlier GIC Mediclaim policies where there was no Saving/Unit/Invstment portion, but some private insurance companies had.
I want to know that DEDUCTION U/S. 80D WOULD BE AVAILABLE ON THE ENTIRE SUBSCTRIPTION OR ONLY ON THE AMOUNT OF PREMIUM ALLOCATED TOWARDS INSURANCE??

RESPECTED MEMBERS
company(co.) make payment of hiring chg and deduct tds u/s 194 i but party obtain lower rate certificate @ 2% contain total billing is rs 25,00,000 deduct tds according to taht but now at end of march my billing gose to rs 34,00,000 then this additional amt rs 9,00,000 how much co. want to deduct.

co will liable to deduct at 2% or 15% on additional 9,00,000 .

REGARDS
SM MAKWANA

i wrongly deducted the tds of a party by excess rate and deposit the same . how will i show it in e-tds return format by NSDL. is it right to show it in the return by excess rate

1.How to calculate H.R.A. in Income Tax.
please provide full details.

1.Trust Audit is mandatory under income Tax Act
2.If a trust has not audited his accounts and 3 years balance sheet audited with us on today. Then on today we will done the Audit as per income tax act or only Balance sheet Audit would be made by us.
3.can we file the Trust Audit of previous years in near future.
4. Any penalty provision impose on the trust.

Please inform whether tax is deductible on telephones/Internet under Section 194C. Are there any case laws to support the answer. I have seen some people deduct tax and some do not.