I had invested in krishna bhagya jal nigam deep discount bonds in the year 1995-96.Said bonds were to be redeemed in june 2006 but said company maintained silence and it was only when i took up the matter with them persistently with the help of sebi that they responded and assured of sending the proceeds and tds certificate before 31st july 2007 i.e date for filing return in my case.However the company did not send the tds certificate before aforesaid cutoff date so as to enable me to avail/ adjust the tds benefit amounting to about Rs.10000/ and despatched proceeds in form of cheque dt. august,2007 + tds certificate dt.31-03-2007(interpolation done in tds cert. by putting rubber stamp on printed date) in sept.2007,putting me at a loss as i had to file return of income on 31-7-2007.Please guide whether i can avail benefit / adjust tds amount in next year's return of income on receipt basis as i have still retained the postal envolope vide which said papers were sent to me and also clarify as to whether any action can be initiated for playing fraud on an investor and indulging in malpractise.Please give relevant provisions of applicable law for the above issues.Also advise whether the difference amount of principal and redeemed proceeds will be considered as interest leviable under "income from other sources" or as "capital gains" .
For expert comments please.

in my company for a.y 2008-09, we deducted tds from M/s. raj residency for lodge bill purpose tds rate taken as contractors.

now we know that the deductee does't having PAN No.

We are filing E-tds Q2, without pan No. in that cases, what is the treatment and now what i can do? please suggest me.

Hi!
iF WE INCURR SOME EXP.ON BEHALF OF OUR DEBTOR AND CLAIM ACTUAL REIMBURSEMENT THROUGH DEBIT NOTE .IS THERE TDS APPLICABILITY ON PAYMENT MADE BY THEM .

1) WHETHER REIMBURSEMENT OF EXPS. TO AUDITOR TOWARDS LUNCH & SNACKS 1) INSIDE PREMISE OF CLIENT 2) OUTSIDE PREMISE OF CLIENT ATTRACTS FBT ?

2) WHETHER DEPN. ON MOTOR CAR WILL ATTRACT FBT INLY IN 4 TH QUARTER OR HAVE TO BE CONSIDERED EVENLY THROUGHOUT THE YEAR ?

3) HOW THE DEPN. ON CAR WILL HAVE TO CONSIDERED IN CASE OF SALE OF CAR AFTER 180 DAYS

Hi,

I am facing a problem in relation to my client's policy of reimbursing the relocation expenses to it's employees in connection with their shifting base to NOIDA or GREATER NOIDA. They reimburse the actual expenses subject to the limit of Rs. 25000, both to new joiners and existing employees.

I am a bit confused with the FBT implications, applicability of Section 17(2) and that of Section 10(14) with Rule 2BB.

Kindly bless me with a professional advice.

Thanks and regads

CA Ahmer Ammar

Pls confirm whether WT is payable on agriculture urban land being in use for agriculture. Pls elaborate.Thanks
Ratan K Rathi

My father has a house in his name, which we wish to demolish and reconstruct.For this purpose, I and my wife would like to join my father as copartners to apply for a loan from the bank.Can me and my wife be elligible for taking the tax benefit for the interest paid on the share of home loan taken by us? If it is not permitted then what is the cheapest & legal option to go for if me and my wife wish to enjoy tax benefit available on home loans.

arun

A person sold a house and with in the said period he invested in oder to get exemption u/s 54. But he bought a house not in India, but outside India. Can he get exemption? If no.. is that particularly mentioned/stated in the Act, that the newly bought residential house must situated in India?
Also what if the house sold situated outside India and the bought house was in India?

Note: Assuming all the relevant claims have satisfied by the Assessee.

The assessee had made defalult in deducting TDS for payment made to a contractor. Subsequently the co had debited the expense a/c and credited TDS payable a/c with the TDS figure for avoiding disallowance. Whether the co is eligible to claim such TDS payment as their business expense

I want to receive Rs.100000 as gift from my married daughter.Does the term lineal descendant include female child also as per section 2(41). Infact the word any has been used in section 2(41) but is it necessary to examine the provisions as per Hindu law.