Sec. 54 F permits investment in new Resi Property within a period of 2 yrs/construction of new house within 3 yrs. If the same is not done by the due dt of filing the return, then the Capital Gain amt has to be deposited to seperate C. G. Scheme A/c.

Can we withdraw this amt for some other temperory investment before utilizing it for the ultimate purpose of acquisition of new House property.

At which rate TDS has been Deducted on:

1 Car Hiring Charges

2 Computer Leasing Charges

Why?

Hi Friends,

Pls mail me the detailed procedure of on-line filing of ITR.

Thanks.

HOW CAN I MADE REGISTRATION OF TRUST WHAT IS IT'S PROCEDURE & WHAT DOCUMENTS ARE REQUIRED FOR IT & FROM WHERE I WOULD GET IT ???????????????????????????????

With the amendment to Section 194 I definition on Rent w.e.f.13.07.2006, the Rent includes Hiring of Plant & Machinery also.
In my opinion, hiring of vehicles i.e., taxi or hiring of a car on a continuous basis does not come under Section 194 I because, the Rent definition does not include 'Vehicles'
I also think Plant & Machinery U/s 194 I does not include Vehicles.
1.Am I correct in this understanding?
Now, with this please clarify me also,
2.Whether TDS on hiring of tractors ( with RTO Regn. ) for removal of waste etc.comes under 194 C or section 194 I?

If the assessee receives the Notice u/s 143(2) on or after 1st April-07 for the F.Y.04-05 (A.Y.05-06) (Return filed during the F.Y.06-07)

1. Whether the 06-07 scrutiny norms is applicable to all cases which are filed during the F.Y.06-07
or

06-07 scrutiny norms is applicable only to the cases selected / taken for scrutiny during the F.Y.06-07 (Notice issued date to be considered– Not the return filing date)

In this case what is the remedy for the assessee?

Can the assessee challenge the case during the course of hearing?.
or
Can the assessee challenge the case by means of writ? If yes, what is the procedure?

Dear Sir/madam,

Comapny IT Return 31-03-2007
ITR-6 - Schedule-HP Details of Income from House Property.

pls. clarify our query
Only one property - But tenants are many. How the property tax or Municipal tax (in the column(c)tax padi to local authority) can be shown in the relative space and how the names of various tenents are filled.

I have taken loan from an NRI friend and closed my Housing Loan with a Bank. Can I get exemption/relief for Interest payment & repayment of principal paid to NRI friend

Sir,

U/s 56 Amounts received as Gifts exceeding of Rs. 50000/- is taxble in the hands of receipent subjected to Exemptions.

Of Which

Gifts received on the "Occasion of Marriage of Individual" is Exempt

Query: What is Time Period will be considered for " Occasion of Marriage"

Please confirm whether contribution over & above Rs 1 Lacs for each employee is liable to FBT or entire contibution ?
Suppose contribution of one employee is rs 1.25 Lacs then whether Rs 0.25 Lacs is liable to FBT or Rs 1.25 Lacs ?