can working professionals
or business people invest
in PPF and as we know
that in case of Attachment
of wealth by court order
for payment of liabilities
PPF a/c savings cant be
attached to it for payment
whether this provision is
applicable for service
people only or for all
investor of PPF.

can working professionals
or business people invest
in PPF and as we know
that in case of Attachment
of wealth by court order
for payment of liabilities
PPF a/c savings cant be
attached to it for payment
whether this provision is
applicable for service
people only or for all
investor of PPF.

During the year 93-94 my mother gifted some land to me through will. During FY 11-12 govt.acquired the land and release compensation after deducting TDS 10%.

In my IT Computation how I will treat the same - If under Capital Gain? what will be the cost of acquisiton? Whether Indexation can apply? Whether I have to pay any etc. tax from my hand for the same?

FOR A PRIVATE LIMITED COMPANY

Bank details which I have submitted at the time of filling my It Return for 31.03.2011 has been closed...Now i have a new Bank Account

what should I do that I can receive my TDS refund to my new Bank A/c? ? Please Advice with procedure..
thanks

FOR A PRIVATE LIMITED COMPANY

Bank details which I have submitted at the time of filling my It Return for 31.03.2011 has been closed...Now i have a new Bank Account

what should I do that I can receive my TDS refund to my new Bank A/c? ? Please Advice with procedure..
thanks

One of Client Has purchase a flat costing Rs.70 Lacs on 2006 and on 2010 he gets the possession.

Now on 2011 he wants to sell the flat sale consideration around 1.50 crores and purchase the new flat costing Rs.2 Crores

Now whats the Tax implication for selling the flat.
and if any tax liability occurs then what are the option available that no tax liability occurs or reduction in Taxes

Please provide Sections also

Dear All,

We have changed the name of our company and are planning to convert our company into a limited liability partnership. Please let me know the procedure to change the PAN & TAN details.

Have to change the following;
* Name of organization
* Company to LLP

Please reply at the earliest.

DEAR SIR,
LAST YEAR I HAVE FILD MY INCOME TAX RETURN ONLINE & I GET RS.3000/RETURN 2010-2011,
BUT TILL I HAVE NOT YET RECEIVED TDS AMOUNT
SO I HAVE CHECK MY TDS REFUND STATES.
WHAT IS THE PROCEDURE FOR THAT?

I have received a demand notice for Rs.822/-pertaining to AY 2003 under S 143(1). It is not clear whether it is applicable to AY 2003-2004 or 2002-2003.
Secondly, in the year AY 2003-2004 while filing Saral form no 2D, I had shown under column 35 add interest payable 828/-. Does it have any relevance to above demand?
My taxable AY 2003-4 Rs.290266
Income tax payable Rs. 61081
Less rebate Rs. 6843
add surcharge Rs. 2712
Net tax payable Rs. 56950
Less T D S Rs. 43688
Add int payable Rs. 828
Less Self ass tax pd Rs. 14090
Bal payable/refund NIL
Chalan of Rs 14090 was paid in SBI on 6/9/03.Pl guide me whether I still owe any thing to authority?

Hi, I've uploaded an e-return today for AY 11-12 and recieved ITR V also. In the ITR-V, still tax payable is there. how shall i rectify it?

Pls suggest.