If an individual has provided her House property on Rent for Commercial purpose and is earning more than Rs. 10Lakh as rental Income,then what taxes(direct & Indirect) she is liable to pay apart from Income Tax??

i am an accountant in a company
my question is I have deducted TDS of company parties of rupees 19000/- in 3rd QTR 2010-11 but i have wrongly deposited TDS of rupees 21000/--
my questions is can i adjust excess 2000/- in 4th QTR like i will deduct 19000/- but deposit only 17000/- is it possible ?
please answer this questions or provide solution of this topic

i have sold my shop in april 2010 @ 8.5 LACS and bought a residential plot in a farm house scheme ...I DONT HAVE ANY HOUSE IN MY NAME
uptil now i haVE paid 7.00 lac to builder and rest 1.5 is to be paid in april 2011(this montjh)......

[1]do i need to open cgas acc?? and my whole 8.5 lac is spent in purchasing land for house... consrtuction is remainig yet...

[2]do i need to pay any tax ?

[3] if i aM NOT ABLE TO COSTRUCT THE HOUSE IN COMING TWO YEARS DO I GET ANY PENALTY ??

Dear Sir,

I am salaried person. I have a post office interest income of rs
36000/- in A.Y. 2010-11. This account is in joint holding with my wife
and she is also income tax payee. Can we take intereste income 50 +
50 by both or single by first holder only

Dear Sir

Please tell me if TDS as per form 26AS and actual deduction not matched than what is the procedure to match it?

Further can i show/get details of TDS with the help of TAN no of deducter? if yes how?

Pleae let me know.

Waiting for your reply.

Thanks in advance......

I purchased a agricultural land in urban area but haven't used that land for any purpose.
Now if i sell this land and purchase another agricultural land in urban area, will the capital gain arising to me be exempt from tax.
Will i need to prove agricultural use, if yes then How?

I had invested some pocket money in company fixed deposit . At the time of redemption, even after submitting form 15G , TDS got deducted by the company.

As my annual income is not huge ( very less than one lakh 60 thousand annual ), so filing IT return is not compulsory for me.

Can I hold those TDS certificates until I become CA myself or is there any time limit to claim REFUND ?

Just like a cheque expires after six months from writing it , is there any expiry date for TDS certificates ?

I am a Govt employee,I filed the return of income for AY 2009-10 with tax payable of Rs.6185 and TDS as per Form 16 issued by Railways was Rs.6798.
So there was a refund of Rs.613

Now i received a intimation U/s 143 (1)on 3 feb 2011 stating TDS as Rs.4635 and demand of Rs. 1550.

But my TDS deducted as per form 16 is 6798.

What should i do in this case?

Mr x having income from salary only.
Mother(housewife ie doesn't have any source of income) of x is registered owner of residential house now x want to take a house loan from notified institutions and banks for construction of second floor.

i want to know

a) is x is eligible for loan whether personely or as co-applicant.

b) can he claim deduction u/s 80 C as he will paid amount of loan.

c) can mother of x claim deduction u\s 24(b)

in my intimation disallow depreciation expenditure and occur tax liability of Rs. 1340/-
what action take against this ?
kya rectification apply karne se pahle demand liability ka payment karna hoga in case date of order is 23.02.2011 and intimation receipt on 16.03.2011 .
if yes to kab tak payment karna hoga.

please suggest procedure to take action .