We are an Manufacturing organization and recently we have imported a CNC Punching machine from UK which costed Around 32 Lakhs (Used Machine). I just needed to ask how much amount of Bank Guarantee Will i be liable to pay. I am Completely Confused Right now because i have got mixed opinions about that. SO please if u can help me.

I have been filed my income tax return for business income in ITR 4S. But I forgot to fill details of my STCG income from shares (Rs. 9000) and LTCL from shares (Rs. 12000).

Whether I have to revise my ITR and file return in ITR 4.


What will be the consequences if I do not revise it. How much penalty can be levied on me by AO.


Pls reply

Dear sir,


I Want gain knowlege about all type taxes
any book available for this if yes may you suggess me which book can buy for this please........................

Thanking you..

Husband & Wife are taxpayers.
If they buy a house jointly and take a joint home loan, Can they both claim income tax deduction? on which ratio and e.g.
is 150000 is interest and 100000 is principal they both can claim full amount in their return?

T-FV-1000 Invalid File Header Record Length

i get this error when validation of the TDS file
how do i resolve it

what are the forms used for
-payment of ESI & PF
-submission of returns

is there any option of filing through online?
if yes
can you elaborate the procedure

A assessee is using pan for the last 20 years and filling I.T. returns manualy, But now when the assesee has decided to file the E, Return he has come to know that an other assesee is also filing their I.T. retuns on the same pan for the last 4 year on the net.Now the assessee has enquired about this and come to know that original pan card was relates to him at his address. But pan no. is same issued to later assessee on diff. date of incorporation. Now the question is who have to surrender the pan card and what to do by the assesee.

MY LONG TERM CAPITAL GAIN UNDER SECTION 54 F ( SALE OF SHARES WITHOUUT STT PAID )FOR THE F.Y.2010-11 RS.1.85 CRORE & F.Y.2011-12 ESTIMATED 2.45 CRORE. WHAT CAN I DO TO SAVE CAPITAL GAIN TAX .2.CAN I PURCHASE ONE RESIDENTIAL HOUSE & USE OF BOTH F.Y.AMT.IN ONE HOUSE WITHOUT ANY CAPITAL GAIN TAX.
GIVE THE FULL DETAIS FOR THE F.Y.2010-11 & 2011-12. HOW CAN I SAVE CAPITAL GAIN TAX

Dear Experts,

We had deducted of TDS INR 4,412/- under section 194C (company deductees 0020) pertaining to the month of feb'2011 but at the time of online payment of above said amount the section was wrongly inculded in 194J payment.

Total challan amount was INR 99,454.00
In that Section 194C - INR 4,412.00
section 194J - INR 95,042.00

But both payments included in 194J section challan. Now we wrote a letter to AO officer for rectification of TDS challan. Now please advise where can i see the status of rectification of challan or could you please advise next step for taking necessary action.

Does advance rent & advnace salary come under the head of deemed dividend if paid to a person having 11% shareholding in closely held company?