Hi

Pl share the rules about gift tax on the trasaction b/w father, father in law, spouse and children also exemption limit.

Dear All,
Can anyone help me with this
A Partner has negative Balance in Capital and he pays Interest on Capital to the firm. Such Interest received by firm is assessed to tax by the firm. Can this Interest expense be claimed as a deduction by the Partner against Remuneration received from the same firm or be claimed as exempt? Please specify the section also

Dear Sir

I received bill from consultant he provided us consultancy service of Rs. 25000/- P.A.

He also charged Service tax on basic amt.

He gave own Pan card copy ag. bill.

should we deduct 20% tds for not giving consultancy pan card.

Dear all,

The company made incentive provision for its emplyees of Rs 50 Lakh as on 31.03.2013, but the comapny paid the incentive to employees in september 2013 before filing Return of Income, TDS on incentive also deducted and paid in september 2013 and filed E-tds . Income tax department issued notice for Interest on late payment of tds. Should comapny pay the interest or is there any solution in avoiding ???? . Please give the solution and quote provision.

My salary is below Taxable Limit. Should I required to File Return?

Dear Experts,
Pls let me know if Interest on FD can claimed for Sec 80C.
Is it liable to deduct tax.?

Regards.

Dear Experts,

Can a member of HUF give gift to other member of same HUF...wat will be the tax implications??

is there any risk of penlty u/s.271f in filing return after the end of one year from relevant financial year if tax payable is upto 500 rs. only ?

I have some shares in a privately held LLC (not listed on any exchange) in Singapore.

How long should I hold the shares after which they will be eligible for long term capital gain (as against short term)

Can Any one plz help me with this. I have error while filling TDS return with RPU 3.8:-

Line No-70.
Record Type-Challan.
Statement Type-Regular.
Field Name-Total of Deposit Amount as per Challan/Transfer Voucher Number.
Challan Details Record Number-12.
Deductee/ Salary Detail No-NA
Error Code & Description-T-FV-3169 Sum of TDS/TCS-Interest Amount + TDS/TCS-Others(amount) + Fee Amount + Total Tax Deposit Amount as per deductee annexure is greater than Total of Deposit Amount as per 'Challan' / 'Transfer Voucher'.