ONE OF MY CLIENT HAS SOLD AGRI LAND (PURE NON CAPITAL ASSET) TO PVT. LTD. CO.
AS ONE OF THE CONDITION OF SALE SELLER HAS TO MAKE LAND NON AGRI BEFORE THE SALE DEED IS EXECUTED.
NOW MY Q IS : IS THIS AGRI LAND IS CAPTIAL ASSETS AND GAIN IS TAXABLE UNDER THE INCOEM TAX ACT.

Dear Experts,

I am in Confusion , how to calculate month for cal calculating penal interest u/s 201 of IT Act . please consider the following .......

Suppose date of deduction of TDS is 15 April and payment date is
Case (1) 10 May
Case(2) 20 May
Now how many no of months interest shall be charged ?

Dear Sir,

I received more than 15000 thousands medical allowance and submit the bill of my HR but they are saing that on your salary slip "Medical Allowance" is mentioned instead of Medical Reimbursement so this is taxable income whether you are submitting the bill or not ,please advise.
Thanks,
Ashutosh Sharma

My grany purchase 1 plot on 1975 for Rs. 8000.
She want to sold this property for Rs. 4000000
and this Sale consideration amount disribute amongst his sons and daughters... then what is the procedure of Tax at this situation....

then How tax on Capital gain would arise...

Any Tax saving method in this situation...

please inform me why people create two company??? in one family business create a more than one company of same business?
what logic behind that? any tax benifit ? any other benifits behind that??? please reply

Dear experts..

Please tell me one of my friend has paid tds of Rs. 34,000/- u/s 94c of F.Y.2012-13 BUT while writing the challan he mistakenly wrote Assesment year as 2012-13. That means the challan paid goes to F.Y 2011-12.

But later on he paid the same amount of Rs. 34,000/-again by another challan with correct Assesment year.

Now Sir he want's to ask for refund of 34,000/- mistakenly paid i.e A.Y

Now what he should do, because he tried to get the refund online but somebody told him that online refund he will not get.

Kindly suggest where he should apply for refund and to whom the letter should be addressed at the earliest.

Kindly suggest experts..

Sir,
My question is with respect to commission income received from Developers and Realty sectors (Rs.3,02,460) on which TDS under 194I (Rs.30,246) has been deducted (as reflecting in 26AS).

This is the main source of Income. Should the above commission income be taxed under "Income from Business and Profession". and filed in ITR-4, if so should the assessee file Balance Sheet and Trading P&L A/c??

I HAVE FORGOTTEN MY PASSWORD
I HAVE ALSO FILED MY PREVIOUS YEAR RETURN MANUALLY
MY ACCOUNT WAS REGISTERED BY SOMEBODY ELSE WITH WHOM I HAVE NO CONTACTS RIGHT NOW THEREFORE RESETTING PASSWORD ON REGISTERED MAIL WONT WORK

PLEASE GIVE ME A SOLUTION TO RESET MY PASSWORD

Hi,

CORPORATE LAWS AND COMPLIANCE is in FInal for ICWAI. The module's language is very difficult to read and remember.

Can you please suggest how to read this subject. Also, please let me know if there is any book in which these laws are available in Regular and simple English(Not full of LAW related terms).

Dear Sir
I had file a ITR-4 of a person for A Y 2013-14 who is a Commission Agent of LIC and the case is of Refund of 65000 Approx.
But the same is not received till date.
When I call on the Tollfree no. given in Incometaxindia website the executive always say's that the refund is determined for Rs. 69190 & intimation shall be given to you as soon.
What I can do so i received my Refund as soon as possible.