Dear Sir,

One of our client have sold home in AY 2012-13 and invested money in another flat, he has given money for bookings. Now today his deal got cancelled.

SO what would be impact ???

If he purchases another home then deduction under section 54 is available or not ??

This is genuine case but as i interpreted the law , as per my view no deduction will be allowed and he have to pay tax on capital gain on which earlier deduction has been taken.

Please guide me.

Thanking you in advance.

If query is not understandable manner, then i will re write it. But please give reply experts.

Best Regards,
CA Ankur Mehta
+91 94283 19758.

Dear Sirs,

My mother expired a month ago and I have to file her Income Tax Return for FY 2013-14 (AY 2014-15). However, for filing the Return, I must be registered as a legal heir on the Income Tax Website.

To register as legal heir, the main document required is a "Legal Heir Certificate". I need a "Legal Heir Certificate" only for filing of Income Tax Return. Kindly guide me as to the easiest procedure to obtain this legal heir certificate in Mumbai.

Secondly, we are 4 children and the other 3 do not have any objection to my obtaining the said certificate.

Your guidance will be highly appreciated. Thanks.

can an individual claim deduction of interst and principal paid in the financila year for housing loan taken for construction of a hotel

thanks in advance

A High school become a Higher secondary School during the year. Weather TAN number will have to change ?

The school is deducting TDS ON Teacher's salary & mention TAN number in TDS return.
Because of the change of the name , we have to get a fresh TAN number or not ?

Kindly advise.

what is the procedure for applying for articleship.

Debtor had not deducted TDS earlier on our Income for the F. Y. 2009-10, 2010-11 and 2011-12. Now during his Assessment, Expenditure was disallowed for F. Y. 2009-10. Hence he is now deducting TDS for F. Y. 2009-10, 2010-11 and 2011-12.

Our company has already filed the Return for the above Financial Years and the current status of the same is as follows:

F. Y. 2009-10: Assessment u/s 143(3) complete
F. Y. 2010-11: Notice u/s 143(2) recieved, however last date for revising Return of Income is lapsed
F. Y. 2011-12: Return of Income filed and can be revised uptil March 31, 2014

The amount of TDS is huge.

What can be done for each Financial Year?

Dear Sir,
I am working as Development officer in LIC OF INDIA.In a competition floated by my organisation I have received a CASH AWARD of Rs.14500 yesterday.Our OS dept says that 30% income tax to be deducted from that cash award as I am in 30% slab.I said only 10% to be deducted.Plz clarify me in detail.
Regards,
a v r prasad.

Both are Charitable Trust and enjoy 80G and other Tax benfits.

One Trust conducts hospital - Medical Service only.

Another trust actvity as religious,educational,social & medical help ( Mix object )

Can Medical Trust donate to other trust as donation every year when both differ in their aims and object?.

Dear all
I want to file a ITR, the assessee has a Bank statement in Which only Cash deposited and ATM withdrawl is Clearly mentioned.
.Can i treat cash deposited money as a Agricultural Income or have to shown as other Income.
And ATM withdrawl money is withdrawn by his son for Study expense.

Like total Cash Deposited---Rs, 3,98,000
ATM Withdrawl Rs.Rs. 2,50,200
Please reply

I AS A SALARIED PERSON DEDUCT TDS ON F.Y.-2010-11 BUT THE COMPANY WRONGLY DEPOSIT TDS FOR WRONG PAN BUT NOW THEY ARE DEPOSIT TDS AMOUNT.
QUESTION-1> CAN I CLAIM TDS NOW AS A SALARIED PERSON?
2> AS A NON SALARIED PERSON CAN I CLAIM TDS FOR THE F.Y.-2010-11?