Can any one please guide me in applicability of section 87A (i.e. relief of Rs. 2000/- in case net income is below 5,00,000/-) for TDS. Can deduction u/s 87A be considered while deducting TDS u/s 192 or the same will be available at the time of filing of the return. I couldnt find any specific answer to that in the Act.

i purchased shares 2 years back. after two year i sold the shares. pls advise about income tax on profit pn shares. how i wil treated in computation. profit is taxable or it become long term capital gain. pls advise.

I have sold a residential land for 42.5 Lakhs and 4 months ago i have purchased a flat for 20 lakhs for which i have taken housing loan... whether this purchase will be allowed for exemption under sectn 54F????

My Father ( senior citizen pensioner ) is paid after deduction of TDS on his pension and bank interest . However he has other income. Should he deposit advance tax on other income before 31st march or he can deposit tax at the time of filing return before 31st july ? Please advise..

If a shareholder of a private limited company wants to sell his shares to someone else then the valuation has to be done as per the fair market value of that share i.e computing the net worth of the company divided by total no of shares on the date of transfer.
To calculate the net worth of the company would we consider the value of the land as per the book value or market value?

thank u

if a property has been transferred by way of gift from sister is the other sister required to deduct 1 % tds

query on irrevocable transfer.. is it so dat if a person(receiver) receives an asset under irrevocable transfer cannot sell d asset nor he gets d ownership of d asset?????

Hi, I'm working in vardhman textiles Ltd from past 1.5 year and my friend is working with ICICI Bank in chd. Now we are thinking of starting our own practice, so please suggest us is this a good option or we should continue our jobs?

Dear Freinds,

i want to know that if at the time of filling tds return i had quoted wrong PAN Number of a person i.e PAN no. belongs to other then in tds certificate whose name will appear.

My company is 10 years old but turnover is less than 10 lacs and its a proprietory concern. This year my company has got big contract from the govt department and turnover crosses from 10 lacs to 15 lacs.

They have not charged service tax from their clients since begining. if they apply for the service tax now, will they have to pay service tax on the full amount of 15 lacs or excess amount i.e above Rs. 10 lacs and what should we do in this situation. Kindly help