Is a person who is a mechanic can maintain file a income tax return..if yes under what head he has to be filed.

I AM DEDUCTED 2% TDS ON INDIVIDUAL BUT I T RATE 1% (15000 GROSS AMT )DEDUCTED TDS 300 INSTEAD OF 150 ,TDS DEPARTMENT SEND ME NOTICE ON SHORT DEDUCTION ,PLEASE HELP ON THIS WHICH CODE USE IN TDS RETURN FOR SHOW HIGHER DEDUCTION PLEASE INFOEM ME THIS ON URGENTLY BASIS

if any person shows loan from his wife in his business nd paying interest to her, can he avail any deduction??? plz refer section nd link..

Dear Sir,

Can we set off short term capital loss under section 50 against any other income ???

Thanks in advance....

IF THE EMPLOYER HAS DEDUCTED TDS BUT NOT PAID TO THE GOVERNMENT,THEN CAN THE EMPLOYEE CLAIM CREDIT OF SUCH TDS.

Dear sir,

I would like to know the consequences of non compliance with Sec 54 in the below circumstance;
Mrs. A (mother) sold a residential house and purchased another house property thereby claiming exemption U/s. 54. Within a period of 6 months of such transfer, she gifted the property to Mr. B (her son) & hence non compliance with the requirements of Sec 54.

In the above case, what will be the consequences;
1) Whether Mrs. A will have to pay the tax amount immediately on gifting of the property.
2) Will Mr. B be liable to pay the same in the event Mrs. A expires
3) Will Mr. B be allowed to claim the cost of acquisition of such property in the event that Mr. B sells the same after few years.

Please advice.

Dear sir

pls clear my confusion that my company is a realeste I have to raise commission and brokerage to my debtor(clinet) and whenever i due service tax and other way i have to investment for Office promises and Business perpose in this case can i take service tax credit ?

property purchased in 2001 rs. 915000

property sold in 2007 rs 25,00,000/-
(as per sale deed rs. 25,00,000/- but actual sale for rs. 3,20,00,000/-)

case is in scrutiny,
A.O. told us paid tax on 3,20,00,000/- less indexed cost of rs. 915000/-

what is the remedy available to save tax?

Plz tell me that whether I need to deposit fees for the form downloaded from net and submitted to the ICAI because ICAI sell these kinds of form for money. form like 102 103 112 109

Hi, Please suggest me on this issue:-

One of my friend file a paper return for AY 10-11, but fails to claim total TDS refund then he file a online return for same AY but not file as a revised return select the Original return option in ITR 4, so he did not get refund due to this error, total refund is more then Rs 1 Laks, Dept denies for refund what can we do in this situation is there any option. He did not received any intimation for this.