I am a resident Indian & I want to sold one property which is in the name of me & my two NRI Uncles. Purchaser told me that he deduct 20 % TDS on transaction because my Uncles are NRI. The property belongs to us for more than 1 year.

My Question is
1) If we reinvest the capital gain amount in other asset then it wiil be Exempted from tax or not?
2) Can this TDS Amount will be refunded to us?

Hi Everyone,

Suppose Company named A bags a Government contract to be executed in a state other than the State in which the Company is registered. The Company opens a branch office in the state and gets it registered under Local VAT and CST Acts. Now the Company makes Sale Transactions to the Branch Office Whether this Transaction would be Considered as a Branch Transfer ? The Goods are going to be sold to Specific Buyers i.e. Govt and the Material is being delivered directly to site .

Sir, i attended isca coaching which is relevant for Nov14 batch.. I have to give may2016 attempts.. Any significant amendments came in isca subject after nov14 attempt!? Can i get all amendments after nov14 attempt in one file..

Please help me.. It is required for me to take coaching again for isca??

Dear Sir

Is any rule regarding 32AC that need to file any form or Get any certificate that we have invested in Plant & Machinery for more than 100cr to claim a deduction of 15%.

Dear sir,plz suggest me the calculation of tax provision applicable on trust not registered u/s 12 having only income from interest amounting to 9 lacs had not contributed for any charitable purpose during the year.

One assessee as huf filing return for 4 years and tds deducted in capacity of huf but now he said he covers in the status of proprietor and want to claim tds of earlier 4 years in capacity of proprietor. Is it possible?

My parents have house property as 50% owner each. Their is loan for which interest is being paid . We are claiming the interest equally for both my parents IT return. My mother's income does not cross the limit of Rs.250000. Can we claim maximum interest in my father's IT return. Please advice.

One of my friend sold a site purchased by him 10 years ago.He purchased another site with the sale proceeds. After indexation of cost his ltcg showed negative amount. Both the transactions were below 30 lac.The same was reported in his ITR. but now a demand is raised for ltcg tax of 352000.

Dear Sir, I have completed 1 year and 10 month of Articleship. Due to some personal reasons my family deciding to shifting to another city. Is I take transfer to another city? If yes then Which documents I have to submit to institute?

I have received a Notice from IT Department for non filing of income tax return for the Assessment year 2013-2014 and furnish response to complaiance Moudule on the e filing portal. I have audited My book of accounts for the above said year but not file the return. Can I file the return under section 142(1) of the income tax act.