Dear all
My client applied for pan 2 times and he got 2 pans, now he wants to surrender new pan ,so please suggest me draft letter for surrender of PAN card to IT Dept.

I have a FD for for 5 years. I will get ineterest on maturity, per year interest less than 10000 but on maturity its more than 10000. Will TDS applicable on maturity?

if yes so can I ask to bank to give me interest every year?

Neeraj

Income Tax Refund Cheque was issued by the I T Dept. to the deceased Assessee for Rs.7500/-on 12.07.2014 for the Assessment year 2013-14.But deceased (his ) bank account was wrongly quoted by him in his Return of Income and the refund cheque was issued to the wrong account number ,cheque issued in the deceased name & to wrong account number. His Mrs rejected the cheque because the Banker rejected for wrong S/B Account was quoted in Refund cheque . The Assessee was died on 02.04.2014.He left behind Wife & Two Major Male sons
Our Query is --what procedure is to be followed to get/claim refund amount by the legal heirs?Kindly enlighten the points on above query

I am A Salaried employee & my salary is below taxable limit. I have filed ITR 1 for A.Y. 2014-15. But I didnt send The signed Acknowledgement of ITR to CPC Banglore in 120 days. What shall I do now? Is it necessary to revise the return or will it be Ok if I let it go, as salaried employees are exempt from filing retirn upto A.Y. 2014-15??

Dear Sir,
In my case , recently one new party is came to us they want to change auditor but in the month of september-2014 AGM is already done and appointment was also done for the year of f.y. 2014-15, and all other legal requirement has been completed like GNL-2, ADT -1 , and acceptance of auditor is also filed in mca 21 site.
now i want to change the auditor firm, can i allow to do? if yes, tell me procedure of that..
Thank You

Is payment by cash of Rs.15000/- each to 6 persons totalling to Rs.90,000/- constitute violation under section 40A(3)?

Hello,

(1) Dedcution of Interest on Loan:

Pls guide whether Loan Interest paid during FY 2013-14 will be available as deduction while calculating Income from House Property? It is to be noted that person had sold property on 20.03.2014.

(2) Dedcution of Principle Portion of Loan:

Pls clarify also whether deduction of Installment (Principle Portion) will also be available as dedution in above example.

I am facing a problem regarding the following situation in one of our client :-

Our client is a company dealing in Plotting business, company has policy to take advance payment against the plot to be allotted but in the particular case the company has taken Advance against booking of Plots from the customer of Rs.35Lacs , now the customer is not paying any thing so the deal has been cancelled and the amount is written off by the company and recognized as Income .
My questions is following :-
1.whether the same is considered as Business income or Income from other sources ?
2. Suppose company is in Real Estate business than, Whether the same can be adjusted toward work in Progress ?
3. what should be Tax Treatment in this Case for the same if the advance from whom is taken is written of by the Customer in his Income Tax Returns as Short term capital loss and there after the same is written off by the company ? whether it should be considerd as Short term capital Gain in the hands of company or Business Income ?
4.whether section 269S/269TT of income tax is to be attracted ?
5. whether any other provisions of Company Act is applicable in the particular case ?

WE HAVING ONE CLIENT WHO GIVEN BUILDING ON RENT TO THE NATIONALIZE BANK.THE RENT RECEIVED BY HIM TILL DATE IS 9,50,000 ON NEXT MONTH HE WILL CROSS THE 10,00,000 RS.SO HE IS APPLICABLE FOR THE SERVICE TAX.NOW PROBLEM IS THERE ARE TWO FAMILY MEMBER ARE ON PAPER OWNERS OF THIS BUILDING.ON THE NAME OF BOTH OWNERS THE REGISTRATION WILL BE MADE.BUT IN THIS CASE WHAT WILL BE THE CONSTITUTION FOR PARTNERSHIP OR OWNERS.PLEASE REPLAY FOR SAME ..ADVANCE THANKS TO THE EXPERTS TEAM

One granted college runs special batch for the bright students who secured above 90% marks.
They collect fees from them and arranges extra lectures from the faculties from college as well as outsiders.The fees collected is expended to pay remuneration, exam material etc and some surplus remains. What is the liability under Service Tax. Is this covered under Negative List and exempt? Please opine