what is Corporate debt reconstructring(cdr) ? If company is filing for cdr is it good or bad?

If a company pays Rs 5000/- via interbank transfer to all employees on occasion of Diwali.

What is the tax treatment in hands of employee?

What if employee submits the bill of
purchase of gift worth Rs 5000/- ?

Dear Sir,

I have filed my income tax return for the a.y. 2011-2012 as on date 31 july i had not shown exempt income from gapital gain in return and some interest part of income in return so please tell me any penalty may be arise by the income tax department.

Thanks in advance
K K Goel

Sir actually i have open a new HUF firm and i am karta of my HUF, Further I have allready propreiter of another firm now i want close my proprietership firm and transfer all stock and capital into my HUF firm.
What procedure and provisons i should follow for do that.
Thanks

Dear Sir,

My Wife Only Earns As Income From Insurance Commissiom she is working as independent agent at edelweiss tokio life insurance

Sir Please guide me which ITR I Should Filed for AY 13-14

Just Going across your sites i got to know filing under ITR4 but my friend has suggest me to file under ITR2 as she is having income from total insurnace commission RS 29000/- TDS deducted 10% i.e refund would be 2900/-

Please revert at earliest as i have already filed my previous return under wrong ITR

Twinkle
9987112347

Dear Sir,

Can School Tution Fees paid in the FY 2013-14 for the next academic year FY 2014-15 i.e. starting from June-14 be claimed in this Financial year 2013-14.
Similarly if LIC premium due of previous FY paid in this FY be claimed in this FY.

Please solve my query

thanks in advance

D/Sir,
By oversight I did typing mistake of e-mail on ITR fill-up. So, nothing has been sent from cpc. my question are (1)How to correct the e-mail ? 2. what I do if ITR V is not received even 4 month across?

Regard
S. somaj

Please advise--
U/S 195, I have to make Foreign payment of membership fees & Reimbursement of expenses.Since TDS is not to be deducted on this payment, wheather i have to submit Form 15CA online or not on the site of Incometaxefilling.

Thanks
Parveen Vinaik

A service tax inquiry is being done all over India of all d contractors from their tds statement filed by them for d fy 2012-13. on inquiry it was found that most of them hv not taken Registration of service tax and providing services to Ccl. there contention is dat since they hv not taken registration they don't hv to pay service tax. is it true if not then how much they sud pay service tax. pls answer.

My client has made a gift of property whose collector rate is 64 lakhs to his son.

Will this transaction be reported in AIR by the registrar?

My view is that it will not be reported as it is not sale and purchase of property.

Kindly clarify.