wealth tax is calculated as on valuation date but if i am selling motor car to my friend as on 30/03/2013 i.e on one before valuation date to my friend for escaping from wealth tax.but as on 02/04/2013 he resale to me the same car. what will situation arise as per income tax and wealth tax point of view????

Hi all,

My client was working with icici bank ltd for 2 years.At the time of releaving he received his PF amount Rs.102000/- but bank has deducted TDS on that amount.It is a private trust.

Now my question is can PF amount to be taxed or not??????

Dear Experts,

Excess TDS was deducted on employee salary, now the employee is asking for the revised Form 16 so he can file his return and claim the refund.

Is is necessary for the company to file revised annual TDS return and provide revised form 16 to employee.

thanks

A report was qualified for FY 2011.12 of a Pvt. Ltd. Co. for showing excess income and consequntly showing excess receivables as on 31.3.12. For FY 2012.13 is qualification necessary if receivables are continued with excess balance as on 31.3.2013?

x person recd. Rs. 4000 from post office saving bank account for the a.y.13-14. How much portion taxable or not.

Dear Experts;
we have filed Form 2 dated 04.04.2013 with MCA with the details Face Value Rs.10 & Premium Rs.490 and same will be approved but after revise valuation of shares thier is changes in Premium amount instead of Rs. 490 it will be Rs. 590/-.Now here no of shares will be reducing.therefore in this case can we filed Revised F2 of the same date by attaching application for the same or whether we have to go reduction of share capital as per sec 100 and get High court order for the same.Pls guide us as soon as possible

I have incorporated a company now i have to apply for PAN card what all documents do i need to submit with the application form


Thanx in advance

I am a government servant and do not receive HRA exemption as I am staying in own house in the city that I am employed. I dont have any loan on my house either.

Can I claim any rebate for maintenance of house or property tax?

A house property is allotted in F.Y. 2008-09 but the registration and other misc payments were made in the F.Y 2011-12 and the said property is sold in F. Y. 2012-13. Now should the gain on sale be considered as STCG or LTCG for A.Y. 2013-14? If LTCG then how the indexation would be calculated? Please support your answer with with any strong reference

Good Morning,

I have invested Rs. 25,000 in Public Provident Fund account for the Financial Year 2012-13.

Can anybody let me know which year i will get tax exemption on PPF whether FY 2012-13 or F.Y.2013-14?

Thanking You,

With regards
Srikanth B V