what is reverse tax mechanism

Matters
1. There is 2 Partnership Firm as IMI and TTE
2. Where A, B, C, & D is partner of IMI and W, X, Y & Z in TTE
3. W has purchase a land with building (Residential House) in the year of 2004 and now in 2012 "W" transfer such property to his wife "A" by settlement dead in consideration of natural love and affection. And same is registered.
4. Now "A" want to give such property by lease deed to IMI firm where she is a partner.

Question??
1. Is this asset taxable in the hands of "W" (Transferor) as per Section 4(1)(a)(i) of Wealth Tax Act?
2.The income from such property will be clubed in the hands of "W" as per Sec 64(1)(iv) or not.Please suggest.
3. As per Section 22 house property, "W" should be deemed owner of the property and income from such house property will be taxable in the hands of W. Is this correct?
4. If A transfer such property to IMI by lease dead with consideration of Rs.40lac for 40 years. Is it called transfer under section 2(47) Capital Gain? Is it consider as capital contribution and taxable under section 45(3),(4)?
5. Is it possible to return back such property to his husband "W"?
6. Also provide other tax impact?
Its urgent.

Dear Sir
As per 87a in fy.2013-14 there will be 2000 rs.credit given up to 5 lac income.

My question is how i caclculate when i give employee form 16 and deduct their TDS from Salary .

should i deduct 2000 from their total taxable salary ? and how it will be shown in form16

In case entire payment is received before 1st June 2013 and only sale deed registration is pending, will TDS @ 1% required?

In case service tax included in bill.

The service Receiver paid service tax amount in 25% on department or not.

Kindly tell where to submit FC-TRS Form???

i'm right now a resident in usa and my family is in India i have opened a NRE account in india for transferring money in india to the family. is the interest generated on nre account in india is taxable in usa. also wanted to ask is whether the tax paid is refundable or tax credit is available in usa as my indian income is below maximum exemption limit.

hello sir,
i m in ca final and i also took admission in cs inter and my attemp is due in dec 2013.
I want to know weather there is any exemption from computer test who have completed the same from icai. If yes them how to avail the exemption.....

waiting for reply?
.
.
.

Can anyobe provide me the link of suggested ans.of ca final may 13 attempt???

Dear sir,
Please tell the exact meaning of "business entity". any establishment registered as a "Trust" and doing any activities and earning some profits will come under Business Entity.