can anyone explain me the meaing of relative for different purposes of it act.
sect for ex. sec56(2)(vi), sec 64(1)(ii)

myself
my wife
my brother/sister
my father/mother
my grandfather/grandmother
my wifes brother/sister
my son/daughter
my wifes father/mother
my wifes grandfather/grandmother

mr. x transfers 1000 14% debenture of rs. 100each to his wife mrs. x without any consideation in 2003. mrs x lends accumulated interest to mr. b and receives interest of rs. 12000/-

my question is interst on debenture will be clubbed in the hads of mr. x but what about interest on money lent by mrs. x, it will be taxable in hands of mr.x or mrs. x?

Hello Sir/ Madam,
Is Deduction u/s. 80C allowed to HUF for tuition fees paid.

PLS GIVE DEFINITION OF SOME TERMINOLOGY RELATED TO BANK.......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE

pls give some terminology related to bank......
1.TERM LOAN
2.CASH CREDIT
3.OVERDRAFT
4.DEMAND LOAN
5.BRIDGE LOAN
6.PACKING CREDIT
7.LETTER OF CREDIT
8.BANK GUARANTEE

Dear Expert
what is treatment of parking charges paid for motor car. Whether it may be trated as motor car expenses and attract FBT.

hiii frnds..
i hv a doubt related to incidental exp which is as follows....

A car has been purchased in the name of XYZ Co... Whether incidental expenses such as Registration chrgs, road tax etc are to be CAPITALISED?????Whether depre should be provided??????

Awaiting ur reply
Thanks in anticipation
SANGITA

Problem we are facing is we are supplying Computers to Govt department. They are deducting TDS on supply also without listening our argument. And they are not issuing any TDS certificate, instead they are giving us the copy of receipt of TAX deposited by them. Thirdly they are not efilling return so the Online website is not showing the credit in our name.

Question is "How will I claim this amount from Income Tax Department ?? "

If a trust is registered with the Charity Commissioner but not registered u/s 12A of the I T Act. How the assessment is completed. Is there no deduction permissible even for the expenses?
If the grant received for a project from any other NGO or GOvt/semi govt. agency is utilized for the purpose it is granted and any surplus is left; what would be added to the Income; total grant or surplus only.
Can anybody throw light on the provisions in this regard.
Thanks in advance.

I am preparing for CA final for June 2008.
Can anybody send me "SUGGESTED ANSWERS TO QUESTIONS FOR THE PERIOD MAY 1996 TO NOV. 2006 or more"
I will be very thankful.