Bhaskaran Chackrapani Warrier's Expert Profile

Queries Replied : 22307

Graduate of Kerala University.

Fellow member of ICAI.

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RAVI says : tds retuern
how many time tds returns can be revised ? wt happend if deductees refund processed and return revised on al ater date

praveena says : Form 23B
Sir, Is it compulsory to file 23ACA form along with Form 23B.And please tell me is there any requirement to file other forms along with Form 23B.Please suggest me.

Arjun Rajaram says : business income or capital gains
Hello sir, Our company XYZ LLP owns empty commercial land 20,000 Sqft Land (bought 25yrs back for only Rs. 1lac). Our biz is in the biz of dealers in Industrial supplies. We have possessed the land in our books for the last 25yrs as only a capital asset. We now want to get into a Joint development with a developer to build aprts on this land@60/40 Ratio. Will the sale of our share of built up aprts and UDS of land be construed as CAPITAL GAINS or BUSINESS INCOME? Any insights will really help. Thank you

Shankar says : Cash Payment
As per section 40A(3) can we pay Cash Rs.19999/- to single person on daily basis thought the year?

Madhuresh says : GIFT RECEIVED
A Gift of Rs.62000 recd. by a HUF from Mr.X(Karta Of HUF)on 10 april 2009 and another of rs.18000 from an relative of x on 30 sept.2009. whether huf is chargeble for gift recd. or no