MUKESH KUMAR CHOUDHARY
30 July 2013 at 00:00

Itr for house rent income?

I have income from house rent. Which itr should i file?



Anonymous
30 July 2013 at 00:00

Efiling

What is the procedure if we mention wrong IFSC code in efiling of ITR1



Anonymous
29 July 2013 at 23:53

It return form

can a person who maintained books of accounts for a.y. 12-13 and was under audit , file itr 4s for a.y. 13-14 as he is not under audit for a.y. 13-14.
will it lead to some kind of problem due to inconsistency in filing same form.



Anonymous
29 July 2013 at 23:42

Which itr should file

WHICH ITR SHOULD FILE FOR an individual to which sec.194D or sec 194H


Aniket Ahiwale

Does an agriculture company have to pay Taxes.
Company deals in products like crops, floriculture, horticulture, organic farming , dairy and vegetable oils.



Anonymous

please tell me that a chemist retailer cover u/s 44AD and we can file ITR form 4S for A.Y 2013-14 or not .???????????


SHYAMLAL KAYYARUVATH
29 July 2013 at 23:19

E file

Dear sir,

I am engineer in Kerala.Last i filed income tax return.Now I forgot my password.Please tell me sir how can i retrieve my password.I forgot my answer to security question also.

regards
Shyamlal.K



Anonymous
29 July 2013 at 23:03

Industrial training

Can I register in industrial training before 3 months of end of articleship in CA


VISHAL RAI
29 July 2013 at 22:43

Deduction u/s 80e

SIR , AS FAR AS I KNOW THAT AN INDIVIDUAL ASSESSEE NEEDS TO HAVE BORROWED HIS EDUCATIONAL LOAN FROM ANY BANK / FI ETC . WHICH ARE NOTIFIED U/S 10(23C) OR 80G .
SO
SIR , I NEED TO KNOW THAT IS ALLAHABAD BANK IS NOTIFED UNDER ABOVE MENTIONED PROVISONS ???
KINDLY HELP ME SIR .... LAST DATES FOR EFILING ARE CHALLENGING ME..:-) PLZ..


Sam Whelton
29 July 2013 at 22:10

Gift tax

Apparently, a prominent TV tax program has stated that the definition of a relative under section 56(2)(vi) does not include female ascendants or descendants. That is, while a paternal grandfather (dada) can give a gift of Over Rs. 50,000 to his grandson without any tax consequences for the grandson, a maternal grandfather (nana) cannot do so. Similarly, a son-in-law cannot give or receive a gift from his mother-in-law.

As I read the definition (below), this is how "relative" is defined under 56 (2) (vi):

For the purposes of this clause, "relative" means—

(i) spouse of the individual;

(ii) brother or sister of the individual;

(iii) brother or sister of the spouse of the individual;

(iv) brother or sister of either of the parents of the individual;

(v) any lineal ascendant or descendant of the individual;

(vi) any lineal ascendant or descendant of the spouse of the individual;

(vii) spouse of the person referred to in clauses (ii) to (vi).

Webster's Dictionary defines Lineal as: "consisting of or being in a direct male or female line of ancestry", specifically supporting my contention that both male and female relatives would qualify.

What do the Experts think? Is there any case law to support this? If you agree, should we write to this prominent TV personality to correct the misunderstanding?

Many thanks.





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