FY2008-09 (AY2009-10)

Bangalore in a well known city of India for it IT institutes. It is also doing best in the commercial field as most of the big companies have settle their office and firms in Bangalore. Movement of crowd in and out of the state is increasing day by day. People often move in this state for business purpose, in search of job, to get higher education in I.T field and for various other purposes.

Dear Sir ,

I am planning to send Rs 2 Lakh in Cash to my sisiter's Daughter (niece) in order to
support her professional studies .

I am an NRI settled in Dubai .

Since there is a change in gift tax laws w.e.f. 1 st october 2009 would you please
inform me if my niece will have to pay Income tax on the Amount received ? .

Dear Members,
Pls send me yr valued opinion on the following:
I own a Transport company (Private Limited) and there is frequent purchase and sale of trucks.

Now profit on sale of trucks which appears in the PROFIT & LOSS ACCOUNT of the Company.

1) WHAT WILL B THE TREATMENT OF PROFIT ON SALE OF TRUCKS.Is it taxable and if yes then how.

How can we file return for the year assesment 2008-09 from the elagaan portal when i tried i am only getting 2009-10

I have deposited the xeros copies of my return (including my investment copies) to Income Tax deptt instead of the original ones.. The IT guys also didnt look at the same and gave me acceptance stamp. What are the options for me now-
1. Should I approach the IT deptt. and ask them to take my original copies?

Dear All, I have filled IT through website. And I also got the acknowledgment and IRT 1. Now what am I suppossed to do with these two. Please help me out

I am e-filing returns for the year 2008 -2009. However I did not
submit my investments details to my employer, so my employer has
deducted the tax and has issued a form 16 w/o some of my investments
and home loan. Due to this, I am eligible for some returns.

So, how do I give the proof for my investments to income tax dep,
since I am submitting the returns online, do I send the proof of

I am trying to submit my e-file return, the file being prepared by elagaan. but IT dept website says that file does not have appropriate assessment year details. i fear that there could be many other errors.

I've submitted my tax details six days back, after that I didn't hear anything, when will I get my acknowledgment

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