Ive been filing return in mumbai for past three years. now im relocated to chennai (native and pan card is from chennai). my PAN no verification in IT website says jurisdiction as mumbai. can i file return from chennai (as my new form 16 will be from chennai) is there any additional effort required from my part as earlier returns used to have column mentioning is there any change in ward but ITR2 doesnt have any such provisions.

The assessee advanced money for the purchased of land from HUDCo.The land was allotment by the harayana govt.on lottery system.The assessee was allotted the land.The assessee transfer the allotment to some other party thereby earning some profit.The query is whether the profit earned on the transfer of the land without purchasing the same shall constitute capital gain or shall it be considered as income from other sources.The advance for the land was given some 3 years back.

A COMPANY PAID HRA 1500/- P.M. TO HIS EMPLOYEES & PROVIDES ROOM IN HIS OWN BETCHLER HOSTAL IN SHARING (TWO EMP. IN ONE ROOM) AND DEDUCT 500/- P. M. FROM SALARY OF EMPLYEE.
IS LIABLE FOR PERQUISITE AS RENT FREE /CONCESSIONAL UNFURNISHED ACCOMADATION OR NOT? IF NOT THAN RENT 500/- PAID BY EMP. WILL CONSIDERED IN CALCULATION OF HRA EXEMPRION [U\S 10(13A)].

A LTD. COMPANY EXEMPTED LTA TWO TIMES IN FOUR CALANDER YEAR PLEASE CLEAR THAT EXEMPTED FIGURE TAXABLE AS FRINGE BENEFIT TAX OR NOT

THANKS & REGARDS

NITIN

Some one pls let me confirm wheather the quaterly Etds return is mandatory or not in case of nil tax deducted. pls quote the section, circular or notification ref no

Two residential house properties are purchased, one in 2004 and another in 2006, each under an housing loan availed from 2 different banks. Whether assessee can claim deduction u/s 80C on repayments of both these loans for AY 2008-09? [or whether the section permits deduction on only one (first)housing loan pertaining to one property only?]

Will the answer be different if in the above case, second loan is availed to construct first floor on the same property?

[The loans are used for construction only and not for any repair / renovation in the above cases]

The above queries are with specific reference to the later restrictive provision of the same section. The A.O interprets that any additional loan availed, whether used for constructing additional floor or a new building, after completion of construction or obtaining possession of first property or ground floor, will not qualify for deduction for its repayment.

Whether demand can be raised by ITO (TDS) for non deduction / shortfall in deduction of TDS by an assessee?

If so, whether any time limit exists for raising such demand. How far back he can go? For example, can he raise demand in 2008 for default in deduction of TDS in FY 2003-04? [The problem is that the payee can not claim credit for such belated deduction of tds (even on the basis of form 16A), if the filing of revised return is time barred or disabled (owing to non filing of original return in time), even assuming that this otherwise provides a valid ground for filing a revised return]

Will this not amount to double payment of tax, if the payee had made good the shortfall by himself paying the advance tax?

Tax deducted on 31st March is to be deposited upto 31st May.


The above statement is confirmed by refering to following links:


http://www.indiancaonline.com/story/2005/6/14/19284/1062(refer notes: point 2)


http://www.mmehtaco.com/TDS_RATES&DUE_DATES.pdf


BUT

Following link says the above rule is NOT applicable to PAYMENT OF SALARY(Point 12)



http://ghalla-bhansali.com/it_tds.asp


Please confirm whether TDS on Salary is an exception to the statement - Tax deducted on 31st March is to be deposited upto 31st May - BY QUOTING RELEVANT SECTION / RULE

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?

Suppose an AOP has the following income:
Dividend = 50000
Rent = 1000000
Interest = 1000
STCG = 150000

And it also has a corpus donation of 10 lacs.


So What will be the tax liability of AOP?