Please send me the proforma of P&L and B/S for Salaried Person (Director of co.). if he gets salary and advances for exp. from company. and he has movable and immovable property.

My Mail-ID - sanojsharma84@gmail.com

dear all,
i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav??
reply asap
thank u

Dear Experts, Kindly tell if someone has received received funds from her deceased mother ie Pension amount credited in Bank A/c, Post office savings, Kisan Vikas patr etc. how will nominee show all such amount in his ITR. All funds credited to nominee a/c

Respected Sir,

I wanted to know, when i will Deposit the profession tax for Employer (Limited Company) for the F.Y.2012-13?Please Advice.

I have the following income during the financial year April 2011 - March 2012:

1. Income from Salary
2. Income from other sources ( Bank Inerest)
3. Long Term Capital Loss on Sale of Equity Shares & Units of Equity Mutual Fund Schemes on which Security Transaction Tax has been paid. ( The Loss is about Rs 6000/-.)
4. Tax Exempt Interest of about Rs 1,50,000/- on Public Provident Fund (PPF)

Please advise which ITR Form should i use to file my return.

Dear Sir/ Expers, My friend is staying in Chennai and working with MNC in Chennai. But he received Form 16 indicating the address of the company in Andraplradesh Vijayawada.My query is that whether the assessee has to file his return in chennai or in Vijayawada. Please clarify me it is urgent. Thanks

after 3 yrs of working i have changed my company.Now i have new PF account.Plz reply that after 5 yrs when i will withdraw my money from old account will my whole amount will be tax free? Because income tax deptt.says money should be withdrawn after 5 yrs from PFR A/C to get tax benefit.

1. what is the difference between income tax and professional tax.

2. how the treatment of tax for income tax is different from professional.

Want to claim TDS refund u/s 194D of AY 2011-12...Income does not exceed Basic exemption limit and there is no other income...can i file return of AY 2011-12 right now??

A person was working in company ABC and resigned from it. He withdrew all his dues, including gratuity, outstanding leave,etc. in December 2011. The form 16(Salary Certificate) clearly mentions that tax has been deducted at source.

In January,2012, this person joined another company XYZ for about two months. Naturally, the salary earned by him in these two months will be below taxable limit and hence no tax has been deducted at source.

This person has been advised that since the tax only on Salary Certificate of company ABC will find mention in the Income Tax Department records(26AS), he can ignore the Salary Certificate of company XYZ.

Furthermore, he has been advised that he may file IT Returns only on the basis of the Salary Certificate of company ABC.

The combined income of the two salary certificates(ABC plus XYZ)is attracting additional tax which he has been advised to ignore.

What are the repercussions of such an action and what is your advice?