Sir

The TDS for the AY 2012-13 is not yet paid by my employer eventhough the same has been deducted.

Shall I claim credit for the same from my tax while filing the return. Please advice.

Thanks

SANTHOSH

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

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

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?

what are the possible reasons for the non reflection of TDS credit in 26AS??? And what are the easy measures to rectify it?
Kindly solve my query.

I AM A STUDENT AND RESIDENT OF MAYUR VIHAR PHASE III, DELHI - 110096. I WOULD LIKE TO APPLY FOR PAN NUMBER. IN THIS REGARD I WOULD LIKE TO KNOW MY WARD/CIRCLE, AREA CODE, AO TYPE, RANGE CODE ETC. CAN YOU HELP ME TO FIND IT OUT.

My father settled 2687 Sq Ft land in my favour in 1979.

I constructed a house in 1981-82 by availing Staff Housing Loan of Rs.55000/-

Additional Construction in 1984-85 with a loan of Rs.20000

Improvements in 1987-88 with a loan of Rs.35000

Additional construction in 1991-92 with a loan of Rs.40000

Improvements in 1998-99 with a loan of Rs.150000

Improvements in 2001-02 with a loan of Rs.149300

Repairs in 2008-09 with a loan of Rs.600000

Totally I have taken Rs.1049300 over a period of time as mentioned above.

In 2012-13, I sold the property to a builder for a consideration of Rs.85 lakhs cash and a flat measuring 1300 Sq Ft. The value of the flat will be around Rs.75 lakhs. With that cash, I have purchased a villa for Rs.75 lakhs. Will I be subject to capital gains tax. If so, what is my tax liability.

Prakash