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

I built an independant house on a 2687 Sq Ft land (settled in my favour by my father in 1979) out of loan availed from my employer Indian Bank. The total amount spent was around Rs.6 lakhs availed in various periods and the present Indexed cost of acquisition comes to Rs.18 lakhs.
Now I have sold 2000/2687 Sq Ft undivided share of land to a builder who is going to demolish the building and construct flats for a consideration of 1 flat measuring 1200 Sq Ft and cash compensation of Rs.85 lakhs. If I invest in another property for Rs.75 lakhs out of the sale compensation of 85 lakhs, will I get Long Term Capital gain exemption.

my husband it return filed by his employer every year. they didnt give any ack.. for this return. now we want to see his accounts statement. is it possible to see this through internet. pl anybody help me to see this records.

Dear Experts,
In case of a collaboration agreement with a builder, in which 4cr is paid in advance by the builder against which he gets the second floor(22.5% share according to the contract) out of the ground+3floors he will build at his cost.
-Can the 4cr be used to buy an apartment and get exemption from capital gain tax?
-When does the capital gain account needs to be opened,after the possession of the new building and the registry for the second floor to the builder,or after a year from when the 4cr was received?

-initially it was a 20yr old constructed house in defence colony
-under the joint name of husband and wife.

Thanks in advance

hii frndds,

i have cleared my ca final today in my 1st attempt getting 10th rank (all india


my question is wat r my chances of getting placed at icai campus as I HAVE CLEARED MY IPCC 1ST GR IN 2 ATTEMPTS AND 2ND GROUP IN 3 ATTEMPTS????

Hi Experts,

I have filed the returns manually for last 2 years. But I don't see that online.

Also I tried filing returns online but could not as the TAN no BLRM005590E showed invalid.

I would like to know how can i find out that a valid tan for Bangalore.

Dear Sir,
This question has been asked in different ways, but since I'm unable to get an convincing answer, I'm posting this again.

I'm using Google Adwords and my bills are raised by Google Inc, Ireland and payments are made in USD through my credit card.

Will there be TDS applicability for a company established in Ireland (I doubt b'cos firstly, there'll not be an Indian PAN no for them).

I read somewhere in the forum "2. TDS on Advertisement Income of US entity is to be made only if, US entity has a permanent establihment (PE) in India. Please obtain a declaration/confirmation from them as to whether or not they have a PE in India."

Now we do have a company called Google India Private Limited, which has a PE in India. However, Google Inc doesn't have a PE in India.