Hi All,

I just wanted to know that what is the % of total perquisites in part of total Cost to Company ( CTC) as per income tax act?

If suppose a dealer wants to pay LBT for the month of Oct, 2013 in the month of Jan, 2014 an interest @ 2% should be required to pay on LBT Liability after the 10th of Nov, 2013. Whether I should calculate interest on all the months of nov, dec and jan, 2014 considering the part of the month as whole month or I should calculate on late days i.e., from 11th Nov, 2013 till today. Please reply.

Sir, I am working as an audit assistant in a firm of chartered accountants on consultancy basis for which they have deducted TDS u/s 194J from my fees. I want to know that which ITR have to file.

I have registered pan with income tax before 2 days. Not yet i dont get activation link. How can i change my email ID?

My client has wrongly given status as Company instead of AOP. Can status of PAN changed to AOP now and retain the same PAN? If not, how to claim tax credit in faulty PAN?

i have a tds file tds return and a return total 5 party account deducted . one party worng assessment year selected 2013-14 and other party 2014-15
4 party 2014-15
1 party 2013-14

I paid rent 84,000/- for 7 months (12,000/- per month) to the house owner A and 60,000- for 5 months (12,000/- per month). (both in New Delhi)

total rent paid(84,000) to owner A is below Rs. 100,000/- for the year 2013-14. Similarly rent paid(60,000) to owner B is also below Rs. 100,000/- for the year 2013-14,
There should not be any requirement to submit the proof of PAN of both owner

Whether, in this case I have to submit PAN of both owner to the Income Tax Department?

Basic 250,000
Actual HRA 150,000
Rent Paid(144,000) - 10% of Basic Salary(25,000)
119,000
50% of Basic Salary 125,000
least of 150,000 / 119,000 / 125,000 = 119,000
(without PAN of both owners)


Dear experts,
thanks in advance.

Which IT form i can used if my income is in the form of Salary,Interest & house property for AY 2013-14

1 OF MY CLIENT WANTS TO GET HOUSING LOAN OF RS. 7 LAC..SO HOW MUCH TAX SHOULD HE PAY FOR LAST F.Y..??

THANKS IN ADV

Dear Friends Pl clarify how to treat the interest during construction of house if the house is completed with the same financial year of taking loan from bank. Wheather to take full interest for exemption or it should be at 1/5 each for 5 years.