Anonymous
This Query has 1 replies

This Query has 1 replies

02 July 2012 at 12:35

Income tax

Iam salaried employee have yrly packageof 7.26K. I had made 1lac investment(50% in PPF &50%in LIC)to claim deduction u/s 80C. I want your suggestions to reduce my tax liability


DIVYANG R JHAVERI
This Query has 1 replies

This Query has 1 replies

Hi,

One of my client is divorcee , she need to replace her husbad name from her pan card , but she don't have divoce cirtificate , can you guide me what should be the other alternative in lieu of divorce cirtificate.

I get inquired at uti and nse an afidavit is also not acceptable to them for change in husband name.

Pls. guide me accordingly.

Divyang Jhaveri


dattatreyahg
This Query has 1 replies

This Query has 1 replies

01 July 2012 at 08:45

Income tax

I am an Actor in TV Serial. I have been following CASH method of accounting in all previous years. I received a crossed a/c payee cheque d/d 26 april 2012 for the work done in March 2012.It has been credited in my bank a/c on 30 april 2012.But this is shown in form 16 A for a/y 2012-13 as amount paid/credited on 31March 2012."Date on which tax(TDS) deposited" is sown as 26 May 2012. Kindly clarify (1) Should I have to necessarily show this as my income in my IT Return for a/y 2012-13 (even though I have physically received this income in a/y 2013-14 ? (2) can I show it in a/y 2013-14 and claim TDS even though form 16A shows it in a/y 2012-13? This transaction is also reflected in form 26 AS in a/y 2012-13 DATTATREYA H G


Sakshi Gupta
This Query has 3 replies

This Query has 3 replies

29 June 2012 at 16:28

Tds on salary

If a director gets a salary of 60000/- PM how much TDS will be deducted on salary?
what will be the % of TDS Deducted.. u/s 92B


Yash Dave
This Query has 1 replies

This Query has 1 replies

28 June 2012 at 18:53

Capital gain

THE PERSON SOLD ANCESTRAL OPENLAND FOR RS 1 CRORE ON 6/3/05 HE IS NOT ASSESSED TO INCOME TAX OR NOT HAVING PANCRAD NO HE HAS RECIEVED NOTICE U/S 148 FOR AY 2005/06 ON 04/01/2012

1) WHETHER THE NOTICE ISSUED BY THE INCOME TAX DEPARTMENT IS VALID NOTICE WITHIN TIME LIMIT OR NOT.

2) WHETHER THE PERSON HAS TO FILE THE RETURN SHOWING INCOME OF CAPITAL GAIN



Anonymous
This Query has 1 replies

This Query has 1 replies

28 June 2012 at 17:27

Filling income tax

hi,

i am going to fill IT returns and for that i have an query. which ward/circle i have to mentioned in form if filling return online as my pan card is from aurangabad(maharashtra)circle and i am leaving in navi mumbai and working in mumbai. whee it is aurangabad or mumbai or navi mumbai circle or it depends on address mentioned in the form. please tell me.


Guest
This Query has 1 replies

This Query has 1 replies

27 June 2012 at 21:04

Capital gain

THE PERSON SOLD ANCESTRAL OPENLAND FOR RS 1 CRORE ON 6/3/05 HE IS NOT ASSESSED TO INCOME TAX OR NOT HAVING PANCRAD NO HE HAS RECIEVED NOTICE U/S 148 FOR AY 2005/06 ON 04/01/2012

1) WHETHER THE NOTICE ISSUED BY THE INCOME TAX DEPARTMENT IS VALID NOTICE WITHIN TIME LIMIT OR NOT.

2) WHETHER THE PERSON HAS TO FILE THE RETURN SHOWING INCOME OF CAPITAL GIAN


Guest
This Query has 1 replies

This Query has 1 replies

27 June 2012 at 20:54

Refund

i have recived less refund then what i claim in income tax returns i have filed online return they have directly deposited the refund amt in my saving a/c i did not recieved any 143(1) intimation so that i can file 154 rectifcation online i have request them to resend the intimation still i have not recived the intimation so what should i do now please explain


Yash Dave
This Query has 1 replies

This Query has 1 replies

27 June 2012 at 20:43

Profession or business

I AM RECIEVING FACILITATION FEES FROM RMP INFOTECH PVT LTD FOR WHICH THEY ARE DEDCUTING TDS AND GIVING ME 16 A FORM MY QUESTION IS WHETHER MY ABOVE INCOME WILL BE TREATED UNDER PROFESSION OR BUSINESS PLEASE EXPLAIN



Anonymous
This Query has 3 replies

This Query has 3 replies

27 June 2012 at 17:20

Who have to pay?

I have 3 questions:-
1. How to calculate tax on arrears of family pension recd to death employee's spouse in lumsum. Is sec.57 deduction also available on it?
2. A house in the name of assesse has died and his son do rental agreement with tenent of that house and tenent directly deposit rent in son's bank a/c(but this was not written in rental agreement), then this rental income will be include in son's income or his widow mother income?
3. If after death of his father, his son gets interest (directly deposit at his bank a/c) on loan paid by father without any agreements and/or proof etc. to someone then this income of interest will be take as son's income bcz his bank statement showing Or his Widow mother's income.
IN MY OPINION AS PER LAW AFTER DEATH OF FATHER HIS SPOUSE IS THE FIRST OWNER And THEN AFTER HIS SON, SO ALL ABOVE INCOME TO BE TREATED AS MOTHER'S INCOME AND SHE WILL LIABLE FOR TAX, NOT HIS SON AND DIRECT DEPOSITE IN SON'S BANK A/C SHOULD IGNORE.
Am I right or not?? Also explain tax treatement.
Thank You.






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