This Query has 3 replies
In case of refunds, is it mandatory to mention MICR code in case refund is asked for by cheque & not ecs.
Full a/c no has been mentioned
This Query has 3 replies
DEARS
PLS GUIDE ME
IS IT COMPULSORY TO REGISTER PARTNERSHIP FIRM IN MAHARASHTRA?
I READ FOLLOWING LINES SOME WHERE
FOR MAHARASHTRA
[In Maharashtra, registration is almost compulsory. For the purpose of income tax benefits It is necessary to register a partnership with the Department under S. 184 and S.185 of the Income Tax Act, 1961. For the Influence of the Income Tax Act on partnership, see Ch. III in Part Viii.]
WHAT IT MEAN
This Query has 1 replies
Can anybody please tell me that if we have purchased a urban land few years back as an investment . and now we are proposing to use it for industrial purpose but no such initiative has started till the valuation date . In this case can we claim exemption for 2 years for such land as such the land to be used for industrial purpose. and
My second query is can we claim the deduction for such land as held for stock in trade?
In both of the above cases this land is shown as urban lands in the previous years in the wealth tax return.
This Query has 1 replies
I need to the procedure for calculation of ESI and gross salary for calculating ESI. whether allowances include in gross salary or not. the taxpayer has the following in his salary
1)basic salary
2)HRA
3)Conveyance allowance(CA)
4)Education allowance
5)Medical allowance
6)Special allowance
Whether all these are includes in gross salary for the purpose of ESI.
This Query has 3 replies
my gross income from salary is 5.4 lacs....and exemption u/s 10 is around 75,000...so my taxable salary comes to Rs. 4,65,000... and have no other source of income not even interest.
I went to file my return on 27th...but the officials sitting there refused to accept my form..saying "my income is less than 5 lacs"..but i wanted to file the return as the new rule only exempts filing of return but doesn't prohibits filing of return.
But there was no one listen to my plea...and ultimatley i was standing there helpless and had to return without submitting my return..
I want to take this matter furthur...so that the officials sitting over the collection centres stop harrasing the assesse's in future..what line of action shoud i take?
can i get any help on this from experts of this club..?!!
This Query has 3 replies
In case online return was filed by a person last year who is not available this year, hence the password & answer to security question is not availble .
please advise how to change the password for filing return online for this year
This Query has 1 replies
A branch of a leading Public Sector Bank has not uploaded TDS particulars in respect of depositors for Assessment Year 2011-12. Despite repeated requests from the depositor to do so, the branch is giving some excuse or the other for not doing so. My queries are as follows:
1. Is there a time limit within which the TDS particulars are to be uploaded?
2. What happens to the TDS claim of the depositor (who has been given the TDS certificate by the Bank in Form 16A) if the particlulars are uploaded after the time limit and/or after July 31, 2011? Note: The depositor will be filing his IT Return online.
3. Is there any remedy available to the depositor to compel the branch to upload the TDS particulars?
This Query has 2 replies
Respected sir,
Where do i show LIC DEDUCTION IN ITR -1,
Where do i show my transport allowance of Rs. 9600/- , & Medical allowance of Rs. 15000/- & profession Tax deductions in all these deductions to be shown in which section in ITR - 1, Please help me.
This Query has 6 replies
Hello expert
A person is employed in Punjab National Bank.
TDS cetificate furnished by employe bank indicates a tds deducted of Rs. 20000. But 26 AS statement is not showing it.
what can be the reason.
Is it due to the fact that employer is a Government?
I have once read that for tax deducted by goverment employee 266AS statement use to be blank, because for them TDS deducton is done only by passing accounting entries.
And this system is not fully functional rightnow.
(unlike to the non-govenment employee for whom Bank funishes data over TIN system. afte that employer funish quaterly statement. only when both match, 26AS statement reflect TDS.
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