Husband & Wife take Loan Jointly

if their Interest is Rs. 1,00,000/- and principal is Rs. 80,000/-

should they take benefit for Rs. 1,00,000/- each in their separate Income Tax Return

OR

Rs. 50,000/- (1/2 share) in their separate Income Tax Return
same in case of Principal Amount.?

sir my dad has strted a new finance buisness for which he has applied for tan card.sir can i knw wht is uses of tan card?and fr micro finance business tan no is needed?and which form shlould be used aft geting tan card for filing tax?

SIR,
I AM A SALARIED CLASS PERSON AND ALWAYS USE THE IRR I.
NOW I WANT TO CARRY MY SHORT TERM LOSS IN SHARES. ON FILLING THE ITR-1 SAHAJ, I FOUND THAT THE TAX WAS CALCULATED LESS FROM ACTUAL TAX PAID BY MY EMPLOYER FROM MY SALARY ON PUTTING THE SHORT TERM LOSS IN PROPRIATE COLUMN. WHAT SHOULD I DO ?
I AM FILING E-RETURN BY MYSELF. SINCE THE CACLUBINDIA EXPERT WAS TOLD ME THAT THE ABOVE RETURN COULD BE USED AND SHORT TERM LOSS WOULD BE CARRIED FOR 8 YEARS.

WHAT WILL BE CORRECT TAX AMOUNT? PLS ADVISE.
THANKING YOU

When bank deducts TDS from the taxpayer, but do not deposit tds with government, then who is held responsible? Can a taxpayer declare ITR without showing tds on FD?
HOw to tackle this matter? I heard that a tax payer cannot open a case on the bank for not depositing tds with govt. Is it true. If taxpayer is not the appropriate person to file a case on the bank then who else is capable? How to act in this matter? Can a tax payer directly report the matter to the incometax office?
Please suggest.
Krishna

We are an Manufacturing organization and recently we have imported a CNC Punching machine from UK which costed Around 32 Lakhs (Used Machine). I just needed to ask how much amount of Bank Guarantee Will i be liable to pay. I am Completely Confused Right now because i have got mixed opinions about that. SO please if u can help me.

Dear All
An assessee has a non taxable income.
Whether IT Return can be filed atter one year from the Assessment Year i.e. the due date for filing belated return is expired.

its urgent.

Dear Sir

Please let me know the proceedure to efiling of TDS returns

Regards,
Somashekhara

Once a person gets registered himself with income tax department i.e., with www.incometaxindia.gov.in. then do he have to file his return of income though he doesn't have any source of income.

Kindly advice.
Thanks.

Is aadhar card a substitute of PAN card also?
will there be no requirement of OPAN for tds purpose or aadhar card will do?

I have been filed my income tax return for business income in ITR 4S. But I forgot to fill details of my STCG income from shares (Rs. 9000) and LTCL from shares (Rs. 12000).

Whether I have to revise my ITR and file return in ITR 4.


What will be the consequences if I do not revise it. How much penalty can be levied on me by AO.


Pls reply