Hi ,

I have 2 form 16's
1) F0rm 16 salary under section :192
2) Form 16 A,
Insurance Commision with section :194D

Which ITR Should i file .

Please reply me soon

Dear experts,

am working as accountant for a software company to save tax on salary please give me best salary structure to save tax for our employees.

For claiming Exemption under Section 54 F, entire payments are made to builder for purchase of a Flat under construction but the same is not still ready for occupation (with in 3 years of sale. Is there is any relaxation when Investment has already been made.

In India, Kashmir is exempted from service tax. Why it is so? Please help me to find the answer..!

Dear sir,
If individual died and he was filing ITR-4,
than what should be done with his pan card ?

And what should be done with capital account balance and other balances situated in balance sheet of that individual ? i.e. should balance transferred to his legal heir?

Dear Sir,

A person providing technical service (Software Development)
1)Total Receipts is around Rs.20 L, whether IT return to be filed under Presumptive taxation.
2)He took Housing loan from bank, House is yet to complete in another 3 to 4 months but he started repaying from FY 2011-12 itself, whether he is eligible to claim Repayment of Interest under Income from HP (Self Occupied) Rs.150,000/-(Total Interest Paid during 2012-13 Rs.349000/-) Or how much he can claim under Pre Construction Period.
3) Last Year TDS was short claimed, whether the same shall be claimed in the FY 2012-13.

Thanks in advance

Regards
Mallikarjun

Hi All,

I had a form 16 on behalf of my salary (Profession : Software Engineer),
Form 16 A on behalf of Insurance Agent .

I came to know that i have to file ITR 4 . Under which code of nature of business i need to file the form 16 and form 16 A

Greeting to all,
An individual has income from salary Rs.5,60,000/- as well as one inocme of Rs. 40000/- by doing some contract work with a company for which company has deducted TDS @1% u/s. 194C.

If I consider 40000/- as other sources I will have to pay self assessment tax @19%(20%-1%) on 40000/- with applicable cess & interest.
My question is
Could I consider this as presumtive income so that my taxable income will be 8% of 40000/-.
How I can reduce my tax liablity & which form should be used.

Thanking You,
Avinash

Respected Sir,
One of my clients has won a MHADA Lottery.I want to know whether payments made to MHADA for purchase of a residential house property qualifies for deduction under sec 80C.
I referred to sec 80C(2)(xviii)(a) wherein it is stated that :
Sums paid in the previous year by the assessee for the purchase of a residential property, where such payments are made towards or by way of any instalment or part payment of the amount due under any self financing or other scheme of any development authority,housing board, engaged in construction and sale of house property on ownership basis,shall be deducted in computing the total income of the assessee.
Please guide me on this matter at your earliest.

Dear Expert

My query is regarding EDP and PDP to be undergone during CS course.

I registered myself in August 2009 and am not sure whether EDP and PDP is compulsory for me. As per the training structure of the institute, it says that EDP and PDP is compulsory for students registered on or after 1.09.2009.

I need a confirmation on the above.

Requesting your reply.

Thanks and Regards