What is 'previous year' ?
This query is : Resolved
07 February 2012
as per circular No.05/2011 dated 16.08.2011. IT for FY 2011-2012 for sec 80 D, 80DD 80E etc, 'in computing the total income...... any amount paid by him in the previous year, out of his income chargeable to tax....
What is the meaning for 'amount paid by him in the previous year'?
Does it refer to amount paid in 2011-2012 i.e. FY? or 2010-2011? or for the AY's 2012-2013 previous year i.e 2011-2012?
Jeyaraj
What is the meaning for 'amount paid by him in the previous year'?
Does it refer to amount paid in 2011-2012 i.e. FY? or 2010-2011? or for the AY's 2012-2013 previous year i.e 2011-2012?
Jeyaraj
07 February 2012
THE AMOUNT PAID DURING THAT FINANCIAL YEAR IN RESPECT OF WHICH THE INCOME TAX RETURN IS BEING FILED.
.
SUPPOSE , WE ARE FILING THE RETURN OF FY 2011-12, IT'S ASSESSMENT YEAR WILL BE 2012-13.
AS PER CIRCULAR DURING THE PREVIOUS YEAR MEANS DURING THE F.Y.2011-12.
.
SUPPOSE , WE ARE FILING THE RETURN OF FY 2011-12, IT'S ASSESSMENT YEAR WILL BE 2012-13.
AS PER CIRCULAR DURING THE PREVIOUS YEAR MEANS DURING THE F.Y.2011-12.
Guest
Guest
(Expert)
07 February 2012
It follows Amount paid in 2012-2012.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
