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Tax query

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CA kuldeep kothari (own practice) (375 Points)
Replied 22 December 2009

yes u cn file return up to 31-3-10 without penalty 31-3-11 wit penalty of 5000 rs u cn claim all ded. n refunds i thnk u should file itr 1

Kapil Mittal (Accounts Taxation & Finance)   (31 Points)
Replied 22 December 2009

I have home in noida & claiming HRA from company.  actully i m leaving with my mother in delhi with he. can i claim both if yes suggest how...

 

 


NARENDER PAWAR (CA final Student) (337 Points)
Replied 23 December 2009

their is no need to file itr-4, but u file itr-2 because the income related to rwo heads one is "income under the head sales" & "income under the other head " & u can also claim deduction u/s 80c & also under sec 80D of mediclaim.


manish (Article Assitant) (358 Points)
Replied 23 December 2009

yes u can file the return even if the due date has gone. you can take deduction of 80C and medical ( give full detail of mediclaim condition on it) you have to file itr -1 for this.


nisha rajani (student) (39 Points)
Replied 23 December 2009

can we set-off speculation loss on sale  & purchase of shares (futures & options) against normal business income?



Pankaj kumar (Student) (160 Points)
Replied 23 December 2009

Dear Friend.

I think your question is incomplete b'coz

1) As the source of Intt income is not mentioned.

2) Amt of TDS deducted incomewise is not disclosed.

3) Refund cannot be claimed for Rs.35000/- in any sense becoz No refund is due on salary as you told that no other source except salary + Intt.

4) If only Salary + Intt (If SB A/c) Source you have to file ITR 1 o/w ITR 2.

 

Thanx

 

 


VIPUL (ARTICLE ASSITANT) (68 Points)
Replied 23 December 2009

You dont have to file ITR 4 for this just file ITR one because their is only salary income,for late filing you have to pay interest u/s 234A and nothing else you can get deduction u/s 80C .you can file return upto 31/03/10.

 


Subrata (Chartered Accountant) (35 Points)
Replied 23 December 2009

I have a flat in Mumbai where I work. I have rented a house in Nagpur for my Family. Can I claim Deduction for HRA as well as Interest on borrowed loan for purchasing flat in Mumbai.


Sagar (Student) (142 Points)
Replied 23 December 2009

 You have to file ITR-1 instead of ITR-4.... and yes u can claim Deductions...


Sagar (Student) (142 Points)
Replied 23 December 2009

 Subrata U cannot claim deduction of HRA but u can claim deduction of interest paid on borrowed Loan...!



mallela.ravikiran (learner) (136 Points)
Replied 23 December 2009

Dear subrata,

if working place and family in different place, you can claim both

 

 


Amir (Learner) (4016 Points)
Replied 25 December 2009

Mr. Tarun is is perfectlt rite


CA.Tarun Maheshwari (CA, DISA) (7150 Points)
Replied 25 December 2009

Yes. Dear Subrata. You can claim both as both the places are different.


Archit Goyal (Learning Professional) (344 Points)
Replied 25 December 2009

u should file the itr 1as it is applicable to salaried person

ur exemption will surely be allowed

dont worry

 



Bharat Khurana (Student) (153 Points)
Replied 26 December 2009

you should furnish the return. Return can be filed up to 31-03-2010 with a penalty of rs. 5000, You can claim deduction u/s 80C also. and ITR-1 is to be filed



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