X,an employer of the central government receives RS 8,90,000 ,as cash equivalent of earned leave to his credit at the time of his retirement on aug 31,2016.He joins a pvt sector on oct 1,2016.The assessing officer is of the view that since X has joined a pvt sector,the amt of earned leave received by him is fully taxable.Do you agree with him?

Hi, If a person is earning Rs. 40500 per month, please help me with income tax.

I Came to know lot of tds softwares available in the market. which one is the best software? kindly help me

dear sir
I had received a mail from cpc regarding refund withheld for ac no verification and a response sheet was attached. I replied with duly filled response sheet on 16/11/2016 to CPC. but still no acknowledgement from cpc for that response sheet no refund yet.
plz tell me how to track that response sheet status
thanx

Dear All
One of employee has provided us the rent slip to claim the deduction of HRA pls clarify since we are deductor is it our responsibility to authenticate the rent receipt also provided by employee in case if HRA exemption has been given in form of providing fake rent slip by employee. Then any consequence of for employer?

Pls suggest..

Regards
Mukul Jain

As all know tds is to be deducted when payment/Credit whichever is earlier.. Now assume a big shot company say 'X1' deducts amount something in crores. And what it does is it gives for a rotation on the tds amt which has to be remitted to gvt within due date say 7 of sub month. So company does for a maximum gain i.e from the date of deduction (much closer to previous payment due date) to the actual payment of tds it gains interest from rotation and enjoys.. So my question is, earning income out of tax liability should be brought under tax right.. (Strictly speaking to be punished)... Any views on this ?....

Dear Experts, Is compulsory to be offered deemed rent on purchase of Property as per income tax? g

dear sir whether may cilent has paid remuneration to partners and he is audited 44 AB whether he has deducted tds from remuneration of Rs 500000 per annum.it is deducted audited case or non audited case.

Is mutual fund after maturity taxable? If yes then under which head of income?

Dear Sir,

This is with reference to IT Dept notice "Compliance of Non-filers Monitoring System (NMS)" for AY 15-16.

I would like to furnish the following details and request our learned expert to suggest further course
of action.

1) I have not filled IT Return for AY 15-16 as i am NRI (Since 15 June 2014)
2) Employer have deducted tax for the month of April 14 and May 14 (Rs 3440) for income from salary of Rs. 104000.
3) TDS (saving account) is deducted for AY 15-16 (Rs 5119) for income from interest of Rs 50974.

From the above details it is evident that NO TAX is payable for the said AY.

Kindly confirm can i now claim TAX RETURN of (3440 + 5119 = Rs 8559) as my total income in India is only Rs. 154974.

Shall I fill the ITR with TAX RETURN or WITHOUT TAX RETURN... PLEASE SUGGEST

Thanks for your assistance in advance.