Hi,

A Senior Citizen Employee getting Annual Gross Salary 36,00,000.
His LIC is Rs. 1,00,000 and nothing other deduction or allowance.
Accordingly his taxable Income for F.Y. 2012-13 is Rs. 35,00,000.
Accordingly we deduct taxes Rs. 9,01,250.

Now we got an Intimation U/S 154 by Income Tax department:- we deduct short TDS Rs. 5,150 and they charged Interest Rs. 714 also. I have downloaded Justification Report also, according to that they deduct TDS on General Men Category.

We deduct TDS on senior citizen as usual correct slab rate.
Now What we should do against this.

Dear Experts,

greetings. I'm jinesh aggarwal. I want to apply pan no. for my mother. but she has no date of birth evidence. As per new notification, evidence of date of birth is one of the mandatory document require for apply new pan card.

Please suggest how can apply pan card for my mother if she has no date of birth evidence.

Regards
Jinesh Aggarwal

Is there depreciation allowable or not @ 50% of depreciation rate under Income Tax Act for the financial year 2013-14 if an asset is purchased on 31.3.2014 and put to use on the same date by the assessee.

My Brother itr was Filed by Mentioning wrong TAN in ITR1 He is a Salaried Employee.Intimation u/s 143 was sent by cpc with Demand Identification No and it shows net amount payable.But my brother had Refund amount.It is not possible to revise return because it is filed after due date. In that intimation challan no/ITNS 280 was attached and Tan unmatched information also.Is it possible to file rectification under section 154 now?and how to file? Please guide me.

Thanks in Advance.

if income is below taxable before any deduction under act.
What is the time limit to file return of income.
My income is 82400 for the A.Y.2011-12
Whether i can file return on 01-05-2014 or not.

If not then which section denies it.

in form16a only taxable salary is given or gross salary which value should i enter in return

I have a flat in bangalore - which i have shown as residential property. My father has taken another flat in Agra. In that property agreement i am a co owner. The Agra property is yet to be registered. My father plans to use that property as a residential property hence there will be no rent income.

My Query
1. How shud the property be registered so that i have no tax implications of the same
2. If at all i do have any tax implications, what will be those?

Can anyone tell me,
We file 24Q returns of a company for Q1 and Q2 for the F.Y. 2013-14, and then shift employees to another company and for further Q3, Q4 salary paid by 2nd company.

Now my query is can we get from traces Form-16 of 1st company for Q1 & Q2 without filing returns of other quarters?

Regards
Sangeeta

ABC is an individual . He was allotted a factory land 14 years ago by RIICO . He was using the land for running a factory for manufacturing brass items for exports as a sole proprietor. HE STOPPED HIS BUSINESS 7 YEARS AGO and surrendered sales tax /pf registrations and ceased to file income tax returns. HE IS SELLING THE FACTORY LAND AND EARNING GAINS FROM ITS SALE. PLEASE ADVISE ON :

1.CAN HE CLAIM EXEMPTION FROM CAPITAL GAINS BY PURCHASING ANOTHER FACTORY LAND FOR SETTING UP ANOTHER BUSINESS?
2.HOW CAN HE MINIMISE CAPITAL GAINS TAX?

My Grand Father was died in last year and they having interest income and bank was deducted tds so shall i want to file income tax return? and whats process for surrender pan card?