n ganesh

What is the obligation of employer, if any employee, has joined during the year midway? Whether for TDS, the previous employers income and TDS is to be considered in Form 16 of the present employer?

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Zubair Ahmed
14 April 2014 at 23:55

Section 80c deduction on lic premium

I recently purchased two LIC policies. I paid the premium in cash. I want to know can my father claim deduction under section 80C in his income tax return on the premium I paid in cash. My father is a pensioner aged 71 & I am 35.

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Anonymous

Dear Expert,

I am going to apply for PAN card of my wife. We married last year but there is no proof available in my wife's name because we shifted into another city.

I have rent agreement in my name as well bank account in my name but my wife doesnot hold any address proof in new city .

What documents required for her to apply for pan card.

Give me practical solution so that i can apply for pan card

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Anonymous
13 April 2014 at 23:43

Demand notice from it dept

Hi,

age: 32
assesment year 2013-2014.

I have filed my income tax return for the financial year 2012-2013 using itr4, since i have salary income + losses from option trading + savings bank interest. below are the details:

1. income from salary 602210 rs
2. dedcutions under 80c 28731 rs
3. deductions under 80D 2893 rs
4. income from bank saving interest 3088 rs
5. Loss from option trading -85903.18 rs
-------
1. TDS deducted 36571 rs
2. self assesment tax paid 8230 rs

I received a demand notice from IT dept, can anyone please help me what is my tax liability.

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Anonymous
13 April 2014 at 19:14

Capital gain

Purchase Sold
Agreement date 4th june 11 2nd March 12
agreement value 8,50,000.00 1030000
registration 8,650.00 0
stampduty 48,500.00 0
Brokerage @ 2% 17,000.00 20,600.00
Total Cost 9,24,150.00 10,50,600.00

can you please advise how much tax i have to pay ?

is there any way to save tax

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Anonymous
13 April 2014 at 16:02

Gift by cheque to a married daughter

RESPECTED SIR,

MY AGE OF MY CLIENT IS 78 YEARS.

HE IS RESIDING WITH HER MARRIED DAUGHTER AS HE IS NOT HAVING ANY OTHER FAMILY MEMBERS.

AND HER MARRIED DAUGHTER IS THE ONLY ONE FAMILY MEMBER.

HE RECEIVED THE RETIREMENT AMOUNT AND WITH OTHER SAVINGS, HE GIFTED THE SUM OF RS 14,00,000 TO HER DAUGHTER BY CHEQUE.

DOES THIS GIFT AMOUNT WILL BE TAXABLE IN THE HAND OF DAUGHTER ?????

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Kailas Mate

We have an co-operative pathsantha (Gramin Bigar Sheti). & now we want to apply for New TAN number guide us for details procedute with required documents.

Our Address Are
A/p.Talegaon Dhamdhere, Tal-Shirur, Dist-Pune
Pin- 412208

Also guide for following :-
Assessing Officer Code (TDS / TCS)-
Area code-
AO Type -
Range Code
AO Number

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Intermediate Student
09 April 2014 at 11:07

Lic premium

Dear expert,
I have paid lic premium of my FRIEND of Rs. 25221 through internet banking from my a/c.
Then my friend gave me cash.
Can my friend take deduction u/s 80C.

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nikhil n vaghasiya ...........
08 April 2014 at 16:12

About form no 15

what is form no.15 g and who is liable for this type of form

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Anonymous
07 April 2014 at 13:37

Sale agreement without notary

I have purchased flate from my father via sale agreement. (on Rs. 100 stamp paper without notary)
Above flate purchased because of saving tax u/s 54F on LTCG.
Can i take exemption still as it is not register by notaral ?
Is it compulsory that sale agreement must be registered by notery for claiming exemption u/s 54F

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