I have a question for you. I am planning on renting a residence in mumbai for rs70k a month. I have two questions. Ia am a salaried individual

1. In a company lease TDS is deducted. Is TDS deducted in a personal lease ?

2. The land lord wants to break up the lease into a par rental 40k per month and part payment for funiture 30k per month so that he saves tax. Does it imply that i can use HRA tax benefit only on 40K (which is the rental excluding the furniture tax)? Or will i be able to get tax deduction on the entire 70k net of 10% of basic?

Thanks
Sujay

ASSESEE IS NRI RESIDENT OF DUBAI EARNING INT IN INDIAN NRO A/C .BANK HAS DEDUCTED TDS AT 12.5 CONSIDERING DTAA WITH DUBAI . INCOME TAX RETURN FORM NO 2 DO NOT ACCEPT SPL RATE OF 12.5 ON INDIAN INT INCOME WHAT IS THE REMEDY

Dear Sir,
When it is mandatory to file a Return Of Income for a Non Company /Non Firm Assessee?

Whether his Total Income exceed the maximum permissible amount which is not chargeable to tax OR his Gross Total Income Exceed the maximum permissible amount which is not chargeable to Tax????

HI..

My father is a salaried person, and getting monthly salary till august 2011, till the time he retired from his government job. After that he is getting pension form there.

In January 2012 we have purchased a residential land and that has not been registered yet, but as per scheme my father is getting monthly assured return on the amount invested, and that firm is paying that amount after deducting TDS.

Which form my father should file this year, in which head that return from that firm will count??

Please suggest.


Regards,
Manish...

I was working as a salaried professional till May 2010 and filed my 2011-2012 returns last year in time. There was a entry from PF department in my tax credit statement of above 1Lakh rupees with corresponding tax paid to IT department in 11/2010. Since I had received no such amount, I tried to trace the money with LIC/PF but there was no record found. The concerned department mentioned they will correct the error. Assuming it was an error, I filed the IT return for 2011 without including the said entry either in my income or tax credit details. The entry was later corrected by a reverse entry in 09/2011.

I had forgot about it but now seen that a reentry has been done in 10/2011 of the same amount and showing in my 26AS again for last year, without any reverse entry.

I am not sure how to file this year return. I was owing some amount due from PF in 2010-2011 but not sure about the actual amount. I am below the minimum tax slab for both last year and current. Is there anyway I can declare the entry in this year tax return and seek refund at least of the tax paid ? Or will I need to revise the last ITR and send it again...
Do note that I have not received the actual money from PF body yet and think it may be difficult to trace given that concerned department washed it hands off cleanly last time. I am more of the opinion that its a scam and my money be already sitting into somebody else bank account who has encashed it

Please advise advantages/disadvantages of the approaches and best way forward as per you...
Detailed and urgent response appreciated

tds for the month of mar 2012 paid in 7th apr 2012. After e filling tds return the same amount credited in the PAN of duductee in the month of apr 2012 which should be in march 2012.

So dear friends plz assist me to solve the above problem.

Thanks in advance.

Dear Sir,

I am drawing my salary of Rs. 33000/- pm to what extent i can claim Leave Travel Allowance (LTA)

Please suggest me the exemption limit of LTA from my Salary

Regards

Raj Kumar

Hi, Myself Ankur Garg, My query is that, if Mr. A has a capital fain income in the FY 10-11 from selling a residential property but unknowingly he could not put that money in capital gain deposit scheme, so what is the penalty or interest on that...

Hi Sir/Maam,
I am new for tds. I want to know about tds rules regulation which help me to work properly in my company. I want to know how to file tds return or e-tds return.please answer my question.

Dear Sir,

My Salary Package is Rs. 300000/-
I am residing in Rent House
At what percentage my Rent allowance should i deduct on which basis, now I am paying 9000/- rent per month
please send the structure with all allowances deduction to avoid TDS & Income Tax