Dear sir
I am received a letter from Director of Income Tax (Intt. & Cr. Inv.) regarding non quoting PAN u/s 139A(5) & 272B of IT Act for the financial year 2010-11.The Brief Facts of my Financial Transactions are following.
* In the F.Y 2010-11 I am cash deposit Rs. 3449000 in my saving bank account and Rs. 2317000 are deposit through cheques
* I am not a Income tax Assesse but I am Pan Holder
* I am a agriculturist and my family total income from agriculture is Rs 15 Lac per year
* The above cash which is deposit in bank received by sale of a piece of urban agriculure land, but I am not a owner of this land , I am only special power of attorney holder of this land, i have only right to sale of this land . This land was given to me by my relative (Mosa) in blood relation. There is no documentary evidence of this land, how to given to me.
The Question arise above Facts are:-
1. If I file income tax return for F.Y 2010-11 relative to A.Y 2011-12, what source of income i shown in ITR for Above cash deposit Transations.
2. Is i shown long term capital gain of sale of agri. land. (which I am not owner, but I use sale Consideration)
3. I am remaining 5 acre agriculure land, which i am not owner , but I want to sale in future, for sale in future how i show my income
Thanks

I efiled my return. I uploaded the wrong .xml in which the interest income in Income from other sources is not included. Although my tax liability is nil. I am supposed to get refund of TDS on that interest.
I got ITRV also.
Help!
What should i do now?

i want know whether wealth tax is removed now or the limit is increase how to calculate wealth tax of the individual

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