udit bareja
17 March 2012 at 13:52

Query regarding pan

My client has been allotted a PAN. All the details mentioned on the PAN card are correct but when I submit those details on Income Tax site to get that PAN registered it shows that first name does not match with Income Tax Department's data.
How can I solve this matter.
Plz reply as soon as possible.

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Anonymous
15 March 2012 at 23:47

Ngo return due date

i have a registered ngo under society act on april 2010. Ngo didnot have much work . i even dont have bank account. i want to know the legal requirements such as:--------
1. what is the time limit for filing a income tax return.
2. is it audit compulsory for NGO even its receipts are just 12000Rs in year 2010-11.
3. how can my ngo get registered for deduction under 80G.

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Anonymous
15 March 2012 at 21:39

Section 44ad

If turnover of an individual is e.g 15,00,000/- & according to 8% he is showing his profit equal to Rs 120000/- then is he covered u/s 44ad?

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Anand Modi
15 March 2012 at 18:35

Return filing after death of a person

My grand mother died in april 2011 and then there was a credit of interest income upto september and receipt of LIC pension plan and other interest income and my father would be legal heir so what my father would have to do? whether LIC income received is taxable. and what to do about loans and advances given by my grand mother to my father

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TUSHAR
15 March 2012 at 12:39

National savings certificate

I have invested in NSC's on 31mar,2010. but not accrued interest in the same assessment year 2010-11. Can u tell me date of accrual of interest for all the years?????????

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Punit Parekh
13 March 2012 at 21:45

Mat calculation

Section 115JB provides that to calculate book profit for Minimum alternate Tax, the amount of income to which any of the provisions of section 10 (other than the provisions contained in clause (38) thereof section 11 or section 12 apply, if any such amount is credited to the profit and loss account; shall be reduced and any expenditure incurred to earn the income exempt as above shall be added back.

(There are several other addition and reductions also to be done.)

My query is that for the purpose of this section whether the words ' section 10' include the provision of section 10AA(Special provisions in respect of newly established Units in Special Economic Zones.) also???
Please reply at the earliest.

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Anonymous

Dear all,

I have purchased a house property in the current year by taking home loan and i have paid stamp duty of Rs.50000 and registration fees of Rs.10000.Now the question is can I claim deduction u/s 80C for principal paid on home loan,stamp duty and registration fees paid.
For e.g. If I have paid a sum of Rs.20000 for Principal then Can I claim total deduction of Rs.80000 u/s 80C (20000 Principal of Home loan + 50000 for Stamp duty +10000 for registration fees.

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Tejas Dhami
12 March 2012 at 16:34

Capital gain- transfer

Capital Gain is not Attracted if all the conditions of Sec47(xiii) are satisfied. That is when an existing partnership firm is succeeded by a new company.
But if an already existing partnership firm is merged with an already "EXISTING Company", then will Sec47(xiii) be applicable?
If yes what will be the tax implications?
If no, then what will be the tax implications?

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Sankar Chakraborty
12 March 2012 at 15:15

Form 16


Dear Experts,

Please let me know about:
1.u/s 10 in form 16, salary certificate

2.the payment of LIC maximum 20% sum assured u/s 80C deduction

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bhatia
11 March 2012 at 14:54

Hra exemption

I lived in a rented accomodation from april to november 2011.In the meanwhile i have taken loan from bank for purchasing a house but didn't shift in that house due to some renovation.My company is giving me interest subsidy from may 2011 for that loan

Can i claim the Hra exemption as well as interest exemption under income from house property .

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