Dear Sir

What is the method of calculation of 80G Deduction.

Can anyone help me out with example

Sir,
want to know will my PF be taxable in case of with drawl?

i joined Asian Paints(AP) in sep 2005 and left in dec 2008 , then joined nestle(N) in dec 2008 and worked there till feb 2010.

i had transferred my pf from AP TO N and till date ie on 28.01.2012 all pf money (approx 1.16 lakhs) is lying with nestle trust.

pls tell me whether there will be any TDS Deduction?

also tell me if suppose there are no tax deductions and if i receive full amount ,will it be taxable in my income for py-2011-12? What will be the tax amount?

I have filed quarterly tds return 24 Q.
But there was one error : "Challan details mentioned in the statement not present in the challan file imported "
I have given records to nsdl
now what will happen ?

Is there any remedy from escape the penalty u/s. 271(1)(c) in the following case?
1. Assessee has not filed return of income
2. He has not replied the any notices issued by the AO in the course of assessment procedings
3. The AO has completed the assessement u/s. 144
4. Assessee has filed appeal to CIT(A) and get relief to some extent
5. Now the AO has imposed the penalty after the order passed by the CIT(A)

In My E-Return Process staus shown is "e-Return has been processed at CPC - nil demand/refund ".. Will I get the Refund Amount or not ? Pls help out


Or
pls call me Shashi 09980326444

DEAR SIR,

WHEN WE WERE PREPARING THE FINANCIAL STATEMENT THE CLOSING STOCK HAS BEEN OVER VALUED.IF THE INCOME TAX AUTHORITY FIND THIS OVER VALUATION WHAT WILL BE THE PENALTY.

REGDS
SHYAMLAL.K

Hello.

An assesee runs a business as a semi wholeseller in color paints. the accountant has not written maintained the savings account of the assesee, wherein he is a joint a/c holder with one of his relatives. Neither the savings account has been disclosed in the assesee's books.

the other joint holder runs the same business on a very minor scale through the same savings account. He has filed his ITR.

the A.O has added back all the cash deposits made during the yr in the savings account and taxed in the hands of the assesee. Does the assesee has an eligible stand. Is the A.O's order correct ?

I need to discuss.

dear sirs
can i filed return today for ay 2009-10 because of there is my tds rs. 130000/-

Am an employee of a private limited, am staying in a hostel and paying monthly hostel fee of Rs. 1500. But my parents staying in their own house in another city. while calculating TDS on my salary, shall i take hostel fee paid as rent paid?

Please help me as soon as possible, on 31.01.2012 my HR will deduct TDS on my salary.

Dear sir, Pls guide me
Employee has 2 House Property

Intt. Repay Prin.
H.P. 1 1.25 Lacs 0.15 Lacs
HP 2 0.80 Lacs 0.20 Lacs
------------------------------------------
2.05 L 0.35 L

Que 1) While issuing form 16 what amt i should considered as LOSS FROM HP., as employee has not submitted me details of Rent received from H.P. ?

In the absence of Rent Receivable/notional rent can i show Rs. 2.05 L as loss from HP.
& Rs. 0.35 Lacs as principal repayment.

Pls explain me in detail.

Thanks:

RD