Dear Sir,
I am salaried person. I have a post office interest income of rs
36000/- in A.Y. 2010-11. This account is in joint holding with my wife
and she is also income tax payee. Can we take intereste income 50 +
50 by both or single by first holder only
Dear Sir
Please tell me if TDS as per form 26AS and actual deduction not matched than what is the procedure to match it?
Further can i show/get details of TDS with the help of TAN no of deducter? if yes how?
Pleae let me know.
Waiting for your reply.
Thanks in advance......
I purchased a agricultural land in urban area but haven't used that land for any purpose.
Now if i sell this land and purchase another agricultural land in urban area, will the capital gain arising to me be exempt from tax.
Will i need to prove agricultural use, if yes then How?
I had invested some pocket money in company fixed deposit . At the time of redemption, even after submitting form 15G , TDS got deducted by the company.
As my annual income is not huge ( very less than one lakh 60 thousand annual ), so filing IT return is not compulsory for me.
Can I hold those TDS certificates until I become CA myself or is there any time limit to claim REFUND ?
Just like a cheque expires after six months from writing it , is there any expiry date for TDS certificates ?
I am a Govt employee,I filed the return of income for AY 2009-10 with tax payable of Rs.6185 and TDS as per Form 16 issued by Railways was Rs.6798.
So there was a refund of Rs.613
Now i received a intimation U/s 143 (1)on 3 feb 2011 stating TDS as Rs.4635 and demand of Rs. 1550.
But my TDS deducted as per form 16 is 6798.
What should i do in this case?
Mr x having income from salary only.
Mother(housewife ie doesn't have any source of income) of x is registered owner of residential house now x want to take a house loan from notified institutions and banks for construction of second floor.
i want to know
a) is x is eligible for loan whether personely or as co-applicant.
b) can he claim deduction u/s 80 C as he will paid amount of loan.
c) can mother of x claim deduction u\s 24(b)
in my intimation disallow depreciation expenditure and occur tax liability of Rs. 1340/-
what action take against this ?
kya rectification apply karne se pahle demand liability ka payment karna hoga in case date of order is 23.02.2011 and intimation receipt on 16.03.2011 .
if yes to kab tak payment karna hoga.
please suggest procedure to take action .
Since we are in 2nd last week of end of FY 2010-11, I need to invest on urgent basis in Infrastructure Bonds u/s 80ccf to save my tax to the extent of 4000/-.Kindly help me out in this respect, Please give me contact no where I Can get help & Complete formalaities of Investment.
Sir,
The land was in my name now and i received it through my grandmother after her death.
Now we are planning to construct the commercial complex in that land.
Is it possible to transfer the property to my brother as gift without showing it as Capital Asset Transfer, and he will take loan from the bank and start construction,
All this is to save the tax of my brother (only salary income) who was paying tax of 30000 yearly.
I was not earning at present as i was studying.
and guide me the procedure to be followed if there is any other alternatives,
is the loan amt with interest can be claimed under House property in my brothers Return?
if so what is the limit.
regards,
hi,
I want to know what was the procedure if the Quarterly TDS challans numbers was not available with the employer and without that Details, i filed the return last jun'10 for Ay 10-11 and the Income Tax people told the return was invalid without that TDS Challan numbers and not accepted though i gave them the TDS Certificate. Now what to do from my side.
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Income tax Query