Hello, I have a query reg. a 5-yr Fixed Deposit made by me recently (i.e. in July 2010). I have invested Rs.50,000/= in a 5-year Fixed Deposit with a Tamilnadu State Govt. enterprise. Will this investment qualify for income exemption under Sec 80C for the current Financial Year i.e. for A/Y 2011-12 ? Thanks & regards, -Raju Chacko

Hi Gaurav,

This is small question from my side…Please Help.

1) Question: I have one joint property with my brother. I am co-owner. I am claiming that as self occupied property and claiming interest in income tax return
2) I am planning to buy another property with my husband. I would like to be joint owner in that property with my husband. But he would be paying 90% of the installment and 10% by me. He wants to be nominee..but I have question if I will be nominee ….is his mother and father would also get the share after the death of owner. OR should I will be joint owner and will be nominee …..Please suggest. What be tax liability of second house.

Dear Experts,
I have invested some money in Partnership Firm,the income i am receiving by way of interest is less than exemption limit Rs 160000. TDS is been deducted on the interest. Can i give 15G form to the firm and ask them not to deduct TDS...??

I heard 15G is applicable only to banks.

Sir,

While making E-payment of TDS suppose if there is a mistake while selecting assessment year or if the section no. is wrongly selected (Ex: Instead of selecting A.Y.10-11, if A.Y.09-10 is selected by mistake or instead of 94C, if 94D is selected) can it be rectified later?

If so, What is the Procedure? Kindly clarify urgently.

Regards,
Vinayak

Hi,

Good Morning,

This is Santoshkumar,Pvt company employee.

I would like know about investment in 80C Deduction for 3 years plan,

I have already invested money in ELSS for last years,but Bank had deducted as service tax,policy charges it totally not working for any people.and market rate also very low,

I want to investment money where not more than 3years plan,where there no dedcution happens

kindly help me out

Dear Sir,

i am salaried employee, and having capital loss during the period 2009-10.

which form is submitted for IT Returns

For Insurance Commision- while filling ITR IV what should i write in the areas mentioned for Balance sheet and Profit and loss account columns in ITR IV

if i havent mainitained the books of accounts which is not required for me as the income does not exceed prescribed limit

Hi All

Can any one suggest me that Whether the requiremnt of PAN number is mandatory or Deduction of TDS & at the time of filling of TDS Return.

Dear Sir
If we have deducted TDS from party for I Qtr. for f.y 2010-2011 but tds not depoisted by us till date & neither TDS Return file by us for Ist Qtr f y 2010-2011) can we file return now & deposit of tax. please guide.

C S PUNDIR

Dear Sir
I Want to know what is the penlty charges on TDS if we have deducted TDS from party but not deposited within due date, is F.y 2009-10 & F y 2010-2011 is penlty charges is same or different. plese guide


Thanks


Chaman Pundir