Our taxable income was Rs.17,72,150/- and Tax comes to Rs.402,039/- and we paid advance tax 115,000/- and TDS deducted Rs.563,740/-.
Income Tax department has deducted interest U/s234C. Please explain.
A Company has paid Deposit for taking a land on rent.The Company could no longer pay the rent and so it had to vacate the land and the landlord subsequently seized part of the deposit for arrears of rent and part advance rent for 6 months as per the penalty clause of the agreement . Will the Company get a deduction for Rent in arrears and advance as the former has not deducted TDS on the deposit?
SIGHN OF CA REQUIRED ON IT RETURN?
Dear Experts,
Can an Indian Citizen bequeth his property (Movable & Immovable) infavour of a foreign National. If so please give us the concerned Act and Section reference
Thanks in advance
what is the limit on Edducation Allowances?
He can also claim U/s. 80C?
If medical allowances giving by employer can he claim u/s 80D? up to wht extent?
Hi
Dear all can i get any rebate or benifit under any section if i take interest free loan from employer. if no tell me the treatment in return its includ in my gross salary/other income or any other field & its taxble give me calculation for that (loan amt 100000 dt. 10-4-09)
lot's of thanks
nilesh
nilesh_sagvekar@balaji.co.in
Can anybody tell me regarding this situation.
My brother is working in a MNC IT Company drawing 50,000/month.He was purchased one flat in a apartment which is situated in Hyderabad for Rs38,00,000 and repairs and Modalisation cost was 4,00,000 in addition.Total 42,00,000.
He was taken loan of Rs 29,00,000 from LIC and Other sum from his personal.
Can any deductions are available to him from his total income?
Please reply.
Thanking you,
Srinadh
One of my friend is working with Govt.corporation. his gross income for A.Y. 2009-10 is below Rs.1.5 Lac. And as such his office not issued Form No.16.
His minor son is being enrolled as private finance consultant & total commission paid to minor by a institute is Rs.3.98 lacs & T.D.S. of Rs. 40235/-
kindly guide in the matter for filing I.T. return of parent.
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