A flat is sold @ rs 48 L, but registered for 32L which is the ready reckoner value by purchaser. Rest is given by cash, which is deposited in bank. Will seller be responsible for creation of black money or non payment of tax

Hi there.

First of all..Just FYI.., I have ZERO knowledge on Tax/ Investment/eFilling. Thats y i need your help.

Recently on June 4th, 2015, I have joined a new company.

Here my annual salary is - 750000
Monthly Gross- 54313

Company is asking me to fill up investment declaration form.

I have only one investment i.e. LIC - Annual premium is - 13k

In my last company - my annual salary was 5.5. I havent done anything like that over there. i mean investment decartion.

Please answer my following queries -

1. What should i mention in the investment declaration form? I guess this is all to save income tax...right ?

as i said i have only LIC...So what should i do to save my tax.

2. Do i need any form/document from my previous company? 12c/80c????

3. Do i need file income tax return? how can i do that? And why is that needed ?

Please help on all these queries.

Thanks in advance.

IF ANYONE RECEIVED RENT FOR THE FULL YEAR IN LUMPSUM AND RENT RECEIVED EXCEEDING 180000.THEN WHICH AMOUNT IS TAKEN INTO CONSIDERATION UNDER INCOME FROM HOUSE PROPERTY.IS THIS IS RENT LESS TDS OR NOT?

Dear Expert/s,

One of my client is having income from share market transaction as well as professional income. Sir, my question is what to do to know that particular share is held for short term or long term as the share market account contains almost 500 entries. Any short cut available? & each & every transaction should be filled while filling ITR?? Please help me on this topic.
Thanks in advance.

Dear All Expert,

Pls any one can tell me the assessment time limit of Vat, CST, Income Tax etc. i.e all type of return assessment.

Also provide guidance link.

When TDS is applicable on selling or purchasing Jwellaries?

Dear Sir,

I have paid all TDS payment for the month of April,15 through BOB but the challan appeared AY-15-16 instead of AY 16-17.
so can anybody let me know what is the process of revise payment of TDS & Form?

One of my provides consultancy services.
I need service tax calculations for f.yr-14-15... please suggest...

April 14-Jan 15 Rs. 7,00,000 gross receipts.
Feb-15 Rs.1,00,000 gross receipts
Mar-15 he earned rs. 3,75,000..

Totally he earned Rs. 11,75,000/-....

He has not charged service tax on bills till feb-15 since he thought he gross receipts wouldnt cross Rs.10 lakhs for the year...


please suggest the calculations.... on first 8 lakhs should file returns based on includise calculations or should it be ignored and please suggest tax implications on Rs. 3,75,000/-

Dear Sir,

I would like to know that if, someone had just completed his service of one year & after that he had changed the organisation & after that he receives certain amount of money from Provident Fund account, than such sum is taxable or tax free??

As I had doubt that it will remain tax free only after completion of 3 years.

& also suggest whether am I right or not as the sum received under PF will be included in Income from other sources, if it is taxable.

Sir,
I am private employees and last 3 years Tds is deducted from my salary.But Last month I open my PPF account and thats why i want to close my TDS deduction.
How it will possible.Please suggest me as early as possible.please...

Regards
Rahul