Rahul
This Query has 1 replies

This Query has 1 replies

Hi,
I have filed a return in which the employee had not given House rent paid details to the company. So while calculating TDS the company has not adjusted HRA exemption. Therefore it is not coming in orm 16 as well.
I got an advice that as far as salary is concerned Form 16 details can not be altered. So I filed the return yesterday acccording to the form 16 without claiming HRA exemption.
Today I got another advice that eventhough the exemtion for HRA is not calculated by the company we can deduct the allowable amount while filing return.
Kindly advice me on the following points.
1) Can I deduct HRA allowance in the ITR 1 eventhough it was not deducted in Form 16?
2) As in ITR 1 there is no option to show HRA exemption specifically can I simply deduct it from total salary income given by the company as per Form 16 and show the salry after adjustment of HRA excemtion in income from salary column?
3) As I have already filed the return yesterday can I file a revised return today? If I file the reviced return should the employee should send both the acknowledgement to the income tax dept.or only the revised return?
Kindly advice
Note : I am doing online filing



Anonymous
This Query has 4 replies

This Query has 4 replies

30 July 2012 at 17:30

Employer not providing form 16

Dear All,

My Employer is not providing Form 16 for AY 2012-13. Also Form 26AS is not showing any credit under TDS. My Taxable Income is 290000/-.
What should I do.

Thanks and Regards

Dheeraj Bhai Audichya



Anonymous
This Query has 3 replies

This Query has 3 replies

30 July 2012 at 15:55

Itr

I forgot to mention bank account no. while filing ITR. There was refund. What will be the impact of this and what to do now?


Sanjeev
This Query has 3 replies

This Query has 3 replies

29 July 2012 at 14:59

Filing itr2

I had purchased a builder floor (first residential property) in Delhi in November 2009, as per the details below:
A. Consideration amount: Rs. 04,10,000/-
B. Registry charges: Rs. 16,400/-
C. Brokerage: 13100

I sold the same property in March 2012, details are as under:
A. House Tax paid for two years: Rs. 1,000/-
B. Consideration amount: Rs. 06,40,000/-
C. Brokerage: Rs. 19,300/-

In March 2012 (same month), I purchased a builder floor (residential property) in Delhi, as per the details below:
A. Consideration amount: Rs. 08,85,000/-
B. Registry charges: Rs. 35,400/-
Brokerage: 47200

Please tell me:
1. What and what type of gain on the above transaction?
1. If the gain is taxable or what?
2. I am a salaried female, Indian. How I file income tax return for AY 2012-13 in respect of the above gain?
3. If possible, please send me exact entries column-wise to be entered in ITR form, as per the figures mentioned above on my e-mail address kerrycherry@rediffmail.com

Thanks


R.DUTTA
This Query has 2 replies

This Query has 2 replies

28 July 2012 at 16:07

It return

Dear experts,
I am getting a problem when tried to filed e return and the same are as below:
1. Filled all the data
2. Validate the same
3. Calculate the tax
4. XML Generate.
The messages are appearing as below:
TO COMPUTE TAX AND INTEREST USING THIS FACILITIES YOU MUST CLICK ON COMPUTE TAX BOTTOM AND VERIFYING THE FIGURES BEFORE SAVING THE XML.
But I am sorry to say that I am not getting Compute tax bottom.
Hence I request you kindly guide me how to file the return.
Thanks and regards,
rd


CA RAHUL SHARMA
This Query has 2 replies

This Query has 2 replies

28 July 2012 at 10:18

Carry forward losses

Hello :
I filed return having short term capital loss by due date of 7000 for A.Y.10-11.
In A.Y.2011 - 12, I further incurred losses of 50000 of short term capital losses, for which I filed return by due date. But while filing I failed to Fill column of Brought Forward Losses of Last Year in return filing form.
But now in Curent Assement Year 2012 - 13, I further incurred Losses of 25000 as short term capital losses. Now I want to file return showing Brought Losses of Past Year in Return Form.
My Question is can I claim Losses of A.Y. 10 -11 while filing current year return though I forget to show in Return of A.Y. 10-11.
My view is that Yes I can claim, since for the Losses I have filed the return by due date.
Please suggest ur opinion.



Anonymous
This Query has 3 replies

This Query has 3 replies

27 July 2012 at 21:43

Query regarding type of itr form

please answer urgently..

An individual earning income (Approx Rs.99000) by way of Commission form LIC & this is the only source of his income. his is required to file ITR to get back his TDS. Please specify which return he is required to file with tax dept. In case the ans. is ITR 4 then is it a business income or income from a profession & whether attachment of P&L A/C & Balance sheet is required or not with the itr?

Please give advises..
thanks in advance to all experts


PR.Santhosh
This Query has 4 replies

This Query has 4 replies

27 July 2012 at 16:22

Tds

Sir

The TDS for the AY 2012-13 is not yet paid by my employer eventhough the same has been deducted.

Shall I claim credit for the same from my tax while filing the return. Please advice.

Thanks

SANTHOSH


Archana Das
This Query has 1 replies

This Query has 1 replies

26 July 2012 at 19:26

Dlop provisions

dear all,
i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav??
reply asap
thank u


Kapil Tiwari
This Query has 8 replies

This Query has 8 replies

I have the following income during the financial year April 2011 - March 2012:

1. Income from Salary
2. Income from other sources ( Bank Inerest)
3. Long Term Capital Loss on Sale of Equity Shares & Units of Equity Mutual Fund Schemes on which Security Transaction Tax has been paid. ( The Loss is about Rs 6000/-.)
4. Tax Exempt Interest of about Rs 1,50,000/- on Public Provident Fund (PPF)

Please advise which ITR Form should i use to file my return.





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