Yash Dave
This Query has 1 replies

This Query has 1 replies

27 June 2012 at 20:43

Profession or business

I AM RECIEVING FACILITATION FEES FROM RMP INFOTECH PVT LTD FOR WHICH THEY ARE DEDCUTING TDS AND GIVING ME 16 A FORM MY QUESTION IS WHETHER MY ABOVE INCOME WILL BE TREATED UNDER PROFESSION OR BUSINESS PLEASE EXPLAIN



Anonymous
This Query has 3 replies

This Query has 3 replies

27 June 2012 at 17:20

Who have to pay?

I have 3 questions:-
1. How to calculate tax on arrears of family pension recd to death employee's spouse in lumsum. Is sec.57 deduction also available on it?
2. A house in the name of assesse has died and his son do rental agreement with tenent of that house and tenent directly deposit rent in son's bank a/c(but this was not written in rental agreement), then this rental income will be include in son's income or his widow mother income?
3. If after death of his father, his son gets interest (directly deposit at his bank a/c) on loan paid by father without any agreements and/or proof etc. to someone then this income of interest will be take as son's income bcz his bank statement showing Or his Widow mother's income.
IN MY OPINION AS PER LAW AFTER DEATH OF FATHER HIS SPOUSE IS THE FIRST OWNER And THEN AFTER HIS SON, SO ALL ABOVE INCOME TO BE TREATED AS MOTHER'S INCOME AND SHE WILL LIABLE FOR TAX, NOT HIS SON AND DIRECT DEPOSITE IN SON'S BANK A/C SHOULD IGNORE.
Am I right or not?? Also explain tax treatement.
Thank You.


jaigurudev
This Query has 1 replies

This Query has 1 replies

23 June 2012 at 23:04

Wrong incometax payment

dear sir,i have paid incometax for asscessment year 2012-2013 wrongly under head regular asscessment[400] ihave to pay this amount under self asscessment head[300]how to rectify this error?please advice me.i have made this payment online 15 days before.
with thanks


ashish alagh
This Query has 4 replies

This Query has 4 replies

22 June 2012 at 20:57

Tds erroneously paid in excess

Can an assessee adjust TDS erroneously tendered in excess in one year,across different year ?


Yash Dave
This Query has 1 replies

This Query has 1 replies

22 June 2012 at 12:04

Refund

i have efiled ay-2011-12 online return and send ack to banglore i have claimed rs 185000/- refund i just recvd the refund but only 181000 lesser than i claim in the return i have checked 26as it is ok and other calculation i have not recvd any intimation letter from cpc how they calculated the refund was directly credited to my saving ac/c now how to claim additional 4000/- refund please explain in details



Anonymous
This Query has 1 replies

This Query has 1 replies

22 June 2012 at 11:59

Income tax

hi,
I am salaried person; I had left A org. in march 2011 and joint B org. in same month.
Now i got form 16 from both org for FY 2011-12, as my X employer had credited my salary of month March 2011 in April 2011 to my account and also deducted prof. tax for the month. Same way my current employer has also credited by salary for the month April in same month for that he deduced prof. tax. Now i have paid prof. tax two times in same month.

Now i am going to file return, please tell me is it possible to get the prof. tax return as any way i have to pay the excess tax on salary what my x employer had credited to my account.


Yash Dave
This Query has 1 replies

This Query has 1 replies

21 June 2012 at 20:42

Ppf decution u/s 80c in huf

HUF KARTA OF THE FAMILY HAVE MADE PAYEMENT OF PPF FROM HIS HUF SAVING A/C THE PPF A/C IS IN HIS WIFE NAME MY QUESTION AS UNDER

1. WHILE FILING INCOME TAX RETURN FOR FIN YEAR 2011-2012 WHO CAN TAKE DECUCTION U/S 80 C OF PPF CONTRIBUTION WIFE OR HUF PLEASE EXPLAIN IN DETAILS

2. I HAVE ALSO HEARED THAT NOW HUF WILL NOT GET DEDUCTION IN 80C OF PPF CONTRBUTION IS IT TRUE EXPLAIN IN DEATILS


Yash Dave
This Query has 1 replies

This Query has 1 replies

21 June 2012 at 20:28

Refund

i have efiled ay-2011-12 online return and send ack to banglore i have claimed rs 185000/- refund i just recvd the refund but only 181000 lesser than i claim in the return i have checked 26as it is ok and other calculation i have not recvd any intimation letter from cpc how they calculated the refund was directly credited to my saving ac/c now how to claim additional 4000/- refund please explain in details


Yash Dave
This Query has 1 replies

This Query has 1 replies

19 June 2012 at 12:29

Refund

i have efiled ay-2011-12 online return and send ack to banglore i have claimed rs 185000/- refund i just recvd the refund but only 181000 lesser than i claim in the return i have checked 26as it is ok and other calculation i have not recvd any intimation letter from cpc the refund was directly credited to my saving ac/c now how to claim additional 4000/- refund please explain in details


mayil vakanam t m
This Query has 2 replies

This Query has 2 replies

18 June 2012 at 21:59

Capital gains exemption

i am owning a flat at chennai jointly with my wife .Before buying this i bought residential house at trichy .since i settled at chennai i am planning to dispose off the house at trichy and buy a residential house at chennai for an amount = to sale proceds of trichy house. In this should i pay capital gains tax .pl clarify thanks a lot






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