hi, i am an ipcc student. i wanted to ask a personal i-tax query as i still don't have much tax knowledge. my father owns a house in one city from about 30 years. we want to shift to another city by buying a flat and selling the present house. to gain deduction under capital gains , the existing house has to be sold within 1 year of purchase of the flat.. my query is which date is considered as the date of purchase of the flat?? the date on which the down payment is paid and the agreement is signed or the date of registration..?? we want more time to sell the present house.. plz advise the best possible way to save tax...

i have received a demand notice of arrear of tax under section 143(1) from income tax deparmentfor the year 2004-05.
The tax which they Demand as arrear is Rs 15324/- but i had deposited only Rs 320 in 2004-05 plz guide me what to do...

- OURS IS A PRIVATE LTD CONSULTING COY
- WE HAVE REGISTRATION & ENROLMENT UNDER THE PROFESSIONAL TAX ACT.
- WE HAVE 2 DIRECTORS & 5 EMPLOYEES.

- COULD SOME ONE ADVICE ON THE FOLLOWING.

-IS THE ENROLLMENT & REGISTRATION FEES PAYABLE EVERY YEAR?

- IS A NRI DIRECTOR ON THE BOARD WHO DOES NOT GET ANY REMUNERATION LIABLE FOR THE PROFESSIONAL TAX.

- WHAT IS THE TOTAL TAX LIABILITY ? (ALL WILL BE COVERED UNDER THE MAXIMUM SLAB OF rS 2500 P.A)

- WHAT IS THE RETURN TO BE FILED & BY WHEN.
tHANKS.

This year i have opted for efilling but during registration i encountered error tha my first name and last name don not match with records. Although i entered the name as per application form but still it did not accept. Is there any way through which i can check the name entered in PAN

Dear Sir /Madam,

I am a salaried employee. if i am paying Rs. 1,00,000 /- per year from my income for Agricultural operations. so, how will get an exemption from this ???
And which sec. is for that ???

Please reply me ..........

Hi

I am Seniors Citizen of 63 years

Can I submit Form 15H in the Bank for Non Deduction of TDS on Interest on FD if

1) I have paid tax in the previous year i.e. FY-2010-12 (AY 2011-12)

2) I am not certain if in this year I will be required to pay Tax

3) What if I submit Form 15H & then at the end of the year my income will be taxable

Kindly help

i had e-filed the return for A.Y.2011-12 within due date but i forrgot to show my refund amount in return now i want rewise it can i do? if yes than than what is lasr date for evised and how i revice(procedure for revise return )pls reply its urgent.............thanks in advance

Sir/Madam,
One of our client's ITR filed for AY 2010-11 &2011-12. He received the refund amount for the AY 2011-12,but not AY2010-11. For the AY 2010-11 his bank a/c was given wrongly, what will do to clear this error? pls pls reply urgently.

Hi All,

I am working as an accountant in NGO. i had collegue working with me who joined in june and his contract got terminated on last day of Feb.he was earning 35,000 of salary. he used to got 34656 salary tds was 344.this was as per his statement.But when i read it the total tax paid by him his 4305 as per tax computation of his statement. I have already paid his tax. Is this correct ? If not what should I do ?

Also let me know what is next to be done after payment of TDS Challan ? How to isssue him tDS certificate ?

Dear Sir,

My question is,i'm an elmployee can i claim house rent allowance & home loan.


if you suggest me, it's great help for me....