hi,

am a taxpayer, can i invest my income after tax in my wife name she is house wife having PAN . If yes what is the maximum amount can be invested. Is their any specific way of investing.

Dear Sir/Madam

I WANT TO KNOW THAT WE SHOULD DEDUCT THE TDS ON CONVEYANCE (IT COMES INTO TRANSPORTER OR NOT) AND HOW MUCH TDS WE SHOULD DEDUCTS.

Hi, I hv filed the ROI for AY 2009-10 but have not recd the refund till now. What should i do? Plz suggest way to get it the earliest.

My wife recd a gift from her father for Rs. 10,00,000.00 , Both are I.T. assesse,the above amount was transfer from bank accounts ,since the above is tax exempted , what are the documents that i have to produce to the I.T. dept. if asked for

Dear Sir,

I have a query related to filing an income tax return for an assessee having a Income from giving Tuition to Students.

1) have to show this income under head income from other sources

2) Use ITR FORM 2

3) Did have to issue a receipt vch with Re1 for cash receiving above Rs.1000.00 and without stamp for cheque.

4) Maintain all these receipts or the bank Pass book is enough showing the entry of amount received.

5) While submitting the return what type of documentation required.

Please give me a details information.

Regards,

Ajay

Wht is the taxability of stipend earned as income /??
Stipend earned by articles are taxable ??
if yes or not., under which provisions..?

In the tax paid time the assesee fill the wrong tan no after three months he got the mistuch now how to rectyfy the TAN

Hello All


Request a response for my query.

A nationalised bank fails to deduct tds on salary of an employee, for a particular financial year. They have neither deducted from the employee, nor remitted it to the government. IN the next financial year, they realise their error.


1. Can they deduct from the employee and remit it with interest to the govt, now?

2.How do they account for the entry, in their books?

3.How will they issue form 16? can it include the TDS deducted now?

4.Will this be an issue , when it comes to their statutory audit?


Appreciate all response.

Thank you

while paying TDS online, by mistake I selected assessment year 2011-12 instead of assessmen year 2010-11.

what is the procedure for correct the same?

My sister was working in a school till 2006..
for which Profession tax (PT)was deducted

then she left her school and joined some yoga course for 2 years or so..for this period, no Profession tax was paid..and during such time ,She was only earning interest income and her income tax returns were filed regularly which showed only interest income

Now in the year Jan 2009,she started getting professional fees..so we decided to pay up PT now in the year April 2010

the one who manages PT told us that you have to Pay it from 2006 onwards..

when i got all the proof and documents of her whole working and non- working history,i was told that they will not consider all these documentation which includes income tax returns and computation s,salary certificates(when working only) for all the years..

i was advised that since she did not intimate to the department that she is no more working,they will consider her as working so u have to pay up

the fact is she is getting registered for the first time now and before her school used to deduct it..why does she become liable for paying up PT when she has not worked at all..

Please advice me as to whether i should be paying such a huge amt which will be more than 10000..

Regards
Alka Adatia
Chartered Accountant