Anonymous

Query

Please tell me that when we calculate leave in CA articleship training, Sunday and other holidays count in leave.
And if i take leave Friday to tuesday then leave calculate 4 days or 5 days.


Piyush. M. Ailsinghani
26 July 2013 at 23:43

Loss on shares

Hii
My Uncle is a retired employee and receiving pension from bank. He had invested in shares and incurred loss during the previous financial year 12-13. So can he claim this loss in his return. How to show it and which ITR to be filled???



Anonymous
26 July 2013 at 23:43

Tax audit late filing

my sir had filed audit that had turnover below 10000000 for finacial year 2011-12 in jan 2013, and also filed return

he had paid no penalty....

how can this be possible



Anonymous
26 July 2013 at 23:42

Deduction u/s 24b

kindly tell , what if in case , if an property is under stay order and the ownership of property is disputed and the assessee not even under possession of that property , then what should be done regarding deduction u/s 24b ( interest component ) ,if assesse has borrowed housing loan ???? kindly help plz !!!



Anonymous

Hi frnds,
I am stucked with the correct form to choose as I have got rs. 30000/- towards medical reimbursement from my employer out of which rs. 15000 will be exempt. In such a case which form is to be used ITR1 OR ITR2 as from AY 2013-14 ITR 2 is to be used if u have exempt income above Rs. 5000. Is perquisite of such nature an exempt income for ITR2?



Anonymous
26 July 2013 at 22:50

Refund of sad

Hello, I am a final student,while checking documents necessary to claim refund of SAD i find that certain amount which reflected in invoice as vat was mistakenly taken as cst in green document( i am not sure what it is called) but as far as i know refund of sad is claimed when importer after importing goods subsequently sells the good after paying cst or vat. NOW i want to know if proper changes are not made with in that green document what will be consequence as refund will be availed irrespective of fact whether its cst or vat...


Niraj

I have carry forward Loss from Speculation Business for FY 2011-12, Now in FY 2012-13 I don't have any speculation Income or Loss, to carry forward same loss to FY 2013-14, which ITR should I have to fill (ITR2 or ITR4)?

If I fill ITR2 form, can I carry forward such Sepculation Losses of FY 2011-12 to FY 2013-14 as there is no column given in ITR2 form for carry forward loss from speculation business.

Please reply as soon as possible.


sunita
26 July 2013 at 22:17

Pension exemption related query

I am an Ex Serviceman and drawing pension.
Pl intimate whether defence pension is exempted from IT. i m getting basic pus disability pension. so is disability pension exempted from income tax . and if yes under which section ?

I am now a pvt company employee also. My present salary is taxable but should I include my pension (Full/commuted) with my present salary for taxation ?

Please guide how to calculate my tax.


Jignesh Desai
26 July 2013 at 22:04

Mistake in calculation of ltcg

My client made mistake in Calculation of Long Term Capital Gain on Mutual Fund while filing his Income Tax Return for A.Y. 2011-12 . He had a Long Term Capital Gain of Rs. 17,158 on Debt-Oriented Mutual Fund (M.I.P.) which he showed as LTCG on Equity-Oriented Mutual Fund . The amount of Rs. 17,158 was taken as Exempt Income in his Return. However , actually LTCG on Debt-Oriented M.F. is taxable @ 10% without Indexation & 20% with Indexation . After applying Cost-Inflation Index Formula , the Profit of 17,158 actually becomes Loss of Rs. 3,57,842 .Two Years have past since he filed that Return .
My Question is that is there any way ,now, by which he can be able to carry forward that Loss of Rs. 3,57,842 (For e.g. , by filing a Revised Return for AY 11-12 now)?


sunita


there are many query related pension :-

1) Which ITR Form should be used while filing Income Tax Return for showing Pension Income. and salary income.

2) if a person is ex serviceman and getting pension amt to 130000 p.a. so in which column pension amt should be filled.

3)in which column housing loan interest should be filled.





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