amendments in Rule 12 of the Income-tax Act would now mean that if an individual is having exempted income in excess of Rs. 5,000, in that situation such individual will not be able to file the Income-tax Return SAHAJ (ITR 1). For example let us say a salaried employee has got income from salary income and some bank interest income. But if he has got dividend income of Rs. 10,000, in that situation he will not be able to file the Income-tax Return in Form SAHAJ (ITR1) because the new amendment specifically mentions that the Return Form SAHAJ cannot be used by an individual having income not chargeable to tax exceeding Rs. 5,000. Such persons have to file the Return in Form No. 2. Similarly an individual or a Hindu Undivided Family carrying on business having turnover less than Rs. 1 crore and normally required to file the Return in Form SUGAM (ITR4S) will not be able to file the Return in the said SUGAM Form for the AY 2013-14 if he were to have exempted income say like dividend,..............IS IT TRUE INTERPRETATION?

Dear Sir,

For filing Income Tax Return, i downloaded ITR-1 from the website incometaxindiaefiling.gov.in, however on opening the excel sheet it gives an error" Compile error in hidden module:Module 3" thus preventing data validation.

Want to know, whether there is any other way /any other site from which ITR1/ITR2 returns can be downloaded which is error free.

Thanks
Viswanathan R

Dear Experts,

Could you please help me for the following Quarries regards NSC:

1.How to calculate accrued interest on NSC VIII issue, Issued on or after 1.4.2012?
2. If NSC is issued on Middle of the particular month, Do we need to calculate for days Wise?


Regards,
Bhargavi.T

Dear sir,
During last financial year I bought many lots of scrap from north western railway n accordingly 1% TCS had been deducted bt I did not found any credit of TCS on 26 AS. N I did not get any TCS certificates 27D.
I would like to know that what could b the reason that it is not showing credit n how can I get my certificates whether it will b generated online if yes then how n if no then should I have to get those from nwr manually...

Dear Experts

If I am unhappy with the way my CS practical training is being conducted, can I take a NOC from the company and sit at home looking out for another opportunity or NOC can be obtained only once we find another job and need to transfer to the new company.

Please reply

Thanks

A limited Company sold some assets during the year. and claiming Depreciation on the opening WDV.i.e. without deducting the sale value of assets sold.

is this right?

hi sir, what is the defination of leave encashment and what basis it is taxable sir ?

We have filed TDS correction statemen in april month. but it is still not processed. What should us do?. We have also sent mail at mail I'd provided at trace. There is no response received . Our client is getting reminders from deductee whose data corrected in statement. Pl guide.

i am ca final student since 2006. i failed 12 times in ca final . i have lost all my hopes of becoming ca. i am jobless and penniless. i am married . i am 36 year old. what should i do. i am in search of job.but i am unable to find job. should i commit suicide. i can not imagine life without ca.
will you help me.please guide me . i am totally depress.

Dear Sirs,
one of my client dealing with AC ducting business, the situation is:
He purchase the readymade ducting from his client and add:
Some Steel sheets
Glass Sheet
Nut and bolt & Labor
for all this he take a fixed amount including all this, So please suggest me
how service tax will be charge and is any abatement is available for him?
thanks in advance