Hi Expert,

I have lost my TDS software data due to hard disk crash and i have lost the data for all three quarter (financial year 2012-13.

I do not have any back up.

Now i need to revise the TDS return for three quarter.
could you please let me know how to get the data from income tax department?

This is Vijay Kumar M from Hyderabad. I am a salaried employee and do not have any other source of income. I do not have a form 16 from my employer yet, however I have the details of salary credited and TDS deducted by the Employer. On the ITR-1 form I have observed that maximum exemption for Rent calculated is 24,000, where as it should be more in my case.

Here are my salary details.

Basic Salary 20000

HRA 10000

Rent paid 8000 per month so what would be my rent exemption? I did not understand how & where to report it. I have seen a few blogs from experts suggesting to deduct rent exemption from income and report on ITR-1.

On ITR-1 form if I deduct my rent exemption from total income, should I mention the same amount in both the below mentioned fields or do they differ?

Income from Salary / Pension (Ensure to fill Sch TDS1)

Income chargeable under the head Salaries (4)*

Also if I deduct my rent exemption from total income, should I again mention rent paid against 80GG, will it not create duplication?




Please help me...


Thanks in advance,

Vijay M

I had an FD with a bank for 3 years. On initial deposit the amount was 90,000 and there was no liability of TDS on the same. Now in the 3rd year, the interest amount crossed 10,000 the liability of TDS was attracted. But since the bank did not have my pan no, so the tds was deducted @20% instead of 10. On contacting the bank, i was made aware of all this and the bank even refused to issue any tds certificate to me as my pan was not available..
Is there any way I can claim deduction of this TDS?

Sir,IS TDS applicable if I take NRI property on rent,the payment would release by two cheques,one in favour of NRI and another in the name of an Indian.

Pls. advise.

Dear experts,

I need resolutions for following matters:

1)Authority to renew Leave & Licence agreement with the MD of the Co. for use of building owned by him for office purpose
2) To consider and approve political contribution of 5 lacs to a political party as per section 293A of Companies Act 1956.
3)perusal and approval of register of contracts as per section 301 of the companies Act 1956.
4)any other business:
i) To increase remmuneration of MD from 2 lacs to 4 lacs
ii) To constitute a committee to look after issue relating to restructuring of the Co.
iii) To fix date of next BM to consider and approve annual Audited Financial results and accounts

Do the needful asap,

Thanks

regards

Tanveer Ahuja

I am in bcom final year(regular).Practically my classes will be till 31st march, after that i will only be needed to give my exams. But officially my clg will end on 28th april.
But i want to start my CA articleship as soon as possible before 30th april as i want to give my final nov,2015.
Is it possible??... nd what is the procedure??

A land is purchased by a company in the rural area and is sold within same financial year. is capital gain applicable? If applicable what are the ways to avail exemption or reduce tax liability......

Dear Professional Friends,

What is the criteria for applying FCA status? Can CA in full time job since last 5 year apply for FCA status?

Sir, i have purchase open plot. and i have taken loan for home. can i take interest deduction in house property. once thing note down. construction not started yet.

I have filed my return online within due date. There is an amount of Rs. 89000/- as a relief u/s 89(1). When CPC assessed my return, they do not consider the relief.Hence, a hefty amount of tax to be paid be me. I contacted CPC over phone, they confirmed that the mistake has been corrected at their end. But no confirmation in black-white I have not yet receive. What to do. Please help me. Regards.