Income Tax QnA - Page No 25174

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rajinder singh

11 February 2009 at 02:25

DEDUCTION FROM SALARY

Dear Sir,

Can a person having income from pure salary and bank interest, claim tax relief or deduction except from the following:

Interest from housing loan ....Rs.150000/-
Deduction u/s 80c to 80u........Rs.115000/-(he does have any educational loan, also not benefitted from 80u )

Are there any other area where he can invest his money to save tax.

rajinder singh

11 February 2009 at 02:18

filing of return of income

dear sir,

My query is regarding filing of return of income for individual- salaried income.

suppose a person starting filing his return(i.e. his first return) from A.Y 2007-08 and onwards, can he be asked about his return for A.Y 2006-07 or past year?

Would it make any difference whether his past years income was above taxable limit or not?

CA Abhishek Singh

10 February 2009 at 23:48

disallowance of cash payment

if i have Rs. 25000 in cash on sunday for expenses, will this be allowable expenditure.

i have made cash payments to differenct persons on a single day exceeding 20000 in aggregate but not individual

will this be allowed as expenditure.

CA Abhishek Singh

10 February 2009 at 23:39

it & sm

i am going to give pcc exam this november
i am comfortable with other subjects except for Infor. tech & sm.
i feel boring studying them
yet i have not started it. i want to clear both groupt at once. please help me out? i am confused about how to study this subject.

thanking you.

CA MOHIT VAATS

10 February 2009 at 22:34

Time Period between Invoice Generation & Actual Removal

Hello,

Plz explain with supporting notification number or case law,what is the time gap between invoice & actual removal...Plz keep in mind that excisable invoice reflect the time of rasing the same...