insurance company is deducting TDS from sums paid to policy holder under the above section even though the recipient is NRI and premium paid through NRE account Is the above section is applicable to such payments by insurance company? kindly let have your opinion
dear sir, in my father salary TDS was teducted in AY 2010-11, we claimed it for payment of income tax but department has raised demand for amount of TDS due to putting wrong PAN No. in form 16 .So please make me aware that what should I do?
if company not give benefit of house rent. can i take benefit in ITR.
Hi expert,This year I filled tax for the first time by my own. And made some goof up. I submitted the tax file with out making and it was Aadhar validated. Later on I made payments using axis bank online facility. While I paid tax successfully, the challan downloaded was of errors. Hence could not open it. Please let me know what to do so that I can get back the challan. Also let me know the process as how should I proceed with efileling. Thanks in advance.
Respected Sir ,
My client's Gross arrears salary is (3,12,085)
Deductions
--------------
PF (29,605)
Income Tax (10,000)
SIP (7750)
========
Net arrears Salary Received 264730
for Claiming Releif u/s 89 , Gross arrears salary Considered or net ??
Thanking You
Hi, by mistake I filled my gross salary in Income under Salary col3 in Tax details of ITR-1.. (This figure was coming by default)
But now I came to know that we should fill net income under Salaries (point 6 of our form 16).
There is a difference of 1.5 lakhs. Will there be any problem?
Dear Expert,
if one received Rs 25000 as car perks, and nothing recovered from the employee, then what is the taxable value of perks , a car which is owned by employee and he spend near about 50000 rs in a year on petrol to go to office.
is his 25000 value of perks is fully taxable ? he did not get any deduction of petrol cost he expend?
HI ,
I HAD SUBMITTED MY FORM 10E & THEN FILED MY INCOME TAX RETURN FOR THIS YEAR BUT AFTER THAT I NOTICED THAT THERE’S A SMALL MISTAKE IN MY FORM 10 E( I.e I MENTIONED TOTAL INCOME OF THIS YEAR IN THE COLUMN OF ARREARS RECIEVED IN THIS YEAR ) SO I IMMEDIATELY AFTER 1 DAY I AGAIN SUBMITTED MY FORM 10E .
NOW IAM CONFUSED WHETHER TO FILE INCOME TAX RETURN AGAIN FOR THIS YEAR AS REVISED OR THE PREVIOUSLY FILED RETURN IS SUFFICIENT?
PLEASE HELP ME THROUGH THIS .
THANK YOU IN ADVANCE
I jointly inherited a house from my father (expired ).It is vacant,no rental income but yearly expenses like Municipal tax,repair,electricity, are incurred by me.
I don't have any other house and staying in other city on rental accommodation for job.
While filing ITR ,how to consider this ,any tax impact?
Kindly guide
Regards
Pls help me to clarify the GST Rate on finished Goods on Wooden Furniture like Wooden sofa , wooden Bed , wooden wardrobe...
Some says it's 28% but on site of clear tax.in
It's mentioned ( 12% with example it's explained) so confused
tds sec 194DA