Hello/ madam, fro itr filing

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Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 if tds not deducted on provident fund then what are the documents required for itr filing and when will be the last due date for itr filing p.y 013-14,

thank

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 it seems you have changed jobs and took premature withdrawal of funds.

even if tds is not deducted, then you need to pay the tax on the same on your own. you need to file the return by 31 July 2014.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 sir please can i know, for what are the documents required for itr return

thank sir ,

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 hello sir

in employee stock option (esops),fair market valuation is required for each year,or its not required.

thank you,

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 well, for efiling, no documents are filed with the tax return. however, you need to keep with yourself copy of proofs of all the incomes, bank account statements, details of expenses incurred and claimed in tax return, proofs of 80c investments etc

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 also keep copy of Form 16/16As too.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 the query regarding FMV is in what reference?

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 in pvt limited co

for valuation of employee stock option,

1 with whom we have to value the esops?
2 is it every year or once only?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 that I know...I am asking in what reference you need it...for income tax purposes, you need to FMV as on exercise date.

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 for both i need,

thank you sir

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 This is the first time they are issuing esops,

that's why i need for income tax and fmv on exercise date

thank you,

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 please go through https://www.livemint.com/Money/PKUJZ2fkMSPPTJu30VeJXI/There-are-two-stages-of-taxation-for-ESOP.html

and https://www.esopindia.com/Images/pdf/Accounting/GuidanceNoteonAccountingforEmployeeShare.pdf

if you have further queries, please feel free to ask

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 thank you so much sir

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014 sir in that they have not mention fmv valuation is required each year or not ,

Nikhil Kaushik

Nikhil Kaushik (Expert)
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16 June 2014 not required unless you are changing the terms of the esops.

Querist : Anonymous

Querist : Anonymous (Querist)

16 June 2014

Thank you sir,