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INCOME TAX

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Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2011 . For 44 AB Turnover is 40 Lakhs or 60 Lakshs if so from which Assessment it is applicable?

2. Advance Tax Limit 5000 or 10000 if so from which assessment it is applicable?

3. Individual is having residence (it is vaccant for full year) but he is staying in rented paying rent is he can claim 80GG?

4. Is there any Excel Formula for Interest u/s 234A, 234B, 234C.

Please give reply

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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05 July 2011 1. Rs.40 lacs up to assessment year 2010-11 and Rs. 60 lacs from assessment year 2011-12.
2. Rs. 5,000/- up to financial year 2009-09 and Rs.10,000/- thereafter.

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2011 Sir,
Thank You Very Much for your reply

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