What is 'previous year' ?
This query is : Resolved
07 February 2012
as per circular No.05/2011 dated 16.08.2011. IT for FY 2011-2012 for sec 80 D, 80DD 80E etc, 'in computing the total income...... any amount paid by him in the previous year, out of his income chargeable to tax....
What is the meaning for 'amount paid by him in the previous year'?
Does it refer to amount paid in 2011-2012 i.e. FY? or 2010-2011? or for the AY's 2012-2013 previous year i.e 2011-2012?
Jeyaraj
What is the meaning for 'amount paid by him in the previous year'?
Does it refer to amount paid in 2011-2012 i.e. FY? or 2010-2011? or for the AY's 2012-2013 previous year i.e 2011-2012?
Jeyaraj
07 February 2012
THE AMOUNT PAID DURING THAT FINANCIAL YEAR IN RESPECT OF WHICH THE INCOME TAX RETURN IS BEING FILED.
.
SUPPOSE , WE ARE FILING THE RETURN OF FY 2011-12, IT'S ASSESSMENT YEAR WILL BE 2012-13.
AS PER CIRCULAR DURING THE PREVIOUS YEAR MEANS DURING THE F.Y.2011-12.
.
SUPPOSE , WE ARE FILING THE RETURN OF FY 2011-12, IT'S ASSESSMENT YEAR WILL BE 2012-13.
AS PER CIRCULAR DURING THE PREVIOUS YEAR MEANS DURING THE F.Y.2011-12.
Guest
Guest
(Expert)
07 February 2012
It follows Amount paid in 2012-2012.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
