navin 1

• asked Jul 30, 2011

ITR Return proof submission

I have already created xml file for ITR e-filling. My question is : I would be getting money back as I my tax was collected more then it should because I was not able to submit the proofs-LIC receipts to my employer. Now is it necessary for...

online-filing income-tax-refund income-tax-return

0 votes

1 answers

1607 views

Chandan Singh 1

• asked Jul 29, 2011

I wan to include income from the PF I have withdrawn in my IT return.

Hi Pankaj, I have withdrawn my PF before 5 Years. I want to include it in my IT return. Which form should I file and in which section should I include the income?? Thank you.

itr-1 income-tax-return epf-withdrawal

0 votes

1 answers

6304 views

rozina 1

• asked Jul 29, 2011

hra & education loan interest

Hi Pankaj, I have query regarding filing returns - 1) can i file return for 2010-2011, i had my tds deducted in form 16 tax payable was zero 2) my company had not considered hra for exemption, so can i claim it through rent recepts. if yes ...

house-rent-allowance income-tax-return education-loan

0 votes

1 answers

1475 views

srikanthml 6

• asked Jul 29, 2011

gift and sale of property - captial gain implications

Hello Pankaj, My father owns a plot allotted to him in 1990 at a cost of 1.5lacs(A) I own a house bought at 13lacs in 2001 in which my father is residing.(B) I also own a plot bought at 40lacs in 2008.(C) Now my father wants to gift the plo...

section-54f gift-deed residential-property long-term-gains capital-gains

0 votes

1 answers

1431 views

djl 1

• asked Jul 29, 2011

What is the tax to be paid?

I have a house which i took pocession in Apr 2002 for 9 lakhs. The cost of the house is now 40 lakhs . If I sell the house now what is the tax that I have to pay ? and secondly how to avoid it ? Thanks

section-54ec long-term-gains section-54 capital-gains income-tax

0 votes

1 answers

1299 views

PBS1986 1

• asked Jul 29, 2011

Do I need to pay interest on the income tax due?

Hi, During FY 2010-11, I was associated with 2 different employers (between Apr 2010 - Feb 2011 : employer1, Mar 2011 : employer2). At employer1, TDS was nill as the net taxable income was well within the limits. However, when the total inc...

tax-interest section-234b section-234c self-assessment-tax tds income-tax

0 votes

1 answers

1566 views

Jayanta 1

• asked Jul 29, 2011

Verification column in ITRV

I have submitted efiling return successfully and acknowledgement received. In the ITRV, there is a verification column and in the last line under Verification clause, there is space provided as below: ".. return in my capacity ___(Blank Spa...

acknowledgement itr-verification online-filing itr-v income-tax-return

0 votes

1 answers

3332 views

vaibhav 1

• asked Jul 29, 2011

Wrong year selected while paying the tax online

Hi Pankaj, I have made a mistake while making online payment for the income tax. I selected assessment year as 2010-2011 while making the payment for this year, where as it should have been 2011-2012. However, while online filing the return...

online-tax-payment wrong-assessment-year revised-return income-tax

0 votes

1 answers

1800 views

Pranesh 1

• asked Jul 29, 2011

capital gains tax exemption

I have two questions: 1 Can I save capital gains tax by investing Rs 50 lakhs in approved bonds and the balance in a new property? 2 Can the new property be jointly financed and owned by me and my son ?

section-54ec capital-gain-bonds long-term-gains capital-gains

0 votes

1 answers

1083 views

rag_gupta 1

• asked Jul 29, 2011

Which form to choose to file income tax

I quit my job in 2009 and since have no earnings. But from the job of three years from 2006-2009 I've received a PF withdrawal of Rs. 1.5 lacs in 2010. So for AY 11-12 I've only income to show is the PF withdrawal one. So I want to know if ...

form income tax

0 votes

1 answers

1626 views