Virendra 1

• asked Jul 27, 2011

Medical Bills Exemption

I missed submiting the medical bills to my company before 31-Mar-2011, hence I was not reimburshed Rs. 15000 (under section 17(2)) , and thus this also does not reflects in Form 16. I have all the original bills , for the amount I spend , b...

medical-bills income-tax-return medical-reimbursement form-16 deduction

0 votes

2 answers

2557 views

Mayank Goel 1

• asked Jul 27, 2011

Interest on loan of rented house

Hi I work in gurgaon and have a flat in pune which has been rented . I have taken a loan for the same Will the interst rebate limit will be 1.5 lac or its no limit ? My HR says its 1.5 Lac , if not , could you please tell me the section und...

rented-property home-loan-interest rental-income section-24 deduction income-tax

0 votes

1 answers

1410 views

aktvds 1

• asked Jul 27, 2011

How to save capital gain tax in case of senior citizen

Hi, My father sold a house last year for 12lacs. Since i had contributed majority of the construction cost, he wants to help me now as i am planning buy a flat. Is there any rebates on capital gains for senior citizen who don't have any oth...

joint-owner residential-property senior-citizen long-term-gains capital-gains income-tax

0 votes

1 answers

8839 views

Ranjit 1

• asked Jul 26, 2011

salaried plus income from insurance commision

I am a salaried person and at the same time working as insurance agent. Which ITR form should i fill?. Since i have got Form 16 from the company where i work and Form 16A fro insuranc ecompany.

insurance-agent salaried-person commission-income itr income-tax-return

0 votes

1 answers

2865 views

Harit 1

• asked Jul 26, 2011

House rent allowance

Hi Pankaj , I worked with this organisation from April 2010 till Oct 2010 ( 7 months) . After that i changed to another organisation. But i forgot to submit rent receipts in the earlier organisation for HRA releif. Can i deduct the HRA for ...

rent-receipt house-rent-allowance income-tax-return hra

0 votes

1 answers

1512 views

Harit 1

• asked Jul 26, 2011

Interest Rate on balance tax

Hi pankaj , i have paid less tax for the FY 11-12 than what was due.Now how much interest(percentage) to pay as a penalty on the remaining tax which i need to pay??

interest-rate section-234b section-234c income-tax-return income-tax

0 votes

1 answers

1864 views

kks 1

• asked Jul 26, 2011

tax saving in 2012

Currently i am investing 3000 a month in canara robeco equity tax saver(G) and HDFC tax Saver(G)funds each for tax saving Purpose.I heard that from April 2012 there won't be Tax saving MFS, so what about the Future and existence of these EL...

equity-funds tax-saver-fund mutual-fund tax-saving income-tax

0 votes

1 answers

1977 views

ahsan_cse2004 1

• asked Jul 26, 2011

E Filing of return

Hi Pankaj, I am trying to file my return for which TDS have been calculated and Form-16 has been given to me by an organization where I worked as a consultant for around 4 months. This has been my only income for last assesment year. I have...

consultant e-filing income-tax-return tds form-16

0 votes

2 answers

2960 views

Amit91 196

• asked Jul 26, 2011

second home loan and sec 24 b

Hi I tool the possession of my second home on 16th March 2010. This home is on loan. Now, I am taking the benefit for interest paid to bank for all previous years (20% for next five years). Since I got the possession on 16th March 2010, I h...

notional-rent second-home home-loan-interest rental-income possession-year

0 votes

1 answers

1589 views

Mayank B 1

• asked Jul 26, 2011

TDS for brokerage

Hi, My income from salary for 10-11 is 4,00,000 and it's in under section 192. Now I also earned 30000 from a real state company for brokerage and they have filled it in section 194H, but the status of booking in form 26AS is 'U'. Do I need...

brokerage-income form-26as salary-income income-tax-return tds form-16

0 votes

1 answers

1993 views