y_srikanth 1

• asked Jun 22, 2011

Savings Suggetions needed..

Hello, I need to show approx 95000 rs as savings in march 2012 to get 0 income tax. Good/convenient suggestions needed. thanks

savings income-tax

0 votes

1 answers

1049 views

malik 1

• asked Jun 22, 2011

Business Taxes on Pvt Ltd or Sole Proprietorship

Here i have 2 question for Taxable Income.. 1) Sole Prorietorship Example: When i get total income from my client Rs: 1,00,000/- in which i am paying Rs: 85,000/- to a vendor. Rs: 1,00,000 is taxable or only Profit Rs: 15,000/- ? 2) Pvt Ltd...

sole-prorietorship private-company income-tax

0 votes

1 answers

1158 views

someone 1

• asked Jun 21, 2011

Regarding interest on income tax

Income tax paid by me in F.Y.10-11, falls short by approx. Rs5000.Kindly tell me the interest payable on this amount and under which section does this interest comes? ITR-2 has 3 columns for interest payable under Sec 234A, 234B and 234C.Wh...

section-234a section-234b section-234c income-tax

0 votes

2 answers

2211 views

Salwells 1

• asked Jun 20, 2011

Selling Flat and buying residential plot

Hi, I had bought a flat in India four years back for 36 lakhs and selling it next month for 55 lakhs. If i buy a residential plot for 27 lakhs, do I need to pay capital gain tax? Thx. Sal

residential-property long-term-gains capital-gains ltcg income-tax

0 votes

1 answers

1660 views

palash 1

• asked Jun 20, 2011

incorrect AO Ward/Circle submitted

I have submitted wrong AO Ward/Circle while submitting IT return online (submitted 23(2) instead of 1(1)). Do I need to revise the return mandatorily? I have refund.

incorrect-ward-circle revised-return income-tax-return

0 votes

1 answers

3522 views

Tanweer 1

• asked Jun 18, 2011

Name Correction

Hi pankaj While filling IT return online last week my accountant made mistake in my father name. Could you please suggest me any solution to resolve the problem please. Regards Tanweer

revised-return rectification itr income-tax-return

0 votes

1 answers

2181 views

veena 1

• asked Jun 18, 2011

Capital gains tax

Dear Pankaj, I bought a flat in 1993 for 4 lacs.Now I am selling it for 28lacs. Please let me know what will be the capital tax applicable. Further,I bought another flat in 2005 by taking home loan of 25 lacs.in which 8 lacs is still outsta...

residential-house long-term-gains section-54 capital-gains home-loan income-tax

0 votes

1 answers

1621 views

Sarbe 1

• asked Jun 18, 2011

Declare additional savings

hi As per my company policy we have to submit the proofs before 10 Feb. But after that period i did some more savings till 31March. Now how will i declare these savings? In my Form 16 it shows what i hv submitted.

investment-proof investment-declaration tax-saving form-16

0 votes

1 answers

1905 views

Nagu 1

• asked Jun 17, 2011

LTCG ON PROPERTY SALE

I had purchased a residential plot for Rs.32,500 in the year 1995. The same plot is planned be to disposed for Rs.40 lakhs in June-2011. 1) What is the LTCG implication? 2) Can i spend the full amount for residential house construction (in ...

section-54f residential-plot long-term-gains ltcg income-tax

0 votes

1 answers

1803 views

manisheck 1

• asked Jun 17, 2011

How to get TDS refund for Self Employee??

Dear Pankaj, I am Contract (self employee) in One of Engineering Company. Every Month They has given me salary after 10 % TDS deduction. Yesterday I receive 16A form them. In Form 16A, the payments (Salary) are mention under 194J, Fees for ...

self-employed form-16a 194j income-tax-refund tds

0 votes

1 answers

3419 views