Ramakrishnarao 1

• asked Jul 26, 2013

Exemption under section 80G

Dear Pankaj, Can you please let me know the % of deduction that can be claimed as exemption for a trust that is issued certificate under 80G(5)(vi). I donated an amout of Rs25000/- for this institution in FY2012-13. Thanks in advance.

80g-5-vi donation-amount section-80g tax-exemption income-tax

0 votes

1 answers

1051 views

abhipro 1

• asked Jul 23, 2013

Company deducts TDS but doesn't deposit to government

Our company deducts TDS from our salary but they don't deposit to government. I checked my form 26AS and it had no entries. Also they refrain form issuing a form -16 . Could you please guide me on how to file Income tax return in this case.

tax-evasion non-compliance form-26as tds-deduction form-16

0 votes

1 answers

1080 views

ashish398 1

• asked Jul 23, 2013

regarding 15g/h

dear sir, i would like to know that if i am working and i have annual income is rs 15 lakh rupees.and eligible tax is been deducted by employer. and if i invest some amount in bank from the savings of my salary.am i eligible to fill the for...

form-15g form-15h fixed-deposit bank-interest tds-deduction

0 votes

1 answers

1128 views

income_ tax 1

• asked Jul 23, 2013

income tax on capital gain

Dear Pankuj, Thank you so much. I hav e a just one more query. My wife have purchased NHAI Capital gain tax Bond under sec 54EC for whole sale vaule of land sale which was given by her mother after death. While, filling up the ITR 2 reurn ,...

nhai-bonds land-sale section-54ec income-tax-return capital-gain-bonds capital-gains

0 votes

1 answers

1113 views

Rahul singhania 1

• asked Jul 23, 2013

Can incentive income club into net profit

Respected sir, I have proprietorship firm doing business of cloth trading ,in that net profit is coming less than 8% , one thing i want to ask you that Is incentive received on turnover can be assume as business income and can add into net ...

trading-business business-turnover proprietorship-firm business-income

0 votes

0 answers

807 views

Shrikant Vijay Rane 1

• asked Jul 23, 2013

Clarification needed on income from insurance advisory business.

Hi, I primarily earn income from salary but being an agent of 'XYZ insurance company' I receive commission. Please advise under which head this income shall be considered.

income-insurance insurance-commission insurance-agent business-income

0 votes

1 answers

961 views

HRIM 1

• asked Jul 23, 2013

Monthly payroll cost

Sir, How to classify Monthly payroll cost of employees as direct and indirect costs. Is the non cash benefits given to them termed as indirect costs.Please clarify. Thank you, HRIM

monthly-cost payroll-query

0 votes

0 answers

899 views

Sunny DSouza 1

• asked Jul 23, 2013

income tax deduction for project based cash incentives = Rs 50000

apart from my salary of Rs 35000 per month I am eligible for a lumpsum cash incentive of rs 50000 on completion of a project, so i wanted to know how much will i be taxed on the cash incentive?

cash-incentive performance-bonus tax-deduction income-tax

0 votes

1 answers

1127 views

Gurukul 187

• asked Jul 23, 2013

Education cess on Bank Interest

Hi, Do I need to pay education cess on bank interest which includes savings + FD interest (more than 10000) Is so then how it should be calculated. Will it be automatically taken care by ITR2 form Please advice.

tds-on-interest education-cess bank-interest income-tax-return income-tax

0 votes

1 answers

5226 views

income_ tax 1

• asked Jul 22, 2013

tax on interest earned on capital gain bonds(NHAI)

Dear Pankaj, I have purchased NHAI capital gain exemption bond of Rs 40 lakhs in the last FY 2012-13 but interest has been credited only on 02/04/2013.Do ,I have to show the interest earned in FY 2012-13 or it can be reflected in next FY ? ...

capital-gain-bond nhai-interest interest-income section-54ec income-tax

0 votes

1 answers

1053 views