Pruthvi 26

• asked Mar 27, 2013

Excess ITR refund received. How to pay it back to Govt?

For assessment year 2011-12, I had received Rs. 330 as extra refund of Income tax because of government has calculated the return based on Original return & Not based on revised return Original return filed ? Rs. 890 Revised return File...

excess-income-tax-refund challan-number income-tax-challan income-tax-payment

1 votes

2 answers

2005 views

srinivasa rao p 1

• asked Mar 27, 2013

epf amount cutting or not ?

iam working in 104 service in andhrapradesh .at krishna district ..working date from 2-12-2008 .recently i checked my epf amount i.e ee amt rs 13672 & er amt 4177 as on 15-03-2013.. is this correct or any frod ? we asked our third party...

epf-amount employee-contribution provident-fund

0 votes

1 answers

1056 views

VIKAS SINGHAL 186

• asked Mar 26, 2013

gift tax in transaction with In-laws

In one of your answer u've confirmed that no tax is applicable on amount received from Brotehr-in-law or father-in-law, I want whether it is same if I give some amount to my brother-in-law or father-in-law?

gift-to-relatives income-tax

0 votes

1 answers

952 views

HRIM 1

• asked Mar 25, 2013

rent receipt

Sir, One employee submitted monthly rent receipts for claiming HRA. Receipt vouchers-he brought as a booklet with diff receipts from a shop and he has filled out all relevant info and got signed by his houseowner. Should he affix revenue st...

revenue-stamp hra-exemption rent-receipt house-rent-allowance

0 votes

1 answers

1011 views

vikram172 1

• asked Mar 25, 2013

Capital Gains Tax

Hi I recently purchased a property by availing housing loan. Since the loan amount is high my father is planning to sell one of his properties and partially pay off my loan. Will the proceeds from the sale of my father's property be subject...

section-54 capital-gains home-loan income-tax

0 votes

1 answers

1051 views

Chandrashekhar Raut 31

• asked Mar 24, 2013

Uniform Allowance

I have a uniform allowance in my salary component. I have receipts of clothes purchases(myself). But the company now says that i cannot claim this. Because company has not defined any specific dress code apart from any formals every day and...

uniform-allowance salary-components income-tax

0 votes

1 answers

1949 views

Chandrashekhar Raut 31

• asked Mar 23, 2013

School fees for younger sister

Hi Pankaj Sir, I don't have a child education component in my salary structure.Can i claim the tuition/admission fess (around 8000INR) paid for my younger sister, under 80c? Also Can i claim optical bills (spectacles) under medical reimburs...

tuition-fees children-education leave-travel-allowance medical-reimbursement

0 votes

1 answers

2227 views

Jothi 6

• asked Mar 22, 2013

Constitution of firm in real estate business

Dear Pankaj 1.can a public limited company and partnership firm join together to form a new partnership? 2.When a `partnership firm enters into an agreement with another party,is it enough if one of the partners sign the agreement? The abov...

public-limited-company real-estate-industry company-director partnership-firm

0 votes

0 answers

558 views

Chandrashekhar Raut 31

• asked Mar 22, 2013

Claim HRA while staying with parents

Hi Pankaj sir, I stay with my parents in Pune. My salary has HRA component. Can I show my rent slips for the amount that I pay to my father every month and claim this deduction ? Also why is the PAN of landlord required in case the rent is ...

rent-to-father landlord-pan hra-exemption rent-receipt house-rent-allowance

0 votes

1 answers

2315 views

Anandbcd 1

• asked Mar 21, 2013

Proofs for LTA claim

Hi Pankaj, regarding the proofs for LTA claims, is there a clause that if I travel between two different states I need to submit proof of tax paid or toll gate fee receipt, as I did not kept them with me, the cab driver had it and I did not...

toll-gate-receipt travel-proof lta-claim leave-travel-allowance

0 votes

1 answers

2114 views