Mayank Gupta 1

• asked Feb 5, 2013

PAN of landlord in case of HRA

What is the upper limit of rent after which the PAN of landlord is required? Can you confirm whether it is 1.8 lacs or it has been increased to 2.0 lacs p.a.? Thanks

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

0 votes

2 answers

3637 views

suren343 1

• asked Feb 4, 2013

Two Properties one in place of work and other in different..can we claim HRA

Hi, I have two flats one in place where i am working and other in another city. Currently i want to move to a flat close to my office and give my flat on rent. In this case (1) Can i Claim HRA (2) Loss on let out property on the flat in my ...

house-property-loss self-occupied-house hra-exemption house-rent-allowance

0 votes

1 answers

1556 views

gauravvss 1

• asked Feb 2, 2013

Rent reimbursement

My bank(employer) reimburse me RS 7000 as rent and Rs 500 as maintenance, Where as I pay Rs 8500 as Rent and Rs 1000 as maintenance. How much tax I have to pay or I am exmpted, as it is reimbursement? Should above be considered as HRA.? Awa...

maintenance-charges rent-reimbursement house-rent income-tax

0 votes

1 answers

871 views

SumitJ 1

• asked Feb 2, 2013

HRA & Loss from House property claim in Same city for 2 houses

Hi, I have 2 houses in Jaipur. Both have been given on rent and I received income from both of them. Now I also plan to shift to the same city but will be living in a rented accomodation there. My question is that can I claim 1) HRA excempt...

hra-exemption rental-income house-rent-allowance

0 votes

1 answers

1877 views

kailash mina 1

• asked Jan 31, 2013

deduction u/s 80c of income tax act 1961 for single life insurance premium

i have purchased a new policy from sbi under single life insurance policy plan for which sum assured is rs.3 lac and one time premium amount is rs. 1 lac.maturity period of the policy is 10 years.now my question is that what is the amount o...

lic-deduction single-premium-policy section-80c life-insurance

0 votes

1 answers

3275 views

Siju 6

• asked Jan 31, 2013

LTA Claim for taxi tour package

Is it possible to claim lta for a taxi tour package? Me and my family (4 members) traveled from Bangalore to Munnar as part of the Taxi car(rental) tour package. Without sightseeing total amount for up and down(bangalore to munnar and Munna...

taxi-bills private-taxi-tour-package lta-claim tax-exemption leave-travel-allowance

0 votes

1 answers

5242 views

Arun 1

• asked Jan 30, 2013

Record keeping of Previous LTA claims by Govt./Accountants

How Govt. or accountants keep track of LTA claims? Do they really verify the bills submitted, if yes how? Is there any list where accountants/Govt check about previous claims? Do they keep record of previous bills?

lta-block lta-claim leave-travel-allowance income-tax

0 votes

1 answers

1930 views

Promod 1

• asked Jan 30, 2013

penalty for sec 143(1) - late tax deposited in july for AY 2011-12

I have received a letter from IT deptt yesterday for sec 143(1). They have asked explanation why penalty should not be put on me for late payment of self assessment tax which i paid on 4 july 2011. this is for AY 2011-12.please advise why p...

sec-143 late-payment-penalty self-assessment-tax

0 votes

2 answers

1931 views

shekhar sharma 1

• asked Jan 29, 2013

Income Tax Calculator

Hi Sir, First of all thanks for providing income tax calculator on your website. I have one query related to Allowances. If a person not able to provide all allowances bills & we need to add back this amount to his/her taxable salary. S...

bill-submission taxable-allowances income-tax-calculator

0 votes

1 answers

1012 views

thedmirchy 1

• asked Jan 29, 2013

incometax exemption

Sir iam apensionar of ap state govt.iam paid rs 200 every month towards medical expences.is it included in total income or exemted

medical-expenses pension-income income-tax

0 votes

1 answers

738 views