bhoodhar 1

• asked Jan 19, 2013

tax rebate

My son has availed education loan from bank.He has repaid loan from his salary in the current financial year rs.61817 against principal amount and rs 36183 towards int on education loan.Can he avail educational loan installment prepaid amou...

section-80e home-loan-interest tax-deduction education-loan income-tax

0 votes

1 answers

1167 views

debmdig 1

• asked Jan 18, 2013

e-challan not corrected by AO

Hi Pankaj, While filing my self assessed tax for AY - 2012-13 , in the e-challan the AY by mistake came as 2011-12. Pertaining to this i have had already submitted a written application to my circle AO in September 2012 as per the proposed ...

assessing-officer tax-challan form-26as wrong-assessment-year income-tax-return

0 votes

1 answers

1834 views

vikram172 1

• asked Jan 17, 2013

Home Loan Interest

Hi I need some information on income tax. I have recently purchased a property along with my brother, and I have started paying the EMI from this month for the same property. Although both my brother and I are joint owners and have jointly ...

joint-property rental-income housing-loan-interest tax-exemption section-24 home-loan

0 votes

1 answers

1122 views

MALHOTRAZ84 1

• asked Jan 17, 2013

itr5 REJECTED

I had sent my itr 5 to income tax department after duly filing online return for AY 2012-13. Just checked on website of IT dept.. which says ITR5 rejected as it was recieved in damaged condition. Kindly advise the way forward.

itr-v-rejected itr-verification itr-v

0 votes

1 answers

783 views

Virendra Kaushik 1

• asked Jan 17, 2013

EPF and NPS

Is it necessary for me to continue EPF if I join NPS

national-pension-system epf-pension provident-fund new-pension-scheme epf

0 votes

1 answers

2268 views

ora9 1

• asked Jan 15, 2013

Income tax calculator for FY12-13

Dear Sir, We have been using the Tax calculator for salaries from your site for the past two years. It is our request that you incorporate the effect on tax deduction calculation in case of people not having the PAN. The rate of TDS is 20% ...

excel-sheet-calculator pan-card income-tax-calculator

0 votes

1 answers

1458 views

kishore 1

• asked Jan 14, 2013

can LTA & medical allowance (15K)

can we claim the LTA & medical allowance be claimed while filing IT returns ? please suggest

lta-claim tax-exemption income-tax-return leave-travel-allowance medical-reimbursement

0 votes

1 answers

4400 views

NRIPIO 16

• asked Jan 14, 2013

Rental Income in IT return

Dear Pankaj, First of all best wishes for new year 2013. I (NRI) and my spouse (PIO) own a flat in our joint names. Recently we took a second flat and registered the sale agreement in Dec 2012. Builder has not yet handed over second house a...

second-house non-resident-indian rental-income nri

0 votes

1 answers

1066 views

aa1003inv 1

• asked Jan 12, 2013

Income Tax for a distributor

Hi Pankaj, my father is a stockist/distributor of few agencies (FMCG products) in a small town. The annual turnover is less than 10 lac. It is not audited thus. The distributor commission is around 5% (varies for each agency) and after dedu...

distributor-income commission-income income-tax

0 votes

1 answers

841 views

rizwan 1

• asked Jan 12, 2013

old passport ECR & new ECNR

Hi, I am curently working in UAE on employment visa from last 4 months, My visa is stamped on my old passport which is ECR status, I have taken ECNR from POE (Protector of Emmigrants) on my old passport. I recently renewed my passport in UA...

passport-renew uae-visa emigration-check ecr

0 votes

1 answers

1468 views