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

omakrisna 1

• asked Jan 9, 2013

Is ECR required

My nephew who is 18 years old has ECR stamp in his passport. I am his legal guardian and he doesn't have parents. We want to travel to Dubai for 8 days for tourism, is ECR needed on his passport and if yes, then how long does it take?

ecr-status tourist-visa dubai-visa ecnr-stamp

0 votes

1 answers

897 views

nandu shekhar 1

• asked Jan 9, 2013

Tax calculation if worked in two companies in one financial year.

I joined a new company in mid of the financial year 2012-2013 (october) . Will I be taxed in my previous company if my total earning from the same is less than 2 lakh till last working day ?

previous-employer multiple-employers tax-calculation form-16

0 votes

1 answers

3157 views

gaurav123 1

• asked Jan 9, 2013

LTA exemption

Hi, How do I get to know/check that whether I have claimed the LTA twice in the Current Block? How many times I have claimed? as only two times I can claim it. -Gaurav

lta-exemption lta-block leave-travel-allowance

0 votes

1 answers

1063 views

Deepak74 1

• asked Jan 9, 2013

Long term capital gain on sale of Flat Purchased in Wife's Name

Dear Sir, Please help me the following case. Sold a flat (flat1) purchased in wife's name. Flat was fully funded by me. Capital gain comes around 30 lakhs. Want to invest in a new flat (flat2) to save long term capital gain. New flat (flat2...

long-term-capital-gains joint-owner residential-property section-54 income-tax

0 votes

1 answers

1863 views

Harsh Baradia 1

• asked Jan 8, 2013

NRI CG deduction u/s 54 and U/s54F

Happy days sirji, Sirji, i had a doubt that, an NRI having an House property/Land in India, and it has been sold in india and amount recived in India has been invested In New House Property in London, my doubt is that whether an NRI can cla...

purchase-abroad sale-in-india non-resident-indian section-54f section-54

0 votes

1 answers

1839 views