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kishorchandra p mehta   08 June 2016 at 09:57

Incometax

sir,
I am individual,senior citizen and my total annual income for FY 2015-16 comes to
Rs 321945 (including interest of Rs
69547/-on fixed deposits with bank.)
While going through various tax calculators, they show tax liability as
2261/- while through IT Deptt.,website,
the tax liability is shown as Rs 201/-(including education cess etc.,)
Sir, would you kindly guide me what tax I should pay and before what date ?

Awaiting early guidance.
K.P.Mehta.

nanjo   06 June 2016 at 12:18

Pan card address change

Dear sir
Is it compulsory to change my ao code when my address change for e filing IT returns.Change of address is already entered in pan data base.But ao code is shown still old. Which AO will assess my e filed return in this case the present address AO or the old AO .

ars   06 June 2016 at 10:58

Sec. 80-d of income tax

in a co. for the group mediclaim policy for the employee and their family the annual premium is paid by the employer.

The policy is on sharing basis, where by the premium is paid on 50 -50 basis by the employer and the concerned employees.

The employees’ contribution (50%) are deducted from their salary.

The queries are :
1. Whether the individual employee shall claim deduction u/s 80D for the 50% or part of premium paid by it, during the FY.

2.Whether the premium paid by the employer (50% or part) amounts to perquisites ?– taxable in the hands of the employee?

request to reply with citation from the act / tax laws.

AJAY KUMAR   06 June 2016 at 09:49

For open depot/branch in other state

Sir,

We have to open Depo/Branch in other state Nagpur (M.H.)for billing purpose. Kindly confirm requirement for these.

richa   05 June 2016 at 22:40

Taxation of trust

Hi, Hoping to find a piece of advice from you. My query is- An educational society registered under The Society's act has gross receipts for AY 2014-15 as rs.128 lakhs and the amount applied for capital and revenue expenditure is Rs.135 lakhs. The trust does not have registration u/s 12A and nor does it have approval u/s 10(23C) also the ITR 7 was filed under Income from other sources for claiming exemption u/s 11 of the Income Tax Act,1961.Now CPC has issued an order for taxing Gross receipts of Rs.128lakhs ignoring amount applied. Please advise if CPC is correct? if yes, how? and how should this be dealt with?

PLS guide


Rama mohan Acharya   02 June 2016 at 12:03

Transfer of property nd income tax

Both Husband & wife are salaried employees. They have one house at Delhi. Though there is nothing stated in the deed regarding proportion of ownership, husband claims 92% & wife claims 8% on housing loan for the purpose of Income tax.
Now they have purchased another house at Lucknow in joint name. Here also they have taken housing loan in joint name. No share of ownership is defined. Husband's name appears first & wife's name come later in the Deed. Loan is also in the same pattern.
Husband wants to avail full benefit of Income tax on Housing Loan on the property of Lucknow. He wants to execute some document for Delhi property so that wife will be sole owner & can claim full benefit of Income Tax rebate.
Is it possible? If yes, what will be the procedure.

Debashis   02 June 2016 at 11:49

income tax

Who should file income tax return? My income from remuneration is
Rs 264423/- for the year 2015-16.
Should I have to file return?

ali   02 June 2016 at 00:21

Informing it department about a person claim of 2 crore

dear lawyers
one of my friend got issued a FIR saying that he paid me on different dates a total amount of two crores all in cash
any way the investigation got pending as he was unable to provide documentary proof of payment
Now my question:
How can I get this FIR cancelled?
Whether i can report in IT department and get him raided at his business and residential places ??
please advise any other option

ali   02 June 2016 at 00:16

It assesse details

How to get an assesse details of Income tax under RTI act.
whom to approach ??
whether it is allowed to give the details by IT department ??

Ammi Phukan   01 June 2016 at 22:19

Assam Sales Tax Act 1993

Want a brief notes on Assam Sales Tax Act 1993..please help