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Tamilselvan   06 January 2012 at 17:24

Refund of the income tax

I am central govt employee , So tax deducted from salary through dept. Then i submitted the form no-16, As per that i am eligible to get the refund of Rs.4700/-, Because of the LIC payment,

This form no-16 submitted for the income tax assessment year 2010-11, But still now i have not received that money. More over i have already sent letter to the concern office, But there is no replay from there.

kindly give good suggestion to get that sir.

Thanking you

arpit mehta   06 January 2012 at 15:26

Form 16

FORM 16 IS A PUBLIC DOCUMENT OR PRIVATE DOCUMENT...REPLY WHERE IT IS WRITTEN THAT THE FORM IS PUBLIC OR PRIVATE DOCUMENT..THAKS FOR UR REPLY

snpathak   06 January 2012 at 11:57

Income tax

As per Article 16 ofDTAA provisions i want to know clarification regarding income from employment.Assessee is individual and his status is resident of acontracting state(india).he derived salary from 01.04.2010 to30.09.2010 from SAPIENT CORPORATION PVT LTD gurgaon(haryana) AND from october2010 to 31st march2011 salary derived from parental resident company of other cotracting state(u.s.a)SAPIENT CORPORATION 131 DAR MOUTH STREET BOSTON.The recipient was present in other contracting state(u.s.a)for a period not exceeding in the aggregate 183 days in the relevant taxable year.please tell me what should i do.i should show only income from india or both counytries.

Anonymous   06 January 2012 at 00:03

80c rebate fixed deposit

sir
meri 70000.00 ki bank mein fixed deposit hai kya main incometax mein iski 80c mein rebate le sakata hoon.

Anonymous   06 January 2012 at 00:01

Unaudit case

sir
meri firm ki turnover f.y.2010-2011 mein 7000000.00hai main apani firm ka audit nahi kara paya. ab mujhe kya karana chahiye.

C.NOWSHAD   05 January 2012 at 22:13

Limit of bank transaction for income tax

my client deposit the excess amount of money in bank after his expenses and he does all transactions through his saving bank account. if required, he used to withdraw from the account.... The question is whether he is liable to pay income tax on the total amount he deposited in his account(from which he withdrawn for his expenses and again deposit) or income tax on the amount of deposit at the end of that particular year..?

snpathak   05 January 2012 at 20:20

Income tax

assessee is having salary income from u.s.a and india boththe assessee's status is resident in india.he received salaryin u.s.a from resident u.s.a co and in india received from the same co situated in india.tell me inwhich form i should furnish my i.t.return for a.y.2011-2012.sothat i could claim t.d.s from u.s.a and t.d.s in india.

Anonymous   05 January 2012 at 20:19

Income tax

assessee is having salary income from u.s.a and india boththe assessee's status is resident in india.he received salaryin u.s.a from resident u.s.a co and in india received from the same co situated in india.tell me inwhich form i should furnish my i.t.return for a.y.2011-2012.sothat i could claim t.d.s from u.s.a and t.d.s in india.

Anonymous   05 January 2012 at 15:57

Tds deduction

Hello,

I'm working in a company on contractual basis from 31st March 2011 and my contract got over on 31st Dec 2011 and now the company has taken me on company's payroll from dated 2nd jan 2012.

Now my question is how can company deduct my TDS by there own as i got on company's payroll from 2nd Jan 2012. or Is Company liable to deduct my TDS as my monthly income is 8500 pm., If Yes, than what will be the amount which will be deducted.

Anonymous   05 January 2012 at 12:19

Advice

i am a trader of vegitables having large scale transactions aprox.(2,00,000/week) in my saving account.
i have no pan card.
what are the cosequences have to face me from the income tax department because i am dealing in my saving account n i have no current account?
what are the penalities? what i have to do for further business dealings???