I have pan card and I was fileing my tax on time but last year (nov.2008) I am working in other country dose I have to file the tax return? if yes, than how?
RE:fileing tax return
by ranjish haridas on Jul 20, 2008 11:27 AM Permalink
jus calculate the salary u did get till nov...all the other incomes lyk interest or dividend frm shares etc...and if it comes up above the slab rate of 150000...u'l hav to file the tax return...!!!but hey even if it dosn't reaches 150000 mark u better fyl cos u'l b entitled 4 a refund on the tds collected by ur employer..
and as 4 the question how do i do it...betta u consult a CA since ur abroad ryt now...!!
Hi,in my previous company no tax was deducted from my salary.So company is not issuing me Form 16. in case if company also not provids me salary certificate stating my salary during the financial year,can employer be penalised for not issuing the salary certificate in time.Please suggest me.
RE:Please Clarify
by Amitabh on Jul 17, 2008 08:51 PM Permalink
No, employer is under obligation to issue only TDS certificate,that too if tax has been deducted.
RE:Please Clarify
by ranjish haridas on Jul 20, 2008 11:31 AM Permalink
1st of al...wht is ur salary...!!!if u don hav a taxable salary..the employer dosn't really hav 2 deduct TDS..!!but hey the company sure has the obligation 2 issue a salary certificate on ur request...
Hi, I hav changed my company during last November, henceforth I have Form16 from last April'06 to Nov'07.. and from my new company it is from Nov'07 to Mrach'08... in earlier Form16 Taxpayable is mentioned as 0. and in the current it is approx Rs 10K, but while filing return thru an online website, it is showing my tax payable for this year is approx 20k, why is this so??.. I hav shown investment upto 1,00,000 ... but still why do i need to pay so much tax... can anybody please explain...
RE:clarification on Tax return required...
by subin raj on Jul 17, 2008 10:54 AM Permalink
The problem is the assesment is for a year. Govt wont consider individual form 16. they just add up you r total income for a year and then deduct the investment declarations. The problem is first company u have might have earned 3 lakh salary and in second comapny u might have got a n increase and it is 6 lakhs you earned in that finanacial year...so total of 9 lakhs u earned. Individual if u calculate the tax is correct as per your both form 16. But when u clalcualte together the varience will come up.Same happend to me and I have to pay 10k. i worked April to May mid in one compabny and rest in other ..
WILL YOU KINDLY EXPLAIN THE FOLLOWING COLUMNS IN ITR2 SCDULE CG A1 ,2 DOES THIS RELATES TO SHARE INCOME OF NRI OR RESIDENT INDIA WHAT SECTION 48 MEANS SCDULE CG BC UNDER SECTION 112(1) WHAT IS THIS SECTION JCK
i have made investment in the month of marchto be precise 28th.By my company rules, i can show investment upto january.so they have not considered that investment and not exempted from tax. how can i get that amount back? will itr1 will do? do i have to attach the receipt of investment with itr1?
RE:query regarding ITR
by Amitabh on Jul 17, 2008 08:53 PM Permalink
Just claim the benefit of full Rs 1 lac under 80C. If tax paid or deducted is more than that due,cliam refund. No annextures are required to be attached with the form. If your return is selected for scrutiny, you may be asked for the proof.
I am Paying EMIs for a hame loan and claiming relief on Principal and Interest. I have paid stamp duty (for Registration of the flat). Can this payment offer any relief on IT?
RE:Querry
by Amitabh on Jul 17, 2008 08:54 PM Permalink
No, that can be added to the cost of acquisition to compute capital gain if and when you sell the flat.
my income is only from general insurance agency. not coming in taxable limit. to get back the tds i have to file the return. itr-4, which is supposed to be filled by me is quite complicated. can anybody please explain, without going to a CA how can i fill it. in which column i have to show my agency commission.
