RE:Free assistance For salaried Persons
by gary sandhu on Jul 16, 2008 05:22 PM Permalink
Dear sharad,
I have received my Form 16 for 07-08. I did not claim for tax exemption for deposit in ppf and LTA. I want to claim it now for the year 07-08. How can i do so.
RE:Free assistance For salaried Persons
by Francis Dias on Jul 17, 2008 09:41 AM Permalink
Dear Sharad: Someone has misplaced the PPF passbook. After she invested Rs. 70,000, last October, she suffered from a partial stroke which has left her with partial amnesia. She remembers having made the investment but doesn't remember where she has kept the passbook. Incidently, she lives alone, so no one can help. In filing of returns, is it mandatory to supply copy of the passbook? Pls. reply. thanks
RE:Free assistance For salaried Persons
by shashank shiromani on Jul 17, 2008 08:05 PM Permalink
No, it is not mandatory to submit any documents along with the Return. However, the IT authorities have right to ask for original documents if they have any doubts or otherwise.
Your friend can go ahead and fill up the Return showing PPF amount as Rs.70,000/- (if she remembers it correctly) and in the meantime an effort can be made to obtain a certificate from the bank where she has PPF account. The bank is obliged to give such certificate. In any case PPF Passbook is NOT accepted by IT authorities as proof because it can be fudged. mI hope it is clear.
RE:Free assistance For salaried Persons
by Girish Sahu on Jul 26, 2008 03:32 PM Permalink
Dear Sarad, I am salaried person. I start investing in shares through Demat Account (online) and invested Rs.70,000 and sold some shares (short term). i am in some confuse, should i have to add these profit in my salary. Is there any limit for excemption?
