Even though I own properties in India, I strongly feel that the prices are exorbitantly high and does not balance with the income of the people. Can you guys put in some real proof with data? Even If you think otherwise, bring in data.
there are a very large no of income tax payers who prepare their returns all by themselves .The amount of tax is small or it may be even nil in some cases.If it is sent by registered post, the acknowledgement form is not received back.
If it is submitted electronically, there is the question of digital signature,( to subscribe to a digital signature is a costly proposition). In these days of electronics how it can be done in a proper way ?
The answer is to be on the Indian context
Last year’s budget did not go down well with the salaried class. What are the chances that we’ll see some tax rebate this year?
Hi I am an Indian resident. I was an employee of an IT firm in India for the past 3.5 years until i resigned shortly 2 weeks back as i would be going for higher studies a couple of months later. Mean time i would be preparing myself for the study and not to be engaged in earning. So i need to know do i need to pay the tax after i resigned from the company and the fact i am no more a salaried person. If yes what’s the structure like?
The new income tax Circular No– 05/2011 requires one to produce the PAN card of the landlord if the rent paid for the year exceeds Rs.180000. If the landlord doesn’t have a PAN card one should get a written declaration from him that his income is below the taxable income.
Will they be conducting checks? It seems they have implemented this rule due to the increase in the number of people producing false rental receipts. Naturally, I’m one of them and so I’m afraid.
We have been running a shop in a rented property from the past 60 years.The roof of the building is damaged.The landlord is not going to repair it.Tell me is their any law for a tenant for repair the damaged building or any other way to resolve this problem?
Is it possible to pay tax under 2 different head (one is from my salary and another from my business)? Please let me know is there any complication in this matter? Thanks in advance.
According to 6 CPC, the tution fee for the nursery going child can be reimburshed. In the same way, can we claim the tution fee for the nursery going child from Income Tax.