my friend has submitted 1 lac saving to company & now he left the company in other orgn.As per rule he has to pay 40000 rs tax if he has not save 1 lac rs under 80 c now he is not agree to save this money & left orgn before paying tax. what happens if he not pay tax
I e-filed my 2009/10 (Assessment year 2010/11) tax return (ITR-1)on 18 April 2011. There is no balance due or refund on the return and my salary income was well below than 1,60,000. I just wanted to learn how to file a tax return so that I could do it myself for 2011/12 assessment year tax return. Please advice if I would be liable to any late filing penalty?
One of my Friend was getting huge incomes in form of commission, apart from his regular salary income, for which he has provided his PAN number and the payer is also deducting TDS for the same, but he is not willing to disclose this income what will happen? will the IT departement track him? If so what is the amount of tax he has to pay?
I have a bank account (India) which has been frozen due to non-submission of KYC documents. What happens now? Can I re-activate it or does the bank take away all the money? Does anyone have details about the procedure?
My father is an old man of 70 years and is a heart patient. He had used a credit card and run up some bills and has taken ill thereafter. Even after explaining to the bank, the bank has sent a letter saying they will report him to CIBIL – the credit info buraeu. What does this mean ?
If I have a deposit of XX amount in a bank and the bank goes bankrupt, what will happen to my deposits ?? Will I get it back ???
Also, what happens to the Loans given by the bank ????
we have not en-cashed a bank draft during its validity period. Now how to en-cash it. if not en-cashed where the money paid to bank for issue of bank draft goes?