RE:PROFFESIONAL /BUSINESS
by diwakar sharma on Jul 26, 2008 02:00 PM Permalink
If you are not related with a firm(as a proprietor or Partner) wherein turnover is Over Rs.40 lacs and as such needs Tax Audit; Last date is 31st July,2008
RE:PROFFESIONAL /BUSINESS
by bhupinder rawat on Jul 26, 2008 02:11 PM Permalink
First you have to know your sources of Income. According that ITR will be choose
RE:RE:ITR1 2007-08
by bhupinder rawat on Jul 26, 2008 02:12 PM Permalink
No its not necessary this time. But if Income Tax Office is demand, then required to submit
Is it necessary to attach the relevant supporting docs ( Form 16, Investment proof ) when the acknowledgment is sent to ITO for the stamping in case of returns e filed with out digital signature ?
RE:ITR for FY 07-08
by Life Insurance Corporation of India on Jul 26, 2008 01:09 PM Permalink
Friend.......... it's not necessary to attach any documents during submission of ITR
RE:Manish
by bhupinder rawat on Jul 26, 2008 02:01 PM Permalink
No problem till date. You have fined Rs. 5000/- for non-filing of I.T. Return. The Ratio of panelty is 100000 : 1. So You filed I.T. Return in time. Nobody know who is LAKHNO MEIN EK
I have taken house loan, does that mean I need to fill in ITR-2 form? OR I can fill ITR-1, since I have income from salary and no income from other sources.
RE:House Loan need ITR-2 to be filled?
by bhupinder rawat on Jul 26, 2008 02:03 PM Permalink
You have to filed ITR-2 for taking benefit of Loss on House Property (Interest on Housing Loan is treated LOSS).
I am working in some other country and I would like to know is it necessary to pay tax in india as I am an indian citizan and pan card holder and use to file my returns on time when I was in india. could some body be able to adwise me on same
RE:dose it is needead to file tax in india if I am working in some other country
by bhupinder rawat on Jul 26, 2008 02:06 PM Permalink
Aditya If you reside over 180 days in India in single financial year, then you have to filed I.T. Return in India and pay taxes on your Income (if earned from foreign country)
RE:PAN information
by bhupinder rawat on Jul 26, 2008 02:07 PM Permalink
Apply PAN for self, Because you run proprietorship firm. As per Income Tax Regulations No identity of Proprietorship Firm
I retired on 31st january 2008. while filing the income tax returns am I supposed to show retirement benefits i received? If yes, under which schedule it should be shown? I am using ITR2 form. please advise me. Muralidhar V
RE:writting mistek in 1 letter for PAN No
by bhupinder rawat on Jul 26, 2008 02:10 PM Permalink
Girish, you have to immediate filed Revised Return with Correct PAN and also intimate to your Income Tax Officer with seperate letter, Otherwise you have to penalised for mentioning Wrong PAN
RE:writting mistek in 1 letter for PAN No
by RAJKUMAR SINGHANIA on Jul 26, 2008 12:44 PM Permalink
If you can filed the return through Enet than software not accept. Because wrong PAN no not registered in Site, Please change your PAN No and upload