RE:RE:income tax return without PAN CARD
by Vertex Placements on Jul 27, 2008 12:40 PM Permalink
yes you can file returns without pancard but in future you will have to get pancard.
RE:Free assistance to Salaried Individuals By CA
by Ramachandran venkatesh on Jul 20, 2008 06:29 PM Permalink
I changed jobs in this financial year. I have form 16 given by both employers. Will my total tax be the addition of tax paid by each company or will I have to calculate the tax afresh by adding the gross taxable income from both companies
RE:Free assistance to Salaried Individuals By CA
by Philip Malayil on Jul 20, 2008 10:38 PM Permalink
Same story here...you have to calculate afresh; since tax is on cumulative income. I thought like you; but now realize i have quite a tax burden...on adding the incomes.
I AM HAVING A HOUSING LOAN FROM MY CO.AND I AM FILLING THE SAME FOR THE INCOME TAX REBATE. THE LIMIT FOR INTEREST ON HOUSING LOAN TO BE EXEMPTED IS RS. 1.5 LACS AND MY INTEREST ACCRUED IS 50000. CAN I AM ABLE TO GET A HOUSING LOAN IN ADDITION TO ONE WHICH I AM HAVING AT PRESENT. CAN THE INTREST ACCRUED MAY FILE IN THE INCOME TAX STATEMENT AND CAN I WILL ABLE TO GET THE BENIFIT OF THAT ADDITIONAL LOAN.
We were having a partnership firm dealing as an agency for only one company and were alloted the PAN number and were filing Returns regularly. Since May 2006, this agency is terminated by our principals and we are not doing any business and there is no income or expenses. We have filed a NIL return for the FY 2006-07. Are we to file the Nil return every year or can we surrender the PAN card and how to do the same.
RE:surrender of PAN card
by sharad gupta on Jul 20, 2008 12:01 PM Permalink
If You Want To Keep the Firm Alive, File The nil Return (Advisable) tosharad@rediffmail.com
my daughter has resigned from a company for higher studies for the year 2006-2008. she has filed all the returns upto that year. now there is no income for the year 2007-008. is it necessary to file a return for zero income for that year.now after completing studies she has joined another company from may 2008.
RE:filing a return for zero income tax inbetween services
by sharad gupta on Jul 20, 2008 12:03 PM Permalink
Nil Return Advisable To avoid Notice. tosharad@rediffmail.com
mydaughter has resigned from previous job for higher studies. she has got a pan card. there is no income for 2007-08 a financial year. is it necessary to file a return for zero income. she has completed her studies now and joined to another firm from may 2008.for continuety is it necessary to file a return?
RE:income tax for zero income in between services
by Sreenath Nagaraja on Jul 20, 2008 09:53 PM Permalink
yes, to be on the safe side of the IT department
Hi..I am into a home-based job providing ITeS solution for a company. I have given DDA a sum of 4,19,000 to clear my dues that I owed to them in Dec. 2007. For this, I got a personal loan of 1.5 lakh from bank, 2.20 lakh (1.8 lakh from my brother and 40,000 from my mother), and 49,000 which I got by surrendering my insurance policies. My question is that can I show this transaction as capital loss from house and get some rebate on my tax???
