Forum: Income Tax

Dear sirs It has been hearing Filing of income tax returns below 5 lakhs is not necessary .Is it true ,Is it valid from the FY...

Can a CG employee covered under GPF (Old Pension scheme) opt to open NPS a/c with any bank and claim 80CCD1B deduction for his contribution. If yes,...

As provided in this years budget, a provision has been made for claiming tax exemption in respect of investment in infrastructure bonds. Can some...

Dear Friends! GConnector has put up a calculator to spread the arrears received to the years to which it belongs as per the provisions of IT...

I want to know whether a state government servant has to compulsorily pay advance tax due to salary from sept'2011 @ 30% and so on, if his total tax...

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(I) In the case of every individual other than the individual referred to in items (II) and (III) of this Paragraph or Hindu undivided family or...

I have been availing the benefit of housing loan repayment and interest repayment for the past many years. For this purpose i have been furnishing...

Can somebody help me out I want TDS to be stopped, and I wanted to pay the tax in a single go at the end of the year, which I feel more easy...

Is Children Educaiton Allowance (maximum Rs. 12000/- each child upto 2 child) will be included in gross salary?

What is the maximum limit of exemption of HRA & CHCA for computing Income Tax

(a) Is children education allowance taxable. (b) If I paid Rs 100000/- in the school as tuition fee for my first child, is it possible to...

I would like to know whether the principal/interest of the computer loan availed from the department is exempted from IT. If so to what extent? ...

Will some one clarify whether education loan taken from a nationalized bank in India for son's study in Master of Science (Computer Science) from an...

In our organisation, a deemed university under MHRD,account officials have been dening to give relief U/s 89 for the recieved (CPC) arrear of 60%.In...

A donation has been made to Sri Aniruddha Baba Upasana Foundation. Will it qualify for tax rebate/ deduction under Section 80 G of the IT Act?

Come June-July, taxpayers become busy preparing and filing income tax returns. This year many of them are in for a rude shock as the Department have...

Mr.Indranil Chakraborty asked, Is there any change in the tax treatment of education loan repayment, wef AY 2009-10?

Lat Year I had resigned from a firm and joined another. This financial year (13-14) I received EPF dues from the previous employer. Should I...

My friend is getting Rs 800 as transport allowance and DA on it Rs 952 per month total of rs 1752. He claims that Rs 1600 per month is exempted from...