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Type: Posts; User: gtresures

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  1. 1. CPC Arrears : You should have given Form 10E...

    1. CPC Arrears : You should have given Form 10E for distributing 9-10 income to previous years. that would have solved the problem
    2. Recovery : Date of recovery determines the FY. So your employer...
  2. Date of receipt is the central idea. 1st Apr to...

    Date of receipt is the central idea. 1st Apr to 31st Mar is FY. If you receive march sal on 1st of Apr, it is pushed to next fin year only to relieve the govt from the burden of accounting salary on...
  3. Thread: Form no. 16

    by gtresures
    Replies
    7
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    3,929

    Form 16 is made of 2 parts. Part B is Tax Due...

    Form 16 is made of 2 parts. Part B is Tax Due calculation part only. Does not say anything about Tax paid part.
    Part B can be issued by seperately by employers or totally by the last employer. It...
  4. If you have claimed reimbursement under a...

    If you have claimed reimbursement under a recognised policy of govt i.e. CGHS or AMA, then the whole amt is exempted. Pls refer IT circular on TDS on salaries in this regard. If it is something else,...
  5. absolutely correct. do not mix insurance and...

    absolutely correct. do not mix insurance and investment. but most of us do it.
  6. Replies
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    1,587

    DA is taken if DA is part of all pensionary...

    DA is taken if DA is part of all pensionary benefits. Even if 1 pensionary benefit does not have DA then it need not be taken.

    For CG employees, clarification is required on this behalf, since DA...
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    Sir, You should check all these things before...

    Sir, You should check all these things before getting the house on rent. Also incorporate PAN of house owner in the agreement along with PAN copy. Here the house owner is evading tax. Probably he is...
  8. You can claim HRA exemption (Rent paid - 10% of...

    You can claim HRA exemption (Rent paid - 10% of your annual basic pay) however max ceiling is the HRA received

    only on the condition that you have submitted the loss from house prop calculations
    ...
  9. Replies
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    1,213

    80 CCD - NPS contribution

    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, authority?. Earlier PFRDA has said that it can be...
  10. Replies
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    3,766

    Sir you can ask them for the authority for their...

    Sir you can ask them for the authority for their claim
  11. Replies
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    3,748

    Tricky one. If i am ddo i will ask PAN because if...

    Tricky one. If i am ddo i will ask PAN because if the same is paid, i will require this for verification. If not verifiable, individual can claim directly in ITR to satisfaction of IT Dept. What is...
  12. Replies
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    1,905

    Yes, if the trust is registered with IT dept and...

    Yes, if the trust is registered with IT dept and they hold such a letter from the IT dept. They will have a PAN also. Charity 50% deduction is allowed. But however you cannot claim it from DDO...
  13. Thread: Cea

    by gtresures
    Replies
    6
    Views
    7,950

    CEA : Rs 100 per month per child up to 2...

    CEA : Rs 100 per month per child up to 2 children;
    Hostel fees : Rs 300 per month per child up to 2 children.

    Eg. You claim rs.15000 as reimbursement, it is a taxable income and Rs.1200 is...
  14. Thread: Cea

    by gtresures
    Replies
    6
    Views
    7,950

    Absolutely correct. Some employees without CEA...

    Absolutely correct. Some employees without CEA reimbursement also claim CEA rebate which is not correct. It is an exemption of income (reimbursement) and not a deduction. i.e. 100 * 12 = 1200 per...
  15. Replies
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    3,522

    As per circular TDS is to be paid in equal...

    As per circular TDS is to be paid in equal monthly instalments. If DDO does not comply with this they are liable to be penalised. TDS is not an option to the Employer but a liability. So whether he...
  16. Replies
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    5,457

    Good elaborate reply sir. I totally accept it....

    Good elaborate reply sir. I totally accept it. And here AO means accounts officer (DDO) or head of office and not Assessing Officer of IT Dept. Just to clarify other readers
  17. Replies
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    3,679

    Anyway sir, you can file it in your ITR also. But...

    Anyway sir, you can file it in your ITR also. But it is the DDO duty to allow it. If they have any doubt they can take undertaking. You can also go to your Assessing Officer and collect a certificate...
  18. Primarily it is the duty of your Employer to do...

    Primarily it is the duty of your Employer to do TDS @ equal monthly instalments. Once this is done, question of advance tax does not arise. When employer does not do it, they are first liable to pay...
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