Comments for PankajBatra.com» PankajBatra.com : A Blog on Personal Finance, Technology, India and Life.

Comment on www.core.nic.in is reincarnating by ramesh mhaske

ramesh mhaske — Fri, 12 Mar 2010 14:18:42 +0000

Dear, Sir
2002 la loan ghet hote me nehme hapta bharaycho pan pahta pedheci jaga chenag jhalee hotee taya ni aamala kahich messeg dila nahi natar 2010 la notic pathiwale plese pathe pedhee custerale jar hapata nahi bharla tar which notic pathwatat
RS 12000 aata te 24000 thousand magatat

Comment on Emigration clearance not required (ECNR) from Oct. 1 by Pankaj Batra

Pankaj Batra — Fri, 12 Mar 2010 05:31:57 +0000

@Harsha
For USA, ECNR is not required.

Comment on Emigration clearance not required (ECNR) from Oct. 1 by Harsha

Harsha — Fri, 12 Mar 2010 05:20:56 +0000

Hi,

I got B1 Visa & want to travel to US for business meetings for 1 month. My passport has ECR stamped. Do I need to get ECNR stamped before going to US ?.
Please usggest. Thanks.

Comment on File Income Tax Return Yourself This Year by Pankaj Batra

Pankaj Batra — Thu, 11 Mar 2010 16:41:33 +0000

@Parvinder
I don’t much idea about taxation for income from business. Please consult any CA or income tax professional regarding the same.
I am actually a Techie, writes blogs out of my interest in personal finance and sharing whatever knowledge I have.

Comment on Income tax calculator by Pankaj Batra

Pankaj Batra — Thu, 11 Mar 2010 16:37:08 +0000

@Vishal
None of these is non-taxable and you cannot get tax benefit for these.

Comment on Income tax calculator by vishal M

vishal M — Thu, 11 Mar 2010 15:34:11 +0000

Hi Pankaj,

We have electicity,telephone, gas line connection registered on my father’s name. But I am paying those bills regularly. How can I get Tax benefits in this case.

Comment on File Income Tax Return Yourself This Year by Parvinder Saini

Parvinder Saini — Thu, 11 Mar 2010 13:25:45 +0000

Hi Pankaj,

I own a private limited company in hyderabad.Its a partnership firm. We have started our firm in the month of April 2009. Till now we have done a total business of Rs. 9,80,000/- out of which our profit is 10% i.e. Rs.98,000/-.We have already paid an advance tax of Rs.30,000/-. I request you to help me whether i have to pay any tax now. If yes then howmuch? Kindly help me. Looking for your earliest reply.
Thanks & Regards,
Parvinder Saini

Comment on File Income Tax Return Yourself This Year by Pankaj Batra

Pankaj Batra — Wed, 10 Mar 2010 17:15:24 +0000

@Deb
For Home loan interest part deduction, you will have to fill ITR-2 and provide interest amount value under Interest payable on borrowed capital.
For principal part, provide it under 80C.

Comment on Best Tax Saving Mutual Funds by Pankaj Batra

Pankaj Batra — Wed, 10 Mar 2010 17:09:42 +0000

@Ram
Yes, you can invest whole amount of 60K in mutual funds. I would also recommend that first you get a term insurance also, in case you don’t have one, for a cover for atleast 60-70 times your monthly salary.
Among mutual funds, you can invest in ICICI Pru Tax plan, Birla Tax relief, Franklin India Taxshield, HDFC Tax saver and Sundaram BNP Paribas Taxsaver.

Comment on Income tax calculator by Pankaj Batra

Pankaj Batra — Wed, 10 Mar 2010 17:03:52 +0000

@Muthusethupathy
You can get deduction under section 80U. You should have a disability certificate from a medical officer.
If disability is more than 40% you can get 50,000 deduction and If its more than 80% (severe) then you will get 75,000 deduction.