Comments on: File Income Tax Return Yourself This Year http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/ Information >> Knowledge >> Wisdom Sat, 13 Mar 2010 19:22:30 +0530 http://wordpress.org/?v=2.9.2 hourly 1 By: Pankaj Batra http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2810 Pankaj Batra Thu, 11 Mar 2010 16:41:33 +0000 http://www.pankajbatra.com/?p=497#comment-2810 @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. @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.

]]> By: Parvinder Saini http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2807 Parvinder Saini Thu, 11 Mar 2010 13:25:45 +0000 http://www.pankajbatra.com/?p=497#comment-2807 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 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

]]> By: Pankaj Batra http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2806 Pankaj Batra Wed, 10 Mar 2010 17:15:24 +0000 http://www.pankajbatra.com/?p=497#comment-2806 @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. @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.

]]> By: Deb http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2802 Deb Wed, 10 Mar 2010 08:13:11 +0000 http://www.pankajbatra.com/?p=497#comment-2802 wow that worked wonders. I can't believe the prompt and such professional responses i got from a govt dept. It was really amazing. Now, one last help : Which deduction section does Home Loan payment go to? wow that worked wonders. I can’t believe the prompt and such professional responses i got from a govt dept. It was really amazing. Now, one last help : Which deduction section does Home Loan payment go to?

]]> By: Pankaj Batra http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2795 Pankaj Batra Tue, 09 Mar 2010 16:39:51 +0000 http://www.pankajbatra.com/?p=497#comment-2795 @Deb You can call income tax department call center at 080-43456700 between 9:30 AM to 6 PM on weekdays. @Deb
You can call income tax department call center at 080-43456700 between 9:30 AM to 6 PM on weekdays.

]]> By: Deb http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2791 Deb Tue, 09 Mar 2010 06:25:02 +0000 http://www.pankajbatra.com/?p=497#comment-2791 and infact i tried to dowload the pdf file also thinking it might work. The link on site takes me to an error page. I have sent email for that also to the help email id on site but no response so far. and infact i tried to dowload the pdf file also thinking it might work. The link on site takes me to an error page. I have sent email for that also to the help email id on site but no response so far.

]]> By: Deb http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2790 Deb Tue, 09 Mar 2010 06:19:20 +0000 http://www.pankajbatra.com/?p=497#comment-2790 Thanks. I have only refund and no payments to be made. Thanks. I have only refund and no payments to be made.

]]> By: Deb http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2789 Deb Tue, 09 Mar 2010 06:10:46 +0000 http://www.pankajbatra.com/?p=497#comment-2789 Hi ... I had pulled and worked on the latest excel from the mentioned site only. After i faced this issue,i sent an email to ask@incometaxindia.gov.in also but no response so far. I wonder how did earlier people use this excel. Please suggest some workaround to this problem. Hi … I had pulled and worked on the latest excel from the mentioned site only. After i faced this issue,i sent an email to ask@incometaxindia.gov.in also but no response so far. I wonder how did earlier people use this excel. Please suggest some workaround to this problem.

]]> By: Pankaj Batra http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2787 Pankaj Batra Tue, 09 Mar 2010 04:59:25 +0000 http://www.pankajbatra.com/?p=497#comment-2787 @Mahesh PF withdrawal is not taxable only if a person has been in continuous service for 5 years. In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service. @Mahesh
PF withdrawal is not taxable only if a person has been in continuous service for 5 years. In your case if you have had PF balance from your previous employer then such balance should have been transferred from your previous employer to your current employer and the period of service of both employers would need to be aggregated to check if you have completed 5 years of continuous service.

]]> By: Pankaj Batra http://www.pankajbatra.com/india/file-income-tax-return-online-yourself/comment-page-10/#comment-2786 Pankaj Batra Tue, 09 Mar 2010 04:55:11 +0000 http://www.pankajbatra.com/?p=497#comment-2786 @Deb Also In case there is some pending tax amount, you have to pay penalty of 1% interest per month from April 2009 now. @Deb
Also In case there is some pending tax amount, you have to pay penalty of 1% interest per month from April 2009 now.

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