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7/29/2011 9:11:06 PM
Topic:
Filing IT return

SALEEM
SALEEM
Posts: 1
ITRETURNSTATMENT
5/26/2011 9:33:18 AM
Topic:
Long term capital loss....

jvgajjar
jvgajjar
Posts: 1
Since LT capital gain on shares is NIL after 12 months, LT capital loss from sale of shares can't be set-off with another LTCG. T'fore, your gain from property can only be set-off with other asset where you are obliged to pay capital gain.
If these shares were shown in your account as an investment, then you will have to write-off this loss (means loss of your capital), but if this was shown as a Trading Stock, then you can carry forward this as a business loss for next 8 years.
Hope this clears your doubt! I also went thru similar situation and you can rely on my reply...
7/30/2010 12:54:54 PM
Topic:
Income tax refund

ranga181
ranga181
Posts: 1
I had filed tax
7/1/2010 9:05:11 AM
Topic:
Income tax refund

TaxWala
TaxWala
Administrator
Posts: 6
Dear Sir,

Even if your employer did not consider your investments, you can still declare those investments
and get the necessary refunds. All you have to do is enter your savings like LIC payments, etc in Deductions Section.

If you own a house and have taken home loan against it, then you can enter this detail in House Property section.

Still confused? No problem, just call us at 966 202 4782 and we will be able to assist you.
6/30/2010 11:08:52 PM
Topic:
Income tax refund

krishna
krishna
Posts: 1
I left my previous employer in nov'09 .During final settlement my last emplyer deducted the tax, but while tax calculation they didn't account for any of my deductions due to Home loan interest,LIC payments etc. and deducted the full tax. Now I have to file ITR and ask for the refunds . How to do so...How to show my savings in ITR...
6/29/2010 3:33:33 PM
Topic:
Filing IT return

tcsharma
tcsharma
Posts: 19
Form 16 is given by the Employer whereas Form 16A is given by the Deductor (not necessarily an employer).

If you are a permanent employee, you will receive Form 16 from your employer.

If you are a Contract employee, you will receive Form 16A.

Hope this answers your question.
6/29/2010 2:53:38 PM
Topic:
Filing IT return

mane23
mane23
Posts: 1
What is the differance between Form 16 and Form 16A.
6/26/2010 4:53:04 PM
Topic:
Interest of house loan

tcsharma
tcsharma
Posts: 19
I dont think so.
6/26/2010 4:51:16 PM
Topic:
tax saving ways

tcsharma
tcsharma
Posts: 19
You can opt for Home Loan. The interest payable on it - upto Rs.1,50,000 can be deducted from your taxable income.
Giving gifts to parents will not help you in saving your income tax.
6/26/2010 4:49:26 PM
Topic:
if i dont make payment of advance tax

tcsharma
tcsharma
Posts: 19
You will have to pay interest on the tax payable if you do not pay your tax in time.
6/26/2010 4:47:57 PM
Topic:
howlong should i keep copiesfor how long,

tcsharma
tcsharma
Posts: 19
It is advisable to keep income tax records for atleast 6 years.
6/26/2010 4:47:31 PM
Topic:
buy a car from proceeds retirement money.

tcsharma
tcsharma
Posts: 19
As such gifts to wife from husbands are non taxable. However, in your case, if your wife gives car on rent and derives income from it, then in that case it may be clubbed with your income.
6/26/2010 4:46:01 PM
Topic:
Income less thn 1 lakh

tcsharma
tcsharma
Posts: 19
Well....it would be advisable to file your income tax return.

Reason being, when you want to take a loan from bank, they will ask you for your last 3 year's IT Returns.
Hence it is better that you file your returns even if your income is below exemption limit.
6/25/2010 10:29:37 PM
Topic:
Efiling of Return

TaxWala
TaxWala
Administrator
Posts: 6
Dear Mr. Dhage,

Thank You for choosing TaxWala.com as your partner in Income Tax Filing.

You can make payment through various options including:

1. Credit Cards
2. Debit Cards
3. Internet Banking
4. Cheque

In case you are paying through cheque, the please note the following details:

Deposit cheque in your local ICICI Bank Branch with following details:

Payable to: M/s TaxSmart Services Pvt. Ltd
ICICI Account No:085305000185

Please add Rs.25/- as bank processing charges.

We hope we are able to answer your question satisfactorily.

In case of doubts, do not hesitate to call us at 966 202 4782 or drop in an email at info@taxwala.com
6/25/2010 9:41:44 PM
Topic:
Efiling of Return

Adv Dhage
Adv Dhage
Posts: 4
Adv Dhage wrote:
Adv Dhage wrote:
procedutre to complete ereturn how to pay
6/25/2010 9:41:27 PM
Topic:
Efiling of Return

Adv Dhage
Adv Dhage
Posts: 4
Adv Dhage wrote:
procedutre to complete ereturn how to pay
6/25/2010 9:40:43 PM
Topic:
Efiling of Return

Adv Dhage
Adv Dhage
Posts: 4
procedutre to complete ereturn how to pay
6/25/2010 9:39:50 PM
Topic:
Efiling of Return

Adv Dhage
Adv Dhage
Posts: 4
how to pay
6/16/2010 9:13:12 AM
Topic:
Efiling of Return

TaxWala
TaxWala
Administrator
Posts: 6
Dear Mr. Priyank Choudhary,

Thank You for filing your returns using TaxWala.com

You need not upload the XML file yourself to the income tax site.

We are an authorized e-intermediary. We will take care of that.

Thank You for being our customer.

Team TaxWala
6/15/2010 10:43:41 PM
Topic:
Efiling of Return

priyank
priyank
Posts: 1
Hi I have filed the tax return through TAXWALA.COM and after the step of Generate xml file i can view my file. Do i need to upload the xml file at incometax india site or TAXWALA has already uploaded my file?
Regards,

Priyank Choudhary

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