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Archive for the ‘Return of Income’ Category

I’m a Govt. Servant and my wife is a housewife. I have purchased a flat in joint name, i.e., I’m the owner and my wife is a co-owner. We are planning to rent the flat and need following clarifications:1. Can rent be paid in my wife name?2. In the Income Tax Statement can she show [...]

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CBDT has issued a circular to mitigate the problem faced by tax payers while filing return . That the Return is annexure less was made clear earlier , however because of an amendment in section 139(9) , it was amended that the TDS/TCS certificate should be attached with the return. This has created confusion. Fortunately, [...]

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Here are answers to twenty questions that crop up frequently in the taxpayer’s mind:
1. Heard of New Year. What are financial year, previous year and assessment year?A financial year (FY) is a period of 12 months commencing on 1 April of a year and ending on 31 March the next year. An assessment year is [...]

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एक पुरानी कहावत है कि पुरुष से उसका वेतन और महिला से उसकी आयु नहीं पूछनी चाहिए। यह कहावत आपके टैक्स सलाहकार पर लागू नहीं होती। साल का वह समय आ गया है जब आपको आयकर रिटर्न भरने के लिए अपनी आमदनी की जानकारी देनी होगी। रिटर्न भरने को आसान बनाने के लिए आपको क्या [...]

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