Comments on: New Income Tax Returns In Excel Format ! http://taxworry.com/new-income-tax-returns-in-excel-format/ Don't Worry Be Happy ! Sun, 14 Mar 2010 09:50:01 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Anonymous http://taxworry.com/new-income-tax-returns-in-excel-format/comment-page-1/#comment-210 Anonymous Fri, 08 Aug 2008 02:12:00 +0000 http://taxworry.com/new-income-tax-returns-in-excel-format/#comment-210 In ITR-1 & ITR-2 under cess, the calculation (rounding off) is not correct as per IT Act. There is a difference of Re.1 to Rs.5. Kindly rectify the same and the corrected version may be put for download please. In ITR-1 & ITR-2 under cess, the calculation (rounding off) is not correct as per IT Act. There is a difference of Re.1 to Rs.5. Kindly rectify the same and the corrected version may be put for download please.

]]> By: Paddu http://taxworry.com/new-income-tax-returns-in-excel-format/comment-page-1/#comment-57 Paddu Mon, 02 Jul 2007 22:18:00 +0000 http://taxworry.com/new-income-tax-returns-in-excel-format/#comment-57 I have a few questions relating to the ITR-series forms:<br/><br/>1. What form should be used if the only sources of income/loss are salary, interest and margin trading? What if the only sources of income/loss are salary, interest and futures & options trading?<br/><br/>2. Should only the total value of transactions or other details too must be entered in the "Annual Information Return" (AIR) section of the forms?<br/><br/>3. Does the AIR code 005 include purchase of shares from a stock exchange? What about shares of foreign companies which aren't bound by Indian tax laws and hence wouldn't have filed an AIR) purchased in a public offer? What about shares or stock options issued by a company to its employees under a stock plan? I have a few questions relating to the ITR-series forms:

1. What form should be used if the only sources of income/loss are salary, interest and margin trading? What if the only sources of income/loss are salary, interest and futures & options trading?

2. Should only the total value of transactions or other details too must be entered in the “Annual Information Return” (AIR) section of the forms?

3. Does the AIR code 005 include purchase of shares from a stock exchange? What about shares of foreign companies which aren’t bound by Indian tax laws and hence wouldn’t have filed an AIR) purchased in a public offer? What about shares or stock options issued by a company to its employees under a stock plan?

]]> By: Paddu http://taxworry.com/new-income-tax-returns-in-excel-format/comment-page-1/#comment-56 Paddu Mon, 02 Jul 2007 21:15:00 +0000 http://taxworry.com/new-income-tax-returns-in-excel-format/#comment-56 The ITR-2 PDF link isn't correct. Please fix it. The ITR-2 PDF link isn’t correct. Please fix it.

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