Is it compulsory to disclose exempted income in the income tax return?

Is it compulsory to disclose exempted income in the Indian income tax return? Can NRI ignore the direction given in the tax return to...

When Can Your Return Be Declared Defective?

I have filed the return for the AY 2006-07 computing tax as per the provisions of 44AD as the gross receipts was less than...

How To File Return If You Are Abroad?

If I am outside country and cannot file return. Can I file return after coming to India? I am in UK till Dec 2007....

How To Get Info About A Taxpayer ?

My father expired in April 2007 while still in service. His income was taxed at source by his employer (a public sector unit). Few...

How To Comply With Income Tax Formalities In Case Of Deceased Person?

In my company one of Director has expired on 27.03.07. He was earning income from salary, shares, interest. and he files return as individuals...

Is Royalty Received By An Author Professional or Other Sources Income?

Individual has received royalty from a Indian publisher on sale of text book written by the individual. Where he can show this income? as...

How to Show Loss From House Property in New Income Tax Return Form?

I am Punjab Govt Employee and have availed housing loan from HDFC bank. In the new Income Tax Return Form No. " ITR 1...

Now File Return Without Any Single Paper Attached-yes Even Without TDS Certificates!

CBDT has notified new Returns for Assessment Year 2007-08 by substituting the Income Tax Rule 12 by notification on 14/5/2007 .The new Rule is...

30 Questions on eTDS You Can’t Afford Not To Know.

The eTDS & eTCS provisions are first of the major changes towards digitization of the income tax work. The government started Tax Information Network...

Saral Form 2D In Excel Format!

Update (18/5/2007)Form 2D is no more there from 14/5/2007.CBDT has notified new forms of Return. The new forms are effective from 14/5/2007.For complete article...