Comments on: How to Miss your Income Tax Returns (ITR) Deadline http://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html Financial Planning , Insurance , Mutual Funds , Investments Sat, 11 Feb 2012 17:08:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Munnahttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36798 Munna Thu, 09 Feb 2012 17:30:23 +0000 http://www.jagoinvestor.com/?p=811#comment-36798 Hi I have a different scenario......I worked in in 1st company, left it in 10 feb and went to 2nd company on feb 20 and worked there till april 2 and left that company with out resigning.. Now in my 3rd company i did not mention about my 2nd company and now I have to pay tax........now I have form 16 of only 1st company......so what should I do to pay tax for the 2nd company incom....I am submitting the first company form 16 in the 3rd company.......is there any problem for me.....in doing so.....plz guide me. Hi I have a different scenario……I worked in in 1st company, left it in 10 feb and went to 2nd company on feb 20 and worked there till april 2 and left that company with out resigning.. Now in my 3rd company i did not mention about my 2nd company and now I have to pay tax……..now I have form 16 of only 1st company……so what should I do to pay tax for the 2nd company incom….I am submitting the first company form 16 in the 3rd company…….is there any problem for me…..in doing so…..plz guide me.

]]> By: Ashal Jauharihttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36654 Ashal Jauhari Wed, 08 Feb 2012 15:54:18 +0000 http://www.jagoinvestor.com/?p=811#comment-36654 Dear Muneswar, You may claim HRA benefit at the time of filing your Income Tax Return. Thanks Ashal Dear Muneswar, You may claim HRA benefit at the time of filing your Income Tax Return.

Thanks

Ashal

]]> By: Muneswarhttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36632 Muneswar Wed, 08 Feb 2012 09:05:04 +0000 http://www.jagoinvestor.com/?p=811#comment-36632 Hi, For some reason, if I dont get HRA exemption from employer, can I get it refunded while filing returns? If yes, how do we submit rent receipts? Thanks & Regards, -Muneswar Hi,
For some reason, if I dont get HRA exemption from employer, can I get it refunded while filing returns? If yes, how do we submit rent receipts?

Thanks & Regards,
-Muneswar

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36621 Manish Chauhan Wed, 08 Feb 2012 07:45:35 +0000 http://www.jagoinvestor.com/?p=811#comment-36621 Raj No , there is no compulsion of filing your tax return , however if you want your TDS back , you need to file the return ,and I think it would be wise to file it as its matter of 12k , just by spending few hundreds (Rs 200) you can file the return sitting abroad , then you can get back 12k , good deal I would say Raj

No , there is no compulsion of filing your tax return , however if you want your TDS back , you need to file the return ,and I think it would be wise to file it as its matter of 12k , just by spending few hundreds (Rs 200) you can file the return sitting abroad , then you can get back 12k , good deal I would say

]]> By: Raj Pigurhttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36588 Raj Pigur Tue, 07 Feb 2012 23:25:32 +0000 http://www.jagoinvestor.com/?p=811#comment-36588 Hello - I worked for one month Apr-2011 in India and earning is Rs 1,62,871. Tax amount 12352 has already been deducted. Since it is well below the cutoff of Rs. 1,80,000 minimum income, DO I NEED TO FILE TAX RETURNS ? Currently I moved abroad and dont have anyone in INdia to file my return...Please advice Hello – I worked for one month Apr-2011 in India and earning is Rs 1,62,871. Tax amount 12352 has already been deducted. Since it is well below the cutoff of Rs. 1,80,000 minimum income, DO I NEED TO FILE TAX RETURNS ? Currently I moved abroad and dont have anyone in INdia to file my return…Please advice

]]> By: Ashal Jauharihttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36419 Ashal Jauhari Mon, 06 Feb 2012 11:54:58 +0000 http://www.jagoinvestor.com/?p=811#comment-36419 Dear Sylvestor, do you want to say that till date you have never filed a tax return? Please confirm. Thanks Ashal Dear Sylvestor, do you want to say that till date you have never filed a tax return?

Please confirm.

Thanks

Ashal

]]> By: Manish Chauhanhttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36416 Manish Chauhan Mon, 06 Feb 2012 11:25:08 +0000 http://www.jagoinvestor.com/?p=811#comment-36416 Sylvestor Filing of tax returns is mandatory as per law , you might not get caught , but the issue is tomm if you apply for any loan or further when you file the returns you might need previous tax filing references . So better do it now ,, catch a CA for this now . as its too later from your side Manish Sylvestor

Filing of tax returns is mandatory as per law , you might not get caught , but the issue is tomm if you apply for any loan or further when you file the returns you might need previous tax filing references . So better do it now ,, catch a CA for this now . as its too later from your side

Manish

]]> By: Sylvesterhttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36380 Sylvester Mon, 06 Feb 2012 06:05:40 +0000 http://www.jagoinvestor.com/?p=811#comment-36380 Dear Mr. Manish / Rishab I had a query relating to filling of Tax returns. I was working in Mumbai from 2007-2010. Since I joined in the month of Aug I was under the Taxable income limit in the FY 2007-08. However I for the FY 2008-09 and 2009-10, tax on Income from Salary was deducted at source for which i have the Form 16 as proof of tax paid. Since i had no other source of Income i did not file Tax returns for the 2 financial years. Also in mid Aug 2010 i left from India and have been working outside India since 2010. My company during final settlement also deducted a portion of Tax on salary for the period of April to Aug. Keeping in mind the scenario i wanted to know if filling of Tax returns is required since i havent yet filed any returns inspite of having my Form 16 as proof of tax paid. Your suggestion on this would be appreciated. Thanks. Dear Mr. Manish / Rishab

I had a query relating to filling of Tax returns. I was working in Mumbai from 2007-2010. Since I joined in the month of Aug I was under the Taxable income limit in the FY 2007-08. However I for the FY 2008-09 and 2009-10, tax on Income from Salary was deducted at source for which i have the Form 16 as proof of tax paid. Since i had no other source of Income i did not file Tax returns for the 2 financial years. Also in mid Aug 2010 i left from India and have been working outside India since 2010. My company during final settlement also deducted a portion of Tax on salary for the period of April to Aug. Keeping in mind the scenario i wanted to know if filling of Tax returns is required since i havent yet filed any returns inspite of having my Form 16 as proof of tax paid. Your suggestion on this would be appreciated.

Thanks.

]]> By: Ashal Jauharihttp://www.jagoinvestor.com/2010/01/how-to-miss-your-income-tax-returns-itr-deadline-and-still-enjoy.html#comment-36274 Ashal Jauhari Fri, 03 Feb 2012 19:19:16 +0000 http://www.jagoinvestor.com/?p=811#comment-36274 Dear Shekhar, as the money is to be used for paying off the education loan & not for investments & thus the question of earning any income from the investments does not arise. Hence the clubbing provisions 'll not be applicable to you & money 'll not be the taxable income of your wife. Thanks Ashal Dear Shekhar, as the money is to be used for paying off the education loan & not for investments & thus the question of earning any income from the investments does not arise. Hence the clubbing provisions ‘ll not be applicable to you & money ‘ll not be the taxable income of your wife.

Thanks

Ashal

]]>