Earth quake in whole north india..
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Topics - rajinder26
« on: March 05, 2015, 08:25:24 PM »
Employees would have to show income from Agriculture in their IT returns
Chandigarh, March 5, 2015: The Punjab Vigilance Department today cautioned all employees/ officers of government department to properly show the income being received by them from agriculture in their income tax returns.
According to spokesperson of Vigilance Department it has been noticed that employees/officers were not following instructions in these regards. He clarified that according to income tax act, income received by employee/officer was not exempted from income tax as these exemption available only to those who are in agriculture profession fully and were not in other vocation/ employment. He said that for the government servant income from agriculture has to be included in their salaries and would be classified as standard deduction. He said that for calculating tax income from agriculture has to be included in the gross salary. He said that this law is applicable to all who are in government or private service.
Clarifying further that in the case of disproportionate income offence under anti corruption act, section 13(1) (e) only that income is considered is legal income which is thorough legal sources and that has been declared in writing under law, rules by concerned employee/officer. Under this act only that income would be considered income from known sources which has been declared by government servant to his department and shown in income tax returns. Failure to do this would amount to concealment of income and legally it would not be liable to be included in the income.
The spokesperson that some government servant were not showing income from agriculture in their income tax returns citing a logic that this income was tax free. He said that it was imperative for all government servant to show all kind of returns in their property or income tax returns whether these income were eligible form exemption or not. He said that instruction have been issued to all heads of the department to inform their employees to include agriculture income in their gross income otherwise it would deem to be considered as concealed income.
How to upload / fill 24Q statement on tax website (online)? Plz if any body know all steps & software plz upload it.
We (every one) have to give 350 per Quarterly to CA means 1500(aprox.) per year. How to upload it without CA help...
Now once again Edu.Department the U Turn
Now its depend upon heads ke CF tuo Clerk work lena hai ki nahi?
As we know that they (Heads) r not in our favor in most cases
Respected all members,
Plz advice us abt house loan & loan to buy plot. What is process, abt bank, bank interest, ?
1. If we are going to buy house (RS. 35,00000 ) ,My salary is Rs 33103 & my wife salary also Rs.33103. (33103X2=66203/month), plz tell how much loan %age provide by bank & what %age we have to pay?
2. If we are going to buy plot (RS. 17,00000 ) + House loan (16,00000) , plz tell how much loan %age provide by bank & what %age we have to pay?
Plz guide us for this, Which bank ?
Reply it, i think this is help full for all of us.