Day: February 17, 2012

Income Tax Department of Government of India (GOI) collects tax from all the citizens whose earnings cross taxable amount.  Tax is collected for every financial year (April this year to March of next year).   All the public and private sector companies operating in India, deducts certain amount of employee salary toward tax every month in the form of TDS (Tax deducted at Source).  This simplifies tax collection to be systematic.    Government of India (GOI) under Income Tax rules allows certain expenditures borne by citizens to be exempted from the tax calculations.  However, every citizen claiming exemption has to […]

RECEIPT OF HOUSE RENT (Under Section 1 (13-A) of Income Tax Act) Received a sum of Rs. ____________________________ (Rupees________________ ________________________________________________________________________ Towards the rent @____________________ per month from ___________________ to __________________ in respect of House No.____________________________ _________________________________________________ situated at ____________ (Affix Revenue Stamp of Rs.1/-) Date: Signature of the House Owner Name: Address: _____________________ Doc Formats: Rental Receipt Format Rental Receipt Format New Format that includes the House Owners PAN Card details as needed for people whose rent is above Rs. 8.5K.                                       […]