Have you Lost Your PAN Card ?

Friends,

First of all Don’t panic. It is very simple to reapply it. Most of the people thinks that to apply PAN is longer process and it takes even longer when to reapplying it. But reapplication of PAN is a very simple process.

How to Get New PAN Card if Pan Card Lost? Step by Step

    * First of All If you have lost your PAN card, you need to notify the police and get an FIR from your local police station. You also need to write a letter requesting the issue of a duplicate PAN card. (for escaping from any misuse of lost or misplaced PAN Card)

    * Second You need to fill in a change request or correction form. Download

    * “You can also download a correction form from the websites of UTI Technology Services Ltd (UTITSL), National Securities Depository Ltd (NSDL), or the I-T department—‘www.utitsl.co.in’, ‘www.tin-nsdl.com’ or or you can get a hard copy from any of the branches of UTITSL and NSDL. You can easily locate your nearest centre from the websites of UTITSL, NSDL or the I-T department.”

    * Now fill out the lost PAN card information on the form. In case you don’t have the number, you can retrieve the number of the lost card from‘‘https://incometaxindiaefiling.gov.in/knowpan/knowpan.jsp’—(link) . You only need to fill your name, date of birth and your father’s name to get your lost card number.

    * Attach stamp-sized photograph along with cash 94. Submit your form at PAN application centres of UTITSL and NSDL, the addresses of which are available at the I-T department website, and you will get a new card in 15 working days.

Dedcution u/s 80 DD of Rs 50000 fully exempted or limited to actual expenses ?

Friends,

There is a provision under Income Tax Act for a deduction of Rs. 50000/- for the expenditure made on the treatment of  a dependent under Section 80 D. Here a question arises whether Deduction u/s 80 D can be claimed of Rs 50000. A.O says deduction shall be allowed only for expense for which I show proof .Is he right?

In my view , the action of A.O is not according to the provision of the Section 80DD of the I T ACT. Even a rupee you spend on dependent person for his medical treatment and maintenance , you are allowed a deduction of Rs 50000.

Section 80DD states :

“Where an assessee, being an individual or a Hindu undivided family, who is a resident in India, has, during the previous year,

(a) incurred any expenditure for the medical treatment (including nursing), training and rehabilitation of a dependant, being a person with disability; or

(b) paid or deposited any amount under a scheme framed in this behalf by the Life Insurance Corporation or any other insurer or the Administrator or the specified company subject to the conditions specified in sub-section (2) and approved by the Board in this behalf for the maintenance of a dependant, being a person with disability,

the assessee shall, in accordance with and subject to the provisions of this section, be allowed a deduction of a sum of fifty thousand rupees from his gross total income in respect of the previous year:”

Thus there is no provision in the I T Act that the claim of deuction u/s80 DD shall be subject to limitation to the extent of actual payment.

Compare it with the section 80DDB which also gives reliefs to the assessee for expense on his dependents suffering from Specific diseses . In that Section deduction is subject to limitation . Read the excerpts below :

“Where an assessee who is resident in India has, during the previous year, actually paid any amount for the medical treatment of such disease or ailment as may be specified in the rules made in this behalf by the Board

(a) for himself or a dependant, in case the assessee is an individual; or

(b) for any member of a Hindu undivided family, in case the assessee is a Hindu undivided family,

the assessee shall be allowed a deduction of the amount actually paid or a sum of forty thousand rupees, whichever is less, in respect of that previous year in which such amount was actually paid“

You make an appliaction to the A.O stating that there is no such provision and that not giving relief of Rs 50000 even if you spend Rs 100 on the dependents , shall be illegal. You will definitely win your case before appellate authorities.

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BSNL Mobile Customer care numbers

Friends

(BSNL - Private Do Not Call (PDNC)

Here are some important BSNL Customer Care Numbers

BSNL Mobile Telephone numbers of mobile customer care centers state/circle wise.

Telephone numbers of mobile customer care centers state/ circle wise are as follows:-


Andhra Pradesh--9440024365,

Chennai--9444024365,

Gujarat--9426024365,

Haryana--9416024365,

Himachal Pradesh--9418024365,

Karnataka--9448024365,

Kerala--9447024365,

Madhya Pradesh--9425024365 & 9425124365,

Maharashtra--9422024365 & 9422124365,

9869012345(MTNL)

Orissa--9437024365,

Punjab--9417024365,

Rajasthan--9414024365,

Tamilnadu--9443024365,9444024365

Uttar Pradesh(East)--9415024365,

Uttar Pradesh (West)--9412024365,

Adaman&nicobar--9434024365,

Bihar--9431024365,9431224365,

Chattisgarh--9425201234,9425201041,

jammu&kashimir--9419024365,

Jharkhand--9431124365,

Uttaranchal--9412024365,

Westbengal--9434024365,

Assam--9435024365,

Kolkata--9433024365,

Sikkim--9434024365,

Jharkhand-9431024365,

Goa--9422024365.

Additional Details

You can find the BSNL mobile customercare numbers in this page. Just want to share the good.

Deductions u/s 80 C to 80 U for Individuals for F/Y 2011-12

Friends,

(Public Provident Fund (Amendment) Scheme, 2010) 

Now its the time to finalize your Income Tax Calculations for this financial year i.e. 2010-11. Every one is planning to save tax while making some savings. Here are the details of Income Tax Sections from 80 C to  80 U with the help of these section you will find yourself easy to make calculations. The season of tax has arrived. Therefore , there is need for easy chart of all tax deduction u/s 80c to 80U for an Individual taxpayer?Under Income tax , deduction u/s 80C, 80CCC, 80CCF, 80D, 80DD, 80DDB, 80G , 80GG, 80GGA, 80GGC , 80IAB , 80IB , 80IC , 80ID ,80IE , 80JJA , 80QQB ,80RRB , 80U  are relevant to Individuals depending on the condition fulfillment. (TAX PLANNING)

The following chart of deductions will give instant and fair idea about certain deductions to individual tax payers. (section 80IAB to 80IE are not discussed which are specific to business men ) .

Sl No	Section	Details of deductions		Quantum
1	80C	General deduction for investment in PPF,PF,Life Insurance, ULIP, Stamp duty on house, Fixed deposits for 5 years , bonds etc		Maximum Rs 1 ,00,000 is allowed.Investment need not be from taxable income.
2	80CCC	Deduction in case of contribution to pension fund. However, it should be noted that surrender value or employer contribution is considered income.		Maximum is Rs 1,00,000
3	80CCD	Deduction in respect to contribution to new pension scheme. Employees of central and others are eligible.		Maximum is sum of employer’s and employee’s contribution to the maximum : 10 % of salary.
4		It should be noted that as per section 80CCE , the maximum amount of deduction which can be claimed in  aggregate of 80C ,80CCC & 80CCD is Rs 1,00,0000
5	80D	Medical insurance on self, spouse , children or  parents	Rs 15,000 for self , spouse & childrenExtra Rs 15,000 for insurance on parents. IF parents are above 65 years, extra sum should be read as Rs 20,000 Thus maximum is RS 35,000 per annum
6	80DD	For maintenance including treatment or 7insurance the lives of physical disable dependent relatives (CLICK HERE FOR MORE DETAILS)	Rs 50,000 . In case disability is severe , the amount is Rs 75,000.
7	80DDB	For medical treatment of self or relatives suffering from specified disease	Acutal amount paid to the extent of Rs 40,000. In case of patient being Sr Citizen , amount is Rs 60,000
8	80E	For interest payment on loan taken for higher studies for self or education of spouse or children. (Eligibility - Who Can Claim This)	Actual amount paid as interest and start from the financial year in which he /she starts paying interest and runs till the interest is paid in full.
9	80G	Donations to charitable institution. (Make Donations and Cut down your Tax)	100% or 50% of amount of donation made to 19 entities (National defense fund , Prime minister relief fund etc. )
10	80GG	For rent paid.	This is only for people not getting any House Rent Allowance. Maximum is Rs 2000 per month.  Rule 11B is method of computation.
11	80GGA	For donation to entities in scientific research or rural development f	Only those tax payers who have no business income can claim this deduction .Maximum is equivalent to 100 % of donation.
12	80GGC	For contribution to political parties	100 % of donations
13	80QQB	Allowed only to resident authors for royalty income for books other than text book	Royalty income or Rs 3,00,000 whichever is less.
14	80RRB	For income receipt as royalty on patents of resident individuals	Actual royalty or Rs 3,00,000 whichever is less.
15	80U	Deduction in respect of permanent physical disability including blindness to taxpayer	RS 50,000 which goes to Rs 75,000 in case taxpayer is suffering from severe disability.

And for this Financial Year a one can make Deduction 
u/s 80 CCF for Rs. 20000/- in addition to Rs. 100000 u/s 80C.  

 

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