I want to know that if i taken a home loan deduction ( for intt. and repayment)
after some time i sold my house
then what is the consequency.
plz tell me in detail

I want to know that if i taken a home loan deduction ( for intt. and repayment)
after some time i sold my house
then what is the consequency.
plz tell me in detail

A partnership firm is to be converted to company in January 08. How shall be deduction of depreciation claimed for FY 07-08?
1. Total by partnership firm
2. Total by company
3. Proportionate on no of days
4. Full by both entities

What come under the ambit of Equipments and also if the assessee is using it under contractaul basis And if the deduction is being made @15% then does it makes any difference?

that come under the ambit of Equipments and also if the assessee is using it under contractaul basis And if the deduction is being made @15% then does it makes any difference?

Dear Sir,

Could you plase elaborate if company is paying Tea/Snack Amount in the
Salary Slip to its employees per month at a fixed amount, con it be
taken that it is an expense on Food/Hospitality and co. pay FBT on it.
Thus making it Tax Free in case of employees.

Or otherwise it should be included in the Taxable Salary of the
employee ?

Pls advise the correct treatment

Regards,

MK

DEAR SIR /FRIEND

I WANT TO KONW THAT TDS SHOULD BE DEDUTED OR NOT ON INTERNET(BROADBAND) CONNECTION( NOT ON TELEPHONE LINE)FROM VSNL ( A TATA GROUP COMPANY) BILL PAYMENT/CREDIT?
PLEASE GIVE SECTION CODE AND CASE IF APPLICABLE?

Is depreciation benefit under sec 32 admissible for imported motor car?

1.Can a assessee claim both exemption u/s 10(13A)-House Rent Allowance and deduction u/s 80GG- Rent paid?

2. For claiming deduction u/s 80GG whether the place of work and the place of rent paid should be one and the same?

Whether the interest on IT Refund is taxable? If so, under which head of Income?