An assesee who settle his housing loan and paid final settlement alongwith interest in previous year, then what he can claim full amount of settlement which is more than one lac for taking deduction u/s sec 80C

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What is the quantum of deduction that would be allowable under the Income tax Act on a flat the construction of which was completed during September 2007 and possession handed over in October 2007? Whether full deduction is available? Is there any CBDT circular in this regard?

an assessee has a long term capital gains on ornaments..he has short term loss on shares for the same assessment year...can it be set off even if the return is file after due date......

Increment for the month of Jan-Mar'08 will be received in the month of Apr'08.

Plz clarify it will be taxeble in which assessment year i.e. 2007-08 or 2008-09.


Thanks,

why 30% standard deduction u/s 24(a) in case of unrealised rent is not allowed.

We are planning Tax Clinic across India and looking for volunteer in all major cities. Would you be interested to work for the same. This will be during April to July 2008 and volunteers will be adequately rewarded. If you think you can , mail me at gandhiji@vsnl.com your name, email, dates of availability, your city and any other special skills you posses. Cheers

Please tell me that weather the indexation is applicable on the sale of foreign capital assets in india.

Hello EXPERTS,
ABC Pvt Ltd place a order for supply of kitchen equipment. As per payment terms of P.O.
Ex work amt 2987010
Exice duty 149351

sub total 3136361

sale tax 3% on 3136361 94091
Installation charges (Included)

Order Value 3230452

Installation of system will be carried out at cost included in above costso it is composite contract.

Now my query is that wether TDS will be done as it is composite order including installation i.e TDS will be done
OR
TDS will not be done as Sales tax is leived on sub total amount

A PERSON EARN SALARY FROM PRIVET
WHEN HE WANT TO SUBMIT A RETURN THE CA
CHARGED FEES OF RS 1000/-
WHETHER THE ABOVE FEES ARE DEDUCTABLE IN
HIS SALARY INCOME
THERE IS NO OTHER INCOME