Hello,
I m stuck in a case. Need ur help.
A House property purchased. Payment made by husband but property is in name of his wife who is housewife. They are having 2 house properties from which they r getting rent income including the above mentioned house and they live in another house property by paying rent. Pls let me know the tax implications for filing ITR. Whether clubbing provision will apply in hands of husband? Thanx in advance
Dear CCI experts,
Greeting to you.
Can anybody help me regarding this issue.
Consideration on transfer of capital asset has been deposited in an Account under a scheme since three years.
Now I want to withdrew the amount from the account. Is the amount taxable under income tax or exempt under tax.
Pl clarify me regarding this query
Thanking in advance.
Where to show compensation for acquisition of rural agricultural land by government of India , while filing income tax return in form 4 . plz help experts.
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Answer nowDEAR SIR,
DUE TO 9 LACKS INCOME IN MY SAVING BANK ACCOUNT I HAVE RS 35380 INTEREST INCOME. DUE TO WHICH I AM GETTING TAX LIABILITY OF 3000 APPROX...
IF I DOESNT FILE RS 10000 INTEREST INCOME WHILE PREPARING RETURN FOR AY- 16-17, THEN I CAN AVOIDE TAX OF THIS RS 3000..
I KNOW THAT IS NOT A RIGHT WAY TO DO THAT TO AVOIDE TAX. BUT ACCORDING TO YOUR PAST EXPERIENCE DO INCOMTAX DEPARTMENT GO THAT DEEP TO FIND OUT MY EXACT INTEREST INCOME...I WANT TO BYEPASS THAT YEAR WHITOUT PAYING TAX...
THANX.
Sir,
please please clarify one thing that salary person has home loan for which principal amount is paid Rs 400000 and interest is paid nearly about Rs 2lak ,so whether the person get deduction u/s 80c for this principal and interest or not.
please make my confusion clear.
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Clubbing of income in case of husband & wife