My clients has a salary income upto 12 lacs
he Hold two residential property one use for
his resident and second is let out.150000 interest paid on res.property and 125000 interest paid on letoutr property.so How can manage to save incometax to take benifit of both interest cliam. Please give reply with details.how can house property loss adjust against salary for second house property it is either possible or not.please describe with example.

Hello,
I want to clear my doubt on topic of FCRA.
What are the tax implication on the amount received under FCRA approval by a Society registered under Societies Registration Act 1860? What must be done if balance amount is left in th FCRA bank account at the year end?

What is the nature of Income of Distributorship from Dish Tv...TDS Deducted on incentives recd...the chain is like assesse paid to Dish Tv Rs.100000 then he get balance of Rs.104000 and then he distribute it to the Retailors...atlast he retain 0.50% of total transaction or T.O.....In a year his total transaction of Rs.90,00000...how to treat that...either consider the whole 90,00000 as turnover or treat only as agent....reply urgently

Recently I had made an rectification of TDS Return of a firm. The assessee have made payment of interest on late payment which I while doing rectification added a separate column and mentioned amount in interest column and in Anexure against that challan I tagged the respective entry as per justification report with the amount and interest. After processing of that return the department raised demand on that amount which I tagged against the new challan of interest payment. Since, TDS have been paid on that amount thereby no payment of demand required. So now to vacate the demand I have to make rectification again. Therefore, while rectifying TDS return I have no option to delete the column. pls suggest to resolve this issue.

Hi

One of client sold the property in Aug-13, and before e-filing of his returns FY-13-14 he would like to open the capital gain ac to reduce the tax amount and further purchase of property in coming years.

but in that capital gain amount 25% nearly utilized to purchase of property in his spouse name. hence at present he has only 75 % nearly having capital gain funds with him.

my question is whether he can open the capital gain ac with 75% amounts or he need to be open with the 100% capital gain amount.

Please clarify.

194c of income tax act

Dear Sir,

If a Pvt Ltd co has 2 directors and both are illiterate and company pays salary to both directors then while filing the income tax returns will the clubbing provision attracts to spouse?...whether the spouse whose income is low will be clubbed with higher one?.

Please revert ASAP.

Thanks in Advance.

Rohan Agarwal.

can partner introduce capital in the firm in the form of immovable property ?
what is the tax implication ?

and when same partner retired from firm ? what is the tax implication when immovable property is taken away from firm to his individual name ?

How much Exemption can be Claimed under 80g
Do i Have to ask thier pan no

Hi friends, How to compute Tax Liability for Charitable, Religious, & Educational Truts....???