I have question regarding home loan interest. Suppose I want to buy a house worth Rs. 100. Now there are 3 co-owners of the house. The amount will be paid as Rs 40 in cash & Rs 20 per head as home loan. Co-owner A gives Rs 30 in cash and takes Rs 20 as home loan. Whereas Co-owner B&C give Rs 5 as cash and take Rs. 20 each as home loan. So share in home loan is 20:20:20. Thereby making share in the property as 50:25:25 for A:B:C. Now what will be the tax benefit for each co-owner on the interest of the EMI.

Date of Sale-30.04.2012
Assesse-Individual
Asset-off premises
what are various options to save LTCG tax?
pl reply at the earliest.thanks

in which type of foreign payment form no. 15ca is requird to submit to the bank. and also tds is deductible for which type of payment?????

I am having a HUF account in my name. I have one son and two daughter who are legal heirs. Now i want to close my HUF account and want to transfer my all properties in HUF account to my son. So what is the procedure to do it.

pls clarify my question regarding the below case.A person doing stock trading business he got 1200000 income during a year.He also trading personally in his account and incurred loss now my doubt is can show loss in his income tax return and can deduct such loss form above loss? if not how can show above loss in his return please clarify clearly by giving example.
Thanks in advance.
Regards,
Shivateja

We have paid monthly salary/ Remuneration to our director Rs. 80,000/-. bcoz he is working director. As Per new provision applicable from 01.07.12. TDS on director remuneration is deduct u/s 194 J. In above condition can we deduct tds under 192B as a salary.

Dear Sir/ madam

we have a proerty in form of land ( declared as forest land by government ) in Faridabad, Haryana, measuring 20000 sq ft. This is a unconstructed piece of land and even doesnt have any approach road. this proerty is in our companies name which is a pvt ltd company.

ARE WE LIABLE TO PAY WEALTH TAX ON THIS PROPERTY?

AND IF WE SELL THIS PROPERTY WHAT IS AN IMPLICATION OF INCOME TAX?

DO WE HAVE TO PAY BOTH WEALTH TAX TILL WE SELL IT AND INCOME TAX ON PROFIT EARNED AT THE TIME OD SALE?

PLEASE HELP IN ANSWERING OUR QUERY

An individual is a share holder along a overseas corporate body and running a private limite company.

Now the individual has agreed buy the shares of the overseas corporate body and agreement has been entered.

Before remitting the money TDS u/s 195 is to be remitted. since the individual has no statutory obligation to get a TAN number what are the possibilities by which the amount can be transferred to the govt acct?

Is remittance of the TDS amount say 20.6% or 30.9% to the PAN of the overseas corporate body be sufficient proof of discharging provison u/s 195? (overseas corporate has a valid PAN under Indian Incom tax).

Weather Non filing of Softex Forms with STPI, debares Assessee From Claiming Exemption u/s 10B of I.T. Act?
Will it make any differance, if FOB Value certified by STPI and As Per Books of Accounts are different?

We are the importers of anti virus products, importing through email. the principals of the anti virus is USSR. But the agrement made us between india and UK, in this case what is the with holding tax on royality ?

Can you help in this regard