Dear all,

I have purchased a house property in the current year by taking home loan and i have paid stamp duty of Rs.50000 and registration fees of Rs.10000.Now the question is can I claim deduction u/s 80C for principal paid on home loan,stamp duty and registration fees paid.
For e.g. If I have paid a sum of Rs.20000 for Principal then Can I claim total deduction of Rs.80000 u/s 80C (20000 Principal of Home loan + 50000 for Stamp duty +10000 for registration fees.

Capital Gain is not Attracted if all the conditions of Sec47(xiii) are satisfied. That is when an existing partnership firm is succeeded by a new company.
But if an already existing partnership firm is merged with an already "EXISTING Company", then will Sec47(xiii) be applicable?
If yes what will be the tax implications?
If no, then what will be the tax implications?

Dear Experts,

Please let me know about:
1.u/s 10 in form 16, salary certificate

2.the payment of LIC maximum 20% sum assured u/s 80C deduction

I lived in a rented accomodation from april to november 2011.In the meanwhile i have taken loan from bank for purchasing a house but didn't shift in that house due to some renovation.My company is giving me interest subsidy from may 2011 for that loan

Can i claim the Hra exemption as well as interest exemption under income from house property .

Dear Sir/Mam

I need calculator which will calculate interest of fixed deposit fetch during financial year .

example

10,000 deposit on 10.5.2011 for 5 year @ 10% compounded qlty.

interest fetch during
10.5.2011-31.03.2011
01.4.2012-31.03.2013
01.4.2013-31.03.2014
01.4.2014-31.03.2015
01.4.2015-31.03.2016
01.4.2016-10.05.2016

Above is just example but i need calculator for any universal problem like above fd.

Thanks in advance

What is the limit u/s 80D for contribution towards parents health insurance policy who is senior citizen(65 years)

Could any body suggest with immediate effect.

Thanks & regards

can anyone tell me whether donation given by director of the company is deductible under income tax ?

sir,
IT DEPTT.DISALLOW COMMISION PAID BY ME TO MY DELARS.& TOLD TO DEPOSIT THAT AMMOUNT. NOW I FILED APPEAL AGAINST DISALLOW TO CIT WITHIN ONE MONTH & COPY GIVEN TO IT OFFICE. BUT NOW IT DEPTT FORCING ME TO DEPOSIT THE DISWALLOW AMMOUNT.SUGGEST ME WHWT TO DO,OR IS IT POSSIBLE TO DEPOSIT AFTER THE APPEAL RESULT.
ANIL DHAWAN

Hi,

I need a CA to help me with tax declaration/filing/savings for the following types of income:

[1] Income from salary
[2] Income from sale of Restricted Stock Units (US based)
[3] Income from other sources (part time business)

I need a CA who can help me in Bangalore.
Please let me know the annual fees as well.

Thanks,
-HB

A DIRECTOR OF A COMPANY TOOK LOAN ON HIS FLAT IN HIS NAME AND INFUSED THE FUNDS IN COMPANY.HE ADJUSTED THE INTEREST ON ABOVE LOAN TAKEN AGAINST HIS INTEREST INCOME ON FDRS.
HE TOOK THE LOAN IN HIS NAME TO SAVE THE INTEREST OF COMPANY AS HE GOT THE LOAN AT CHEAPER RATE IN HIS NAME.
IS THIS DEDUCTION OF INTEREST IS PERMISSIBLE U/S 57 OF INCOME TAX ?
PLS SUGGEST WITH CASE LAW IF ANY.
THANKS