makhayyum
24 July 2009 at 12:37

HRA/House propery loss

Dear All,

I have a residential house in hyderabad where my mother is staying(i'm paying principle & Interest).I stay in another area in a rented house due to my employment, but in the same city.

My question is can i claim HRA & House propery loss in my self declaration while giving to Employer.Does the employer has right under any section of IT act to reject the same.

Please clarify with case laws/sections if any.

Thanx in advance,

Regards,
Khayyum

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CA CS Bhumika Thakkar
22 July 2009 at 13:39

PPF

if PPF is going to be matured the next year..and we withdraw d 80% allowable amount this yr..den wat are the consequences ??
like is only the interest not allowed in last yr..or sumthg else too.. ??

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Ketan Inamdar
20 July 2009 at 22:54

Deemed let out property

I have two residential properties (one in my name and one in wife's)in Pune and one in Mumbai (wife's name). We live and have work places in Pune. I am showing property in my name in Pune as self-occupied. What are the options available to my wife? Can I and wife show seperate properties in Pune as self-occupied? Can my wife show property in Mumbai as self-occupied?
Will it make any difference to show property in Mumbai Vs in Pune as deemed let-out property?

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vivek khandor

let say opening wdv of an asset is 10000/- depreciation as per it act rs 1000/- out of which 500/- rs of depreciation is disallowed bcoz of personal use than what will be the opening wdv of an asset in next year as per income tax and what will be allowable depreciation in next yaer. assume depreciation rate is 10% on wdv. is there any impact of section 43 (6) on the above?

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VIVEK

The Partnership firm is being dissolved due to the death of a partner. what are the further steps to be taken to dissolve it.what all related formalities are reqired to be undertaken.

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CA sanket shah
18 July 2009 at 16:57

tds + head of income

1)
sir i want 2 ask that a person is dealing in selling of software online and all transacion of money are also online then it is businesss or profession
2)
if server rent is paid
tds will be deducted under which category?

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deepak
18 July 2009 at 16:15

ded.

in which sec. i can got ded. of housing loan repayment and hra???

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Anup Agrawal

Interest of home loan is included in Cost of acquisition in Calculating of Capital gain

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Akhilesh
18 July 2009 at 15:04

Decodation of PAN

Can any one tell me how to decode the PAN, i have can decode only 1 character e.g AJPPD4890D.5th character is 1st alphabate of your Surname in case of individual & in any other case 1st character of firm/co name.

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Ankit

I have Form 16 for last year which does not have any deduction as my Income did not cross the limit.Can I file ITR? Also, what will be the benefits of filing ITR then?

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