Can deduction under section 80C allowable on housing loan interest as the person having loan is paying interest continously and dont have possession after two years. Should I give him the benefit U/s 80c or it will be applicable after two years

Thanks

Ragards
Rajesh

dear sir,
please guide me important forms and format for audit of trust which is situated at gujarat.
it is not approve under 80G so no it return file

is managing director employee of the company?

u/s 115wb(2)(h) will the expenditure incurred by the company owned by it come under fbt?

author : Jiju Oommen
Posted On : 9/1/2008 10:37:20 PM
Cash expenses exceeding Rs.20,000 are disaalowed.
But if a party gives the some amount as advance to another person by maintaining an account, say Adavance to Gopal, and if authorises that person for such expenses what is the applicability of the Section.
Act says only about expenses...
whether such advances are covered under this act.

Answer : NO.

Cash expenses exceeding Rs.20,000 are disaalowed.
But if a party gives the some amount as advance to another person by maintaining an account, say Adavance to Gopal, and if authorises that person for such expenses what is the applicability of the Section.
Act says only about expenses...
whether such advances are covered under this act.

please clarify the following

whether the following persons are relatives as per the definition of sec 2[41] of the it act

1. fathers younger brother's wife
2. Sister Son

What is the difference between deferred tax asset and deferred tax liability.
Can any one tell me how to calculate deferred tax liability and how to create a provision for deferred tax in the financial statements.

If a loan is taken on a house property and the loan is opened jointly in the name of more persons then who can claim deduction of interest on housing loan. Also who can claim principal amount as deduction.
What will be the sitution if the propety has co-ownership of two or more persons.

Any body

tell me about taxation of School run under society.

Is school income tax free??

What is procedure to enjoy tax free income ??

Under which section this will exempt ??

Sir,

please clarify whether "Leased line chrges for lines used(owned by BSNL) for data transmition by a company to BSNL comes under perview of TDS under IT ACT.

If yes under what section


yours faithfully

G RAMESH BABU