my son 23, who has taken education loan will be starting to pay the loan soon, as he has started his job. he has taken two loans from psu banks for two different programmes for the education purpose.my querry is is he eligible for deduction under sec 80e (on interest) for both the loans ?

What is the effect of 'depreciation'for calculating MAT.First it is added in profit & than reduced in profit.what is it`s ultimate effect.pls explain.

my friend was doing job in bangalore, his father living in vijayawada. in vijaywada house is own and father taken loan on that property, but father was not filing return.
so, my friend elegible for deduction of interet on housing for his salary computation.
another question was raised my friend and his brother was there, he was also doing job.
so, who can elegible for deduction, this was elegible for father housing loan interest to son's personal income tax computation ? please sir

hi
can anybody please tell me how can i find the fair market value of a particular property as on 1-4-1981

Whether TDS will be applicable on Compensation paid for non allotment of space in a building and if yes then please substantiate with Legal reference

Dear Friends, I am PCC Student & going to appear for Examination in Nov'08, I am finding Income Tax as a very Hard subject, I do not remember it. Please Suggest me Study Material which is Easy for me to Understand it. Please Suggest the way to Study Its, How to do Preparation for Examination? PLEASE HELP ME

Hello Friends
Which book is good for reference of

HUF Taxation

Firm Taxation

Corporate Taxation

Capital Formation

Please inform
Thanks

hi everybody,
which assessment year is applicable for the upcoming c.a pe-2 examination in may2008?
please let me know about the changes for the assessment year 2007-08 and any new
ammendments if any,when compared with
the previous assessment year 2006-07.
thanking you.

I am PCC Student, in our firm we are using software for computation of income tax named as Taxbase,I want to know what is tax treatment of Income from Interest on PF & Interst on PPF.

My client has carried forward losses from his business of Rs.450000/-
This year he has earned a profit of Rs.150000/-He is a resident male not a senior citizen.
How much loss can be set off against his income of Rs.150000/- this year?Whether Rs.40000/- to make his tax NIL?Or Rs.150000/-? What is the position in the Act?