Facts
1. The property is in the name of Mr.X
2.The property is leased to Mr. X's company and Mr.X stays there under Lease agreement with Mrs.X
3. The Rental is paid in the name of Mrs X with Form 16A TDS deduction.
4. House property Income is assessed in the name of Mrs.X with deduction being taken for Interest on Housing loan sanctioned in Both Mr.X and Mrs.X's name.

Can the Interest on Housing loan paid be claimed by Mrs.X.

Facts
1. The property is in the name of Mr.X
2.The property is leased to Mr. X's company and Mr.X stays there under Lease agreement with Mrs.X
3. The Rental is paid in the name of Mrs X with Form 16A TDS deduction.
4. House property Income is assessed in the name of Mrs.X with deduction being taken for Interest on Housing loan sanctioned in Both Mr.X and Mrs.X's name.

Can the Interest on Housing loan paid be claimed by Mrs.X.

Is non quoting of PAN No. in Quarterly return will attract apenalty of 10,000/- only or 10000/- per case of non quoting of PAN of deductee.

Complexity of Indian Tax Laws

PLS TELL ME, WHETHER EXPENDITURE ON GUEST HOUSE RELATED TO FOOD & BEVERAGES WILL ATTRACT FBT OR NOT

REGARDS

bill received from party as contracts on that bill vat imposed 4 %, and that same bill tds will be deducted or not?

Thank you Mr.Gul for your producing the Supreme Court decision regarding 40A(3). But my query was not covered in that judgment of Sundaram Industries v.CIT. My question is to produce me the judgment in which the cash payment made on different occasions for a single bill was disallowed even though those payments were made below Rs.20000/. Please help me.

I would like to know whether the last date of filing Income Tax return of Individuals in case of refunds has been extended to 31st March, 2009? Because I have heard that this has been announced recently. Is it true?

Can anyone send me the judgment CIT v. Sundaram Industries Ltd regarding 40 A(3) disallowance for cash payments for a single bill paid on different occasions ?

Hi Guys,

This is Mohammed Ghouse, I am in CA Finals. I need a clarification on the following:

Whether Restriction stated in S. 40A(3)of IT Act is applicable on bill/invoice wise or payment wise. Supposing an expenditure of Rs. 1 lacs (covered by single bill) is paid off as Rs. 20000 each on different occasion supported by diffrent cash voucher, whether still the above said section is attracted.

Good Luck & warm reg.

Ghouse