rajesh
15 March 2014 at 18:49

Life insurance premium paid by father

Hello,

If father pays the premium of Life Insurance (Rs. 75000) of her daughter who is not dependent on him, then whether the daughter can claim deduction under section 80 C of premium paid by his father?

Thanks


B.V.Vijaya Lakshmi
15 March 2014 at 18:27

House property

sir,
For the financial year 2012-13 the house property was vacant for the whole year (the property is other than self occupied property)but municipal taxes was paid for the property whether the municipal tax paid can be shown as expense for such property.

gross annual value 0
less: municipal tax (5000)
------
net annual value -5000
less: deduction u/s 24
1. 30% standard deduction 0
2. int on borrowed capital 0
-----
loss from house property -5000
-----

can be claimed or not


Sahil Bhatia

I want to ask that is there any correspondence course available for CA students want to do B.COM as well.
I have heard that IGNOU have tie up with ICAI so that CA students can complete there B.COM along with CA in a short period of time just by giving some papers ( not all).

If anything above is true and please help me with the complete knowledge....


KAMAL GANDHI
15 March 2014 at 17:08

Itr form sellection

dear sir

I have since last two years business income so I file my return by filling ITR-4

but this year I have no business income.
I have only interest and rent income during FY 2012-13

Now I want to file ITR-2 now

Please advice me that is there is any legal obligation during chageof ITR form for filing of return ??


N B SATYANARAYANA MURTY

Respected all,
One of my friend (pension holder)filed his tax return along with his co pensioners for the assessment year 2013-14 in the month June 2013,without showing his agricultural income, dividend income and S.B. interest income.But the assessment is completed in the month December 2013 and order was passed only for pension income. Now he decided to declare ag. income in assessment year 2013-14. Is it possible to file fresh return in this A.Y. 2013-14.


Moin Ali
15 March 2014 at 16:51

Ipcc

Hello Sir/Madam. I wanted to know under which stream BBM falls for IPCC registration (commerce or non-commerce) as I've scored 59% aggregate (5 semesters) and I have to register for it urgently. Can somebody help me out.


mohit singh
15 March 2014 at 16:50

Capital gain

Hello Experts,

I am doing CA Articleship.
I have one query and i had also posted this on CAclub page but no one has given me the answer till now.
Actually,sir/Madam i want to know that how will we compute capital gain in those cases where the house property is taken over by contractors for the construction of 5 floors and they incur/bear the complete cost of construction & they also give some amount to the owner of that house property and in return they normally take 2 Floors out of 5 Floors which they have constructed.

So,how will we compute capital gain on the transfer of those 2 floors and how will we treat that amount which they give to the owner of that house property?

So,can u please explain me the different aspects of this case!

I will be very very thankful to you.


Imran sama
15 March 2014 at 16:47

Reverse charge

If Educational Institution (University) is service reciever and Service provider is Police Department giving " Security Service " then who is liable to pay service tax on service received ....????
Will reverse charge mechanism apply to this situation ....???


bhargavi
15 March 2014 at 16:12

Audit

1.Are there any rules restricting investment in Fixed deposits out of funds received from Government??
2.Can unsettled balance in PF Account invested in Fixed deposits??
3.Can Rent amount accumulated be invested in Fixed deposits,any rules for restrictions?



Anonymous
15 March 2014 at 16:10

Expemtion under sec 54b

Agricultural land sold in FY 10-11 Advance Received in FY 10-11 from that advance One agricultural land purchased on FY 10-11 and registry has been made on FY 10-11 but the registry for the land which is sold on FY 10-11 made on FY 11-12. Can expemtion can be claimed for the purchase of land on FY 10-11 u/s 54B?






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