I have a commercial property which i have rented out for 4,20,000 per annum (35,000 per month). Now, i read some report in yesterday's HINDUSTAN TIMES that 30% of rent income is deductible from tax.

Does that mean, TDS is to be applied only on 70% of the rent paid to me by a firm? OR
TDS is applicable on complete income but i can claim 30% of it back?
OR
none of the above? :)

MY FATHER IS GOVT EMPLOYEE. IN HIS SALARY TDS DEDUCTING, WHEATHER HE CAN FILE RETURN INDIVIDUALLY OR WHATEVER FILED BY EMPLOYER IS ENOUGH TO INCOME TAX RETURN OR HE ALSO FILE SEPARATELY PLEASE TELL ME SIR

when we submit return online then what is the proof before income tax authority to check that given information is right because all details are filled by us without any proof and some times pan no. also wrong..

along with income tax return any enclosures are required ? if required what are such cases?

I have passed my ca ipcc ist group exam in may 2013. and i have given the 2nd group in nov 2013. but i have not passed and i have got exemption in IT and sm.
Now I am confused i have to go for article ship or join after my advance a/c and audit exam in may 2014.

hi
My query is
An assessee has income from salary and profession in p/y 2012-13.he filed itr 4 mentioning gross receipts 90k expenses 104000(actual)and a net loss of 14000 to be carry forward .plus his income from salary was 720000.h tds was deducted 9000 and 65000 u/s 194j and 192 resp.Now a Notice under section 139(9) of Income Tax act is received from cpc banglore mentioning the return is considered defective
reasons are as below
1 14 Assessee entering negative amount in gross profit or net profit.
2 23
Where assessee furnish total of amount deducted in Sl.no.2,3,4 and 5 of Schedule BP should be
consistent with Total credits in the P and L Slno.5

so please suggest what to do?shall i make expenses nil or net profit nil

Dear sir,
Please provide me a clarification on Exemption u/s 54 - Assessee is an NR and has sold a flat (LTCA) and has constructing a house on land owned in his mother's name - is he eligible for deduction u/s 54. If not, can he enter into an agreement with his mother so as to obtain partial ownership and claim exemption u/s 54. Is there any other thing which could be done.
Thank you.

Dear Sir,
When I try to register a DSC of a Director. The systems is not showing the same even I have installed the software.How can I solve this issue.?

Normally which browser is best for filing MCA forms?

What is the meaning of self-generated assets in capital gains?
Does it refer to those assets which got generated by themselves, or those assets which were generated by the assessee himself??

And what will be the COA of a building which was self constructed by the assessee?

A co has taken service tax registration in Feb when taxable turnover was Rs 8 lacs. Now in the month of March the co want to raise a single bill of 6 lacs: 1) Whether tax applicable on 4 lacs or entire 6 lacs 2) If co hold the bill in march and raise it in April what will be the service tax implication. Pls suggest