Hope you are doing well. I have a query for which I have mixed answers. I want to understand the correct thing from an expert like you. Here goes:

If I sell a property (no possession yet, no registry) can I adjust interest paid on home loan against the premium gained? For example, if I get 10 lac premium on selling my property (cost:80 lac, sold at: 90lac, for example) and in this period, if I have paid 5 lac as interest on home loan, will the short term capital gain be 5 lac or 10 lac? Note the property is not 3 years old.

Another question is, if the possession is not provided by the builder, how does one calculate the number of years of acquisition of the property? For example, if I bought my property in June 2011, will I get exemption from short term capital gain after June 2014 even though the builder hasn't offered possession at the time?

A Homeopath Doctor examines patients and sells medicines. He does not chargess fee but all the patients have to purchase medicine from his clinic.he also sells to other wholesellers and retailers.
What taxes are required to be paid ?

SIR MY CLIENT GOT THE NOTICE U/S 143(2),,,,,,,what should our respond of such notice.....and at the time of attending offce of AO which documents i should carry with

Respected Sir,

I have completed my articles of 1 year and 2 months as on the date and i have completed my IPCC both groups. I have registered for CWA Inter and have got the permission from ICAI institute by submitting the prescribed form.
My doubts are
1)Am i eligible for industrial training after completing 2 years of article training along with CWA ?
2)In general i am eligible to write my CA final in MAY 2015. Can i write during my CA Final exams during Industrial training if i am eligible to do industrial training ?
3)During articleship we are eligible to do one additional course.Does industrial training comes under additional course or is it a substitute of articleship?

I am doing a reconciliation of creditors as at 31st Dec,2013. I am taking our company's book balance as at 31st dec,2013 but is it necessary to have supplier statement also from them as at 31st dec,13 because if i will not receive the statement from supplier as at 31st dec,13 but may be before date from there also I can retrieve our balance as at 31st dec,13.

Return of my father was filed in July 2013 for AY 2013-14. In 26AS TDS was showing as Rs.7615 and accordingly claimed in ITR. The utility was showing refund of Rs.5150. But his account is showing tax credit mismatch stating that in 26AS amount is Rs.1834 but 26AS is showing Rs.7615 as claimed in ITR.His ITR too not processed yet. what to do??????

I am doing Articleship now, want to know about format of audit report of small firms

I have registered under Direct Entry Scheme. I want to know whether Multiple Transfers are allowed in 1st year of Article Ship or Not? Pls Reply its very Urgent

I have paid(Online Payment Through Axis Bank) tds under section 194C by mistaked , i have collected tds under section 194J, now i what do for correction this mistake ?
plz give me solution

Sir,

We had purchased raw materials within India and paying excise duty. At the time of export we have prepared export documents along with ARE1. After exporting we have claim excise duty refund from excise authority. My question is can we claim DUTY DRAW BACK benefit also for exported goods. Please confirm sir