Hi all!!
We have recd a notice which states " assesse has claimed loss under the head Business and profession; however has not filled BS and P&L and not got the books audited." (error code 32) I have following queries:
1) If we claim loss (which we have), is it mandatory to fill complete p&L? We had filled " No accounts case" part because proper books are not maintained
2) Do we have to get the books audited?
The t/o does not crosses 60L or 1 Cr
What should be appropriate response to the notice.

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Is it compulsory to share interest on joint home loan taken for joint house property by two assessees? Whether 100% can be claimed by one assessee?

We are partnership firm, having two partners.
We have 2 land line telephone connections in the name of both the partners and the billing address (different than firm address)is their residence address.

Can we claim the above expenses.

Thanks in advance.

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