Exemption under section 54 is available whether sale deed is not register.

I like to know the tax implication regarding interest charged by the bank against overdraft to be taken by me against 3yrs fixed deposit jointly in the name of my father & mother ( senior citizen ) & me also. The interest from the Bank is receivable in the name of the 1st holder that is my father. Now I want to take an overdraft from the Bank and deposit the same as further capital introduction in my Partnership business which will yield an interest of 12% per yr.on the fresh capital. The interest accrued from the fresh capital introduced will be under the taxable income of my individual I T file but will the taxable income be reduced by the interest charged by the bank against the Overdraft in my I. T. File ? Further more my Father & Mother are not the partners of our Partnership firm. Please Advise.

can any have ICWAI foundaion postal apllicable for december 2013 exams.plz mail me at skedia77@rediffmail.com

I want to register one of my client as legal heir of his deceased wife to file her return of Income . One of the requirement of the portal for registration is to submit Legal Heir certificate

Can any one tell me what type of certificate is required ? Is it probate ? If there is no probate is there any other certificate that we can submit ?

I have a doubt regarding Depreciation calcuation under Straight line basis..
Asset cost as on 1.4.12 - rs 5000
Accumalated Dep as on 1.4.12 - rs 4500
Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??

Thank you

For the assessment year 2009-10 the client has not deducted TDS for some payments. The department sent a notice disallowing the total expenditure u/s 40ia of IT Act.
Is there a way for countering the situation?
Any views or suggestion...

Dear sir

i want to know what documents are to be taken to assessing officer when he has given notice u/s 142.

The assessee is non resident and own a shop (long term asset) which he intents to sell. The long term gains are Rs 30 lacs. He intends to take benefit of section 54 F or 54 EC. What is the procedure of Certificate for low deduction of TDS.
Thanks

Mr .Sahu , a government
employee and citizen of
india ,was sent to london on
official duty ,on 01 -06 -2011 . He
stayed there upto
31 -01 -2012 .Salary and
allowance drawn by him during
this period are : 4 months salary
in india Rs. 200000,8 months
salary in London
Rs. 360000, overseas allowance
Rs. 240000, free residence in
London( Rent Rs.40000 per
month for 8 months)Rs .320000
he has house property situated
in Delhi which is self
occupied. during his stay in
london his wife and children
were staying in this property
thriughout previous year. Fair
rental value of house is
Rs. 56000, he has paid Rs. 6000
as municipal taxes and Rs.2000
as ground rent during the
year .He received dividend from
indian company RS.2200 , he has
donated sum of RS.60000 to
institution to which section 80 G
is applicable . Compute his total
income for assessment year
2012 - 2013

WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN

IT IS DOUBLE BENEFIT,BECAUSE PO SB INTEREST IS EXEMPT UPTO 3500 AND ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA?