Husband and Wife have taken a joint house property and have also made joint borrowings. They do not have any other property in their name and both have been claiming deduction towards interest paid on housing loan as well as ded 80CC for principal repayment.

In May 13, wife's father dies and her father's house property is transfered as per his will in the wife's name.

Can the wife still continue to claim deduction for the house property purchased and jointly held with her husband? Will the transfer of her father's property in her name affect her right to claim deduction towards self occupied house property

Dear Expert,

My Client paid Rent Up to 01-02-2013 is Rs.176000, then on 1st March, 2013 he also paid Additional Rent of Rs.22000. It Means Total Amt of Rent exceeds the TDS limit i.e. RS.180000. And My Client is Already filed the TDS Return. Now he wants to know that What Amount of Plenty/Interest,he has to be paid?
Please Quick Reply.

Thanks,
Harish Bansal

My client is a Pvt. Ltd. co. engaged in the jewellery industry. he is running below mention scheme:

1. Customer has to pay 12 installment of Rs
1000 each for 12 months

2. Co.(client)will pay 13th installment on
behalf of the customer

3. At the end of the 13th month customer
has to purchase jewellery of Rs. 13000
from his sister concern.

4. Sister concern invoice the jewellery
selected by customer to my client.

5. My client further invoice to the
customer for the jewellery selected

My query is that what are the RBI and Company law compliances, my client has to follow and whether such transactions can be treated as public deposit under aforesaid law.

Dear Sir,

One of our client have filled TDS return for quarter two which is nil, but by mistake in that we have given detail for quarter three.

Now if we want to make correction then how can we make correction ?

We have downloaded Consolidated file but can not delete challan from that consolidated file.

Please guide & reply as early as possible.

Thanking you in advance.

our company two director they get remuneration. they sign on salary muster, p.f.deduct their salary.Is their salary applicable for deduct service tax as per new rule.

Dear Sir,

I have income u/s 44 AD and income from partnership firm. I have total tax liability of Rs.54666/-.How to calculate 234B and 234C Interest ie, on the basis of total tax liability or on the basis of income from partnership firm only?

dear sir plz tell me Pvt co me form 23B kab tak upload karna hai mca ki site par or
Na karne par kya penalty hogi...,

if a company issue shares at face value which is less than its intrinsic value (fair market value), does the difference will be taxable in the hands of individual as income from other sources ??????

Sir i have planing to take transfer to my native which is 250 KM away from bangalore( present aritcleship city), with reason my parents are in my native only. is it will be the valid reason.

can it be acceptable if health condition of one parent is not good so i need to be with them.

What is the difference between Postal Ballot and Resolution by Circulation?