Hi,

I am Santhosh S. Auditor & Tax consultant, One of my client paying loan principal Rs.2 lakhs and interest Rs.2 laksh against self occupied housing loan. Housing loan in the name of X (husban) & Y (wife) name but the property in the in the name of Y. Loan repayment is going form Y account. Y already having investment Rs.1 lack that she can clime u/s. 80c.
My question is shall I clime principal Rs.1 lac u/s 80c and U/s 24 Rs.1.5 lac in X account.
Please advice,

Please resolve the query -- I had bought a flat in 2004 for 25 lakhs that I sold off in June 2008 for 45 lakhs. In the Meanwhile I had booked a independent house in Feb 2006 for 65 lakhs for which I pay EMI with 7.5 lakhs as interest per year and 2.5 lakhs as principal repayment. This property was registered jointly in my name and my wife's name in April 2008. I have further invested ~10 lakhs in the interiors of this house in the past 1 year.
Assuming I made 20 lakhs as long term capital gains from the sale of my flat, can I nullify the same against the 10 lakhs I have spent on interiors and the EMI that I pay for my new house?

Dear Sir,
I am working in a limited company, recently (i,e 24.06.2009)our company change the name, what are the procedure to inform all department and also in which name i am going to file my TDS Q1 return.
kindly suggest me.

Thanking you,
Regards,
Ashish

my friend is filling his first return for PY 2008-09. He is working in chennai but TDS deducted & remitted from HO (delhi). His native is one of the district (Koppal) of the Karnataka state. Now his confusion is, where i has to file a return and under which jurisdiction.
and I want know provisions relating to first return

-Which limit is to be seen for 44AB for the carpentor who is only doing job works and/or have also thier showroom for furniture?
10,00,000 or 40,00,000

-whether they r professionals?

-Gross receipt and Sales both words are there in both creteria?

- profession includes vocation is also there but no patricular defination is there for profession.

Dear Sir,


i want to file IT Return for the Assessement year 2009-10 through E-Return, What the procedure and website address.

When we have to submit orginial TDS certificate and other documents u/s 80 to income tax.

Sir,
is the filing of DIN 2 & 3 is mandatory.if i have a DIN no. & i want to become a director of a company. can the company file the form 32 without filing the DIN 2 & 3.

What is EEFC A/c? What purpose does it serves? How to proceed during the course of Audit in case of EEFC A/c in a Company?

Hi

We have to include additional services to the MOA which are left out earlier. Anyone please advice me what is the procedure and steps to amend the MOA. Please send your reply to pramod.venkatesh.murthy@gmail.com

Thanks.

Any one suggets me , can i file the return of minor. The sources of income is gifted income.