Dear Sir,

A house property is let out for 4 months and self occupied for another 8 months what amt of max deduction for interest on loan he wll get if he is paying interest app. rs.185000.wll the property b deemed to b let out and he wll get deduction of whole amt. or ded wll be calculated proportinately for interest paid?

regards

I have morethan 3 queries (industrial law,law etc).It was also urgent. I am very much disappointed by receiving no replies for my queries.Why is it so????????
COULD SOMEONE HELP ME PLSSSSSSSSSS.

ACtually i have already got selected in vinod kr n associates while talking with E n Y Is on track and when i will be with E N Y i will be registered as article somewhere else so i can not show this on my resume therefore i will have to make choice. pls suggest

what is put to use in respect of asset in income tax act?

some authors say it is as a actual use and some says as ready to use .
some give ref. to Bombay high court case ref. of dinesh chand gulabh kapoor?
i am confused .please clarify?

In form 20b (Annual return) point no. 5 c Whether extension in AGM granted No is not Accepted in my form . I fillled this form several times after fresh download.

author : B. NITYA POOJA REDDY

Posted On
08 February 2009

After feeding the entries or items under perticular units of measurement in Tally package how to change the units of measurement without deleting of earlier feeding entries or items.

Plz give solution to above



Solution given by following Expert

Expert : CA. B.SRINIVASULU-9900212240

Posted On
08 February 2009


step 1 : Creat the new units which you want.

Setp 2 : Go to alteration

Step 3 : Open old one where you want corrections.

Setp 4 : Correct the same by using the cursor.

Step 5 : Come out of tally

Step 6 : Again open tally changes would have taken place.


CONTINUATION FOR REPLY


author : B. NITYA POOJA REDDY

Posted On
08 February 2009

The above process which u have told is correct. But i am giving some example for my question then u will give me answer.

My question

Item Name is: Stepler pins

I have entered this item under units of measurement "Numbers". And also passed some entries related to that item.

After that i want to change the units of measurement to that particular item as a "Boxes" inplace of "Numbers". How it is possible? If i will go to chage the units of measurement for that item "the curser will jumping the units at Stock item alteration window"

Plz give me sollution....

Example: Me has taken a loan from a Foreign bank=$10000 at that time the rate of 1 $ was Rs.45/- but now the rate has changed to Rs.50/- per $.

What are the actions that I should take in my Loan Account, Shall i revise my Loan a/c now with the present rate change?

How I should account the difference in the monthly repayments due to the present rate change?

Example: Me has taken a loan from a Foreign bank=$10000 at that time the rate of 1 $ was Rs.45/- but now the rate has changed to Rs.50/- per $.

What are the actions that I should take in my Loan Account, Shall i revise my Loan a/c now with the present rate change?

How I should account the difference in the monthly repayments due to the present rate change?

in case a business is existing And asset is purchased for expansion of existing business… as per proviso no deduction shall be allowed in respect of any amount of interest paid , In respect of capital borrowed for acquisition of a new asset for expansion of the business ( whether capitalized in books or not) and where such amount of interest paid is for the period beginning from the date on which the capital was borrowed for for acquisition till the date on which such asset is first put into use………..
Plzzz clrify this section n tell me y interest cannot be allowed when an asset is purchased for expansion,……………

For A.Y. 2009-10 what is the limit for Audit of Charitable Trust? Is it income Exceeding Rs.1,50,000/-.