Hi,

Please guide me in calculating Income From House Property in the following scenario ---

Mr. X is living in his own house in Pune. He is having one more house in Nasik. The house in Nasik is not let out [ used by him for vactions and family functions ]. In this case will the house in Nasik will be deemed to be let out and chargeable on notional basis?

QUERY 1 :- If rent is paid for Auditorium of MCF (Municipal corporation of Faridabad ), then TDS is required to be deducted or not. As MCF is an local authority but he is not providing any certificate about their tax exempt status under clause (20) or (20A) of section 10.


QUERY 2 :- If there is leasehold land of 99 years with assesse and assesse buildup two separate building on that land and given on Rent with two separate agreement of both building and as well as two separate agreement of amenities of that building are prepared, Cost of amenities includes in cost of building. Amenities include Air conditioning etc.
Now the question is that in which head , income is taxable and depreciation on building is allowed or not , as cost of amenities can not be segregated from cost of building.

Assessee shows all rental income from building as well as from amentities on Profity and loss a/c and claim depreciation on complete cost of Building . Is it correct or not.

HI,
I AM REGISTERED UNDER CA FIRM OR MY TRAINING PERIOD STARTED FROM 1ST NOVEMBER 2008 AND I AM REGISTERED WITH INSTITUTE ON 14TH NOV 2008,SO I WANT TO KNOW WILL I ELIGIBLE FOR THE (MAY 2010) PCC ATTEMPT AND HOW MUCH HOLIDAYS I CAN TAKE BETWEEN THESE PERIOD.

PLZ INFORM ME AS SOON AS U CAN.

please,anyone send me the details regarding detailed information of TDS provisions and computation?

regarding Donations, How Much assesse can donate the amount. is there any limit to donate. For Ex. One of Our Employee getting annual CTC of Rs.25 Lac. Can he can donate upto 3Lac. Please guide/explian me.

PL ADVISE IF A NON-SHAREHOLDER FULL TIME DIRECTOR in a private ltd. co CAN BE HELD RESPONSIBLE AND PROCEEDED AGAINST IN THE COURT OF LAW FOR ANY IRREGULARITY COMMITED IN THE COMPANY AT THE INSTANCE OF OR BY THE CHAIRMAN BE IT FINANCIAL OR OTHERWISE WHEN THIS N/S DIRECTOR SIGNS ALL DOCUMENTS CREATED DURING THE NORMAL COURSE OF BUSINESS AND WORKS AS A GENERAL ADMINISTRATOR BUT DOES NOT OPERATE THE BANKING ACCOUNTS AND DOES NOT TAKE OTHER FINANCIAL DECISIONS.

Hi,

This is naresh i am a software engineer and now i want to become a CA. can anybody tell me is is possible or not ?

if possible what is that i have to do ?

i am ready to leave my job also for becoming CA. I also want to know what is the duration from now that i can complete CA.

please answer my query .

My client has made sales during April 08. CST was paid on the same. However in Dec 08, the customer has returned the material.Can the client get refund of CST or can he adjust the cst on returns against subsequent CST liability?

If conveynance and any other expenditure reimbursed to consultant of a company,is there is any requirement of TDS on that conveynance amount ?? . Please advse me.

Are there any limitation for giving loans by a privare limited company. I have heard that if loans exceed by 50% of paid up capital it is regarded as NBFC. Please Heip