A son sells a SO property and His mother also sells SO property. Both has Long term capital gains. They want to purchase a new house for residential purpose in joint name (Of son and mother). Can they claim exemption U/s 54 and 54EC if they purchase new house property in joint name?

I take loan from NRI Rs.1000000/- In that I paid interest Rs.120000/- for year. In that I deduct TDS or Not? incase tds deduct please tell section in act? and howmuch percentage we deduct TDS if compulsary.

can a student who is doing CA, give NCFM exams without taking any permision from the principal or the institute.

Dear All

Can any one tell which of the following author is best for CA final preparation

1. Dinesh Madan
2. Sujatha Garg

where will i get the book, since i am in muscat can any one help me by sending the book.

Thanks in advance

Balaji Sarangarajan

what is the limit of amt for deducting TDS on it, kindly send me the details as soon as possible, thank you

How to remove an auditor of a private limited company , what steps to be followded?
1. If removed at AGM
2. If removed at EGM

Whether existing auditor has right to challange the removal as un justified?

C.A Rajib Deb

Husband was constructing Residential House Property on a piece of land registered in his name & construction of ground floor was completed. His wife agrees to pay amount for construction of second floor subject to condition that she would receive the rent which would be received from letting out the second floor of that RHP. On this condition wife gave amount to her husband by cheque.
Now what will be the tax treatment (& Tax Benefit) in both of the assessee ? (Please also state your reply along with reason & References, if any)

gift inkind received by an imdividual (suppose residential house valued more than 100 lacs) from non relative person whether covered u/s 56 sub para (vi) of the income tax act 1961, if not-
(a) how the documentation be made to avoid registry expenses twice?
(b) what format be used to show the registry with gift deed?
(c) is the assessing officer can taxable this amount in any other provisions of the income tax act 1961?

kindly send your suggestions on my email-id.
my email-id is skg_asso@rediffmail.com
sunil gupta
9312267411

today i paid rs 8000 as my first emi for the housing loan hich was sanctioned to me on 19/1/2007 for the construction of my house,of which rs 2500 is towards interest,now I would like to know that can I claim this uder the ay 2008/2009.
i.e Rs 2500 u/s 24b & rs 5500 under chapter VI A deductions.please let me know immediately.if not pls suggest me the proper solution.

Company paid upshare capital is 15 lacs

Accumulated lossed 9.5 lacs

Cash and Bank Balances 5.5 Lacs

Share holders want to withdraw the cash and bank balance.

What is the easiest option available for closing the company ?