I bought a flat which was under construction till end of 2018. We took a loan from bank. Flat is in joint name with my husband but while applying loan I was not working hence loan was sanctioned to him based on his salary slips.
Property was registered in the month of December 2018. Also the loan account was closed subsequently in the month of January 2019.
Now the property is leased out and I am receiving rent income.
What are the tax implication?
1) Whether i can avail tax benefit for interest paid on housing loan? In how many installments can i claim.
2) I am staying in rented house so whether i can claim HRA?

Can we claim input tax credit on Bill of Hotel Room rent Charges however its not for food & beverages and air travel ticket for traveling of director for the business purpose. and we are engage in the business of Real Estate Sector.

we are engage in the business of Real Estate can we claim input credit on purchase of transformer for the use of supply of electricity to the commercial and residential property.

Dear Sir,

I would like to ask what will be the date of transfer between date of agreement to sale and Sale deed. Date of Agreement to sale taken in place in the F.Y 2018-19. and sale deed taken in place in F.Y 2019-20. So at the time income tax return filing for the F.Y 2018-19 it is necessary to show this transaction. Please advise me.

I have purchased a TV and which is used for both purpose business as well as personal. Can I get ITC on such TV? How much ITC can i claimed?

My client was registered under normal tax structure of gst. We opted for composition scheme wef 1/4/19. But my client got a message that the earlier registration has been cancelled wef 30/6/17. We are yet to file return for mar-19 and then we will submit the statement of ITC (for change to composition scheme). Will I able to submit march return, now that the earlier registration has been cancelled?

How to get details about the shares in differnt company with only folio number. My father has purchased mamy shares in different different company in 1993 or may be before that and now he passed away in 2014 due to cancer.


I dont have any clue how to get access to those shares

In course of filling GSTR-1 for month of March of an assesse company, we missed to include figure of Exempted Services/Nil Rated Services.

Please advise how it can be corrected. What are the solutions available to get it corrected.

Hi,

How Principal & Interest on Housing Loan benefits under Income Tax Act if House Property is Self Occupied for Part of Financial Year & Let out for remaining Part of Financial Year

Kindly guide...

An individual is a Registered Security Services provider under CST.
(1) Effective 1.1.2019, will he have to charge GST in the invoice if supply is made to an unregistered dealer?
(2) For supply to a registered person,RCM would apply.In this case, can the supplier of security services send an invoice without charging GST?
(3) Will the supplier be required to file GSTR 1 and GSTR 3B?