SIR/MADAM,
HOW TO TREAT THE HOUSING LOAN - BOTH THE REPAYMENT OF CAPITAL AND INTEREST, IN CASE THERE IS A CO OWNERSHIP (BOTH THE APARTMENT AND LOAN ARE IN THE NAMES OF BOTH THE OWNERS)? CAN BOTH THE OWNERS ENJOY 50% OF EACH FROM THE TOTAL REPAYMENT OF LOAN CAPITAL AND LOAN INTEREST WHILE COMPUTING THE IT REBATE IN THEIR RESPECTIVE ITR FORMS? OR ONLY ONE OF THE TWO OWNERS CAN BE GIVEN IT CONCESSIONS?
I WOULD BE GRATEFUL IF SOMEONE CAN CLARIFY ON THIS SUBJECT.
- K. SURESH

We are a GTA register under GST and provider the vehicle for lift the material to another GTA and 2nd GTA use the vehicle for lift the material and issue consignment Note and freight paid by consignee to vehicle owner To-pay basis. This is a freight Income or rental income.

Dear Experts,
Kindly advise where the partners in partnership firm are eligible for standard deduction?(40000/-)

My client is in receipt of salary from north east & show exemption u/s 10 of Rs 3600000/- something salary.
Now my question is how to show exemption in salary return. whether I have to show full salary in salary column & than deduct exemption & in which column I have to show exemption.
or I simply show exemption of Rs.s 3600000/- in Income from exempt income.
now from AY 2018-19 we have to show salary bifurcation as per form 16 than how to show exemption u/s 10(26) in salary return & in which cloumn.

Please give urgent reply

Sirs,

I am a resident owner of an apartment in a complex of 28 apartments Chennai. The monthly maintenance charge is Rs. 1000 flat for all residents. Off and on repair works are taken up,  separate contribution made for which receipts are given by the association.. Our association is not registered . Suddenly, association has stopped issuing receipts. Do we fall under the purview of GST?. If so, what are the binding factors?  As far as I know, the limits are Rs. 7500 per month per member and annual aggregate expenses not exceeding 20 lacs, utility expenses exempted. Please clarify and oblige.

Best regards.

Plz... Can anyone tell me What is the cost for buying Winman CA ERP software and Updating cost for every year...???

Hi,
Please confirm

1)ITDS is applicable if I am purchasing a flat from NRI owner , value is more than Rs.50 Lakhs?

2) Normally TDS is calculated on what value, inluding registration charge and deposits amounts?

Sir/Ma.am,
I am a Architect Professional having gross receipts of less than 50 Lakhs during the current Financial year (F.Y. 2017-2018). I have loss for F.Y. 2016-2017 of about 9 Lakhs.

So kindly guide me whether I can claim Loss of F.Y. 2016-2017 if I opt for Presumptive Taxation under ITR - 4 during the current Year i.e. F.Y. 2017 - 2018

what is the meaning of As per 17(5)(h), goods disposed off as a gift cannot be taken as ITC

Hello, I am raising one query regarding GST on import of services. Need your help on the same.

One Indian Company has imported vessel from Korea to Gujarat. It has made payment to intermediary/broker located outside India (Singapore) who helped the company to final the deal. Is the company liable to make payment of IGST under RCM or not?