srinivasa reddy banda

Hello sir i have one doublt regarding income from house property area, where my colleague purchase of plot loan was taken on 23.9.2014 full and final disbursement from bank, thereafter every month EMI is paying of Rs.21938/- for land loan till date separately and subsequently Home loan was taken for construction of house on the same land first disbursement started on 14.10.2015 and and final disbursement was on 21.3.2016 by bank and construction of house also completed on 21.3.2016 , now EMI paying for Home loan is 12081/- and land loan is 21938= total of EMI paying is 34019/-per month now, whether both loans principal repayment can be taken under 80C repayment of house loans and interest paid on both loans can be taken as Under section of 24B while calculation of income from house property which was given to letout(no limt) as a Interest paid on home loan can be claimed as a loss from house property and also sir can we eligible for claim as interest paid for preconstruction period from the purchase of land 23.9.2014 to 31.3.2015,as a total interest paid on land loan for this period was 72050/-, please suggest sir.


suraj
07 July 2017 at 00:19

ca final

sir due to some unavoidable reasons i have not comoleted my gmcs 1 and i am registered as an aricle in august 2014 can i give ca final exam in nov and complete my gmcs after exam. plz suggest me


RAHUL PARIHAR
06 July 2017 at 23:52

CERSAI in case of vehicle loans

Does CERSAI charges are applicable in case of a vehicle loans sanctioned by a bank?? (As per the recent changes in CERSAI law)


NIKHIL
06 July 2017 at 23:47

Income

I have a business in which i have a tin no. and in that records my mother is proprietor but she does not do anything. I've made her proprietor because of family pressure. Now I'm going to file my ITR can i write income of that business in my itr as that business is of very small scale and I'm also a authorised signatory in that business records.


Madhura Sakkargi

Hello, one of d client is receiving rental income from immovable property of RS 1.5lac pm in d HUF A/c. Earlier I use to pay service tax @15% as d total income exceed 10lac. But as of now it's not exceeding 20lac so do I have to raise d invoice including GST. n is it necessary for me to migrate in GST.
pls do help in dis situation as it's a HUF a/c n that's d sole income in HUF.


Shailesh Nigam
06 July 2017 at 23:25

Gst composition scheme

our client was registered in UPVAT but now he have migrated in GST and also i want to go in Composition Scheme but problem in closing stock because his remaining trade closing stock as on 30.06.2017 near about 15 lacs so tell me how to sale closing stock....??? in new scheme in composition rate as per law 1% for trader or any option ???

second point is this before his trade business was Input/Output based under UP vat Act.

Last financial year 2016-17 his turn over was small so can he apply in Compounding scheme in GST Law or scheme will be applicable to next financial 2018-19


Priya Pallandu
06 July 2017 at 23:23

Pf withdrawal

Hi, I closed my pf account 4.5yrs old in September 16.Got the money credited in Feb after deducting tds of 10%. I have it reflected in my 26as. My question is how should I show it in my ITR? IOS? If under salary should I pay more tax based on my slab in addition to 10% already deducted? And if bifurcation needed for employer employee important for tax purpose. Pls help. TIA.


Sonal
06 July 2017 at 23:18

Composition scheme

If dealer makes inter state purchases and intra state sale, can he opt for composition scheme?


Guest
06 July 2017 at 20:57

income tax query

when we have to give balance sheet and p& l account details while filling itr in case of proprietorship or business other than specified one



Anonymous

One of my client taken a home loan for construction of house it admissible to appear in business balance sheet (as home loan in Liability side and Building Construction in asset side)

Is it correct?






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