My client have taken loan in 2010-11 for purchase of flat. Its possession is handed in march 2017. total int upto 31.3.2016 is 11,15,931. Interest for fy 31.03.2017 is 1,48,425. I have doubt that possession is more than 5 years from date of loan so will he not be allowed deduction of 200000? and does limit of possession within 5 years of loan is also applicable on pre construction interest also. Please guide in detail about taxability...

What are these two terms I.e Kaccha aaratiya and Pacca aaratiya means ? w.r.t to section 40A(3).

h for scoring exemption if i m second attempt student of ca fina?

One of our client is providing transportation services to general public (pick up and drop from one place to other). Kindly provide the applicability of service tax and clarify if any abatement is applicable or not

Hi Expert,
i am salary person as well as i am partner of one partnership firm and getting partner remuneration from there, my query is as follows:
1) which ITR need to be filed
2) under which head show that income (i.e.partner remuneration)
3) if that income shows under income from Business and profession then where need to be show in ITR.

Kindly suggest as i have to file my previous year return.
Thanks & Regards

tds is dedicated by individuals/HUF if they are covered u/s 44AB in the previous financial year. but if an individual covered under 44AB in the f y say 2013/14 tds is deducted in fy 2024/15; but if same individuals is out of the ambit of sections 44AB in fy 2015/16 March ended 2016. whether tds is required to be deducted in fy 2016/17.

When a person gifts a house to major son how is the house shown in the donor s income tax return

TIA

Hi Expert,
i am salary person as well as i am partner of one partnership firm and getting partner remuneration from there, my query is as follows:
1) which ITR need to be filed
2) under which head show that income (i.e.partner remuneration)
3) if that income shows under income from Business and profession then where need to be show in ITR.

Kindly suggest as i have to file my previous year return.
Thanks & Regards

WE HAVE A CUSTOMER BY NAME.. PAWAN KUMAR VIG. HE HAS OPENED AN ACCOUNT IN THE NAME OF NAKUL TEXTILES PROPRIETOR PAWAN KUMAR VIG (HUF). NOW I WANT TO KNOW WHETHER THE PAN CARD SHOULD BE IN THE NAME OF PAWAN KUMAR VIG HUF OR NAKUL TEXTLES HUF???

an assessee has got amount from government on behalf of job of his father, as assessee was not able to go to duty due to physical disability.

is the amount taxable ?