Sir, My uncle and aunty takes a joint home loan my aunty share in loan is 50:50 and in house my aunty share is 60 amount of principal amount repyment is 65000 during the year. My aunty is a teacher and wants to claim benefit of house loan repayment. How this calculation can be made. Can she claim full amount of repayment?

Dear Experts.

There are two friends, running a tuition class under ONE premise. They want to enter into rent agreement with owner. Can it be possible to execute rent agreement by more than one tenant for single premise and pay rent equally or in any other percentage ??

My another question is,
Rent will be Rs. 3,00,000 p.a. to be paid by both equally. So whether they required to deduct TDS while making rent payment ????? As limit of TDS on rent paid is Rs. 180000 p.a., and both pay rent of Rs. 150000 individually, so TDS provision will not attract. Am I Correct on this ???

Request to resolve my query ASAP.
Thanks.

HAI SIR

MY NAME IS SAI GOPAL.M. I HAVE A CONFUSION REGARDING WHICH VALUE TO BE SHOWN IN BALACESHEET I.E. PURCHASE VALUE OR VALUE AFTER INDEXATION
FOR EXAMPLE:
1.REGISTER VALUE OF 1 ACRE RS.37500
OR
2.VALUE AFTER INDEXATION 37500*1024/351=109400

PLEASE CONFIME AS SOON AS POSSIBLE

THANKS IN ADVANCE.

please suggest in my 26 as shwos TDS and tcs amount of deduction , can i adjusted tcs from balance tds amount deduction from my salary income as a tds
ex salary income 634259
tds 53401
already deducted tds 18000
and tcs form other soure rs 3020
what is the balance tds deducted can i adjusted tcs amount against balance tds deductable please

Gud morning We all know that .....HUF cannot invest in its name in ppf but the same HUF can make nvestment in its membera ppf account and avail the benefit of 80C......... My query is if member is also taking benefit of 80c in full from some other means( apart from ppf) of 80c investment... then is it possible for  huf  to invest in ppf account of that member and avail the benefit of 80c.... Please help

Sir, i have registered for CA Articleship from 15th December, 2016 & my IPCC II group result is due in Feb 2017. Also, my ca final attempt is due in May 2019.

Sir, I want to ask that If after clearing IPCC in feb 2017, i will get myself register for CA Final course, then will CA Final New syIlabus be applicable on me or not??

Dear sir
please let me know can i file rectification of belated return. is it allow as per income tax norms,

regards
Mukesh

To all the respected quality personality of our esteem institues, My family business is property dealing on a small scale since the new and various steps taken by government specifically in the area of property dealings,it is came to know that we can't do business of property dealing unless we form a company. in our case we approached a CA and he suggested us to form company of 20 people with equal share,now I would like to know is there any other best alternative. please suggest me in relation to property dealings how we can do?

Hello,

Let me brief about the case.

There is a developer who constructs a office building and after leasing out for 1 year he decides to sell the building with all the tenants.
What will be tax treatment of the lease income received and the sale of leased out property.


My view point:
1) For the rental income: tax Income under PGBP and claim the full depreciation on building.
2) For the sale purpose: Segregation of stamp duty value of Land & Building and charge capital gains (capital gain u/s 50 in case of building and long term capital gain in case of land to be charged) and for the amount which is received over and above the stamp duty value of land & building as Tenancy Rights (capital gain by taking COA = 0) would be charged.

Regards
Mohit Aggarwal.

Sir Please tell me how to get Service Tax certification and MSME Certification.