We have got possession of our house in FY 2012. To calculate income from house property we have made a calculation sheet indicating Rent Received, Interest Paid for FY 2012-13, FY. 2013-14 and Total Interest paid in pre-construction period. We have divided pre-construction period interest in 5 parts and now we are calculating income from house property as: Income= (Rent-30% of Rent) +Interest Paid to Bank in Current FY + one fifth of pre-construction period interest. This total we are claiming in ITR-2 as income from house property. As there is no provision to attach any paper with ITR, is our method of filing return is in order?

Dear Experts,

Plz guide me,
I m a CA Final student, i have appeared May 2014 Exam. I want to do M.Com from Mumbai University (external) and LLB too. I have heard that a student cannot opt for two degrees from the same University.

Kindly advice what is beneficial for me with CA degree? M. Com or LLB.? Please guide urgently as i have few days left for registration.

hello every one.can u people help to buy best books for ca ipcc,i want 2 authors for each subject

a.Can NRI claim Basic Exemption Limit
b. Can he avail Chapter VI A Deductions

how to claim the tds deducted by bank of an assesee whose return is not filed as his incone does not exceed taxation limit?which itr to be filed ?

Mr. A got a property through his father's will made in 1984. Further, a family settlement was executed in 1996 among Mr. A's family members in which the property was formally declared as Mr. A's property. Mr. A sold the property in FY 2014-15. Query : Can Mr. A get the benefit of cost indexation? Since it was an inherited property there was no cost incurred by Mr. A. Also, cost of acquisition is not available for the previous owner (Mr. A's father). Which year should be considered as the year of acquisition of the property for Mr. A

Respected experts,
I got form 16 from my employer recently.

In it my employer has not taken sec10 exemptions namely conveyance of 9600 and for Leave encashment which i got at the time of my resignation

Can i take now conveyance and leave encashment and HRA exemptions?

Will there be any problems if i did't take which is in FOrm 16?

Awaiting for your reply.....

i have received on bill from house keeping and made entry for the above inv as below


debit expense
debit service tax 12.36

credit vendor
credit tds 2%
debit vendor

anyone can explain how account are effecting in prfit loss account and blance and explain each account how affeted in financel statment

Sir,
Can you Pls. Conform me whether a Cost Accountant do Tax Audit U/s-44AB or not.


Thanks.

Sir, I want to ask that Post office Rd A/c Interest is Taxable or Exempt

If Taxable than If in Last 4 year Interest is not calculated in income and at the time of Maturity during f.y whole interst will be calculated or only differece interst during f.y