Hello, my question is regarding Income from House property.
Suppose i stay in Thane, where i have 2 properties say A & B. Property A is self occupied & B is deemed to be let out property. I have loans on both houses (A&B). For Tax purposes it is more beneficial for me to show as Property A Deemed to be let out and Property B being Self occupied. Can i show it such a way to get tax benefits?

Current Status: Both Properties in Thane
Property A: Self occupied
Property B ; Deemed to be let out

For Income tax purpose: More beneficial
Property A: Deemed to be let out
Property B: Self Occupied

Can i adopt the second method which would be more beneficial to me???

Sir if I have short term capital gains by sale of shares as my income and I dont have any other income,then how will it be charged to tax? My 250000 limit cab be used to set off tha gain?? or how will that income be taxed taking into consideration basic exmp limit & rebate??? If I have adv tax n tds then what? please reply itz urgent. Thank you

Hello I want to join CMA Intermediate I have completed my ug in b. Com I have a confusion about joining oral or post can any one suggest me on this topic and taking both groups at at time or clearing single single group is better and I am not at topper student I am an average student please guide me and a study plan and guide for this courses.

as am doing ipcc both groups my friends,neighbors, are telling everybody clears cpt &ipcc but u will not pass CA final now I have fear dat I will fail and no use of this career plz guide me to continue or to not plz show the ways to overcome it FEAR is crushing me

mr. x has received notice u/s sec 139(9) for ay 2015-16. filed in form ITR - 4S
1.Mr.X had shown Textile Trading under 44AD - 31,50,000.00 *8%under special business
2. Other source - interest income from money lending-216000/-

now Mr X recd notice,should not file in form ITR 4S. & FILE RELEVANT FORM.

ALSO X SHOWN NATURE OF BUSINESS IN ITR
1.TRADING
2.MONEY LENDING

KINDLY SUGGEST ME.HOW TO REACT FOR REPLY.

Whats the difference between the Act and the rules??

while making repayment of buyers credit to foreign branch of Indian Bank which part of 15CA (Part A, Part B, Part C or Part d) is to be filed. Buyers credit repayment amount includes Pricipal Amount Of Buyer's Credit & Interest.

Please suugest....

Hello everyone, I have a query related to the application of depreciation on smartphones as per income tax act 1961 as we generally know that mobile phones are charged a depreciation rate of 15% (block -plant & machinery) but nowadays phones have become smart and can do the same work as of a computer...these are also taking the place of computers ..so why are they not charged depreciation rate of 60%, and why 15%  please solve my query relating to the correct depreciation rate  thanks in advance

in  case deductor does not rectify the tds return and i will fill the itr with correct salary then whether income tax send me notice? because i have fill the correct salary not a salary shown.in form 16.

can any one tell the what is annual tds return or which forms is applicable