Mr X has a own house at Tirunelveli.

The rent from that house is Rs.1,500 pm.

Mr X is working in a public sector bank at Chennai and residing in a rented house and the rent is Rs. 6,500 pm.

He borrowed loan from his Bank for builing the house.

The deduction is Rs. 10,000 pa.

The interest on the borrowed capital is Rs. 1,500 pa.

Is he eligible to deduct the principal sum of Rs. 10,000 and interest Rs. 1,500 from his income?

How can he treat his rent received at Tirunelveli and rent paid at Chennai?

pls explain the incidence with respect to AY 2008-2009.....

RBI transferred all its holding of SBI shares to Govt of India.
What is the fate of SBI now?
Is it a public sector undertaking
or
a Government Company?
What is fate of its subsidiary banks?
Is there any changes in SBI Act
in this regard? pls explain.....

Whether Foreign Salary Income earned by NRI required to be disclosed in AY 2007-08 Annual Return? If yes then which Return and under what section?

In FY 2006-07, 1st 3 months i.e. April to June 2006 earned Indian salary Income and balance 9 months out of india with Foreign company. Whether Salary Income earned outside India (balance 9 months) by NRI required to be disclosed in the Annual Return (AY 2007-08)

If yes then which form and which section?

A Society is worked as NGo but not Registered U\S 12A of Income tax Act . It receive State govt. Grants for Capital Asstets on condittions that thease Assets will taken back or transferred to similiar NGO if the Society not functioning in future. whether these Grants are Capital receipts or Reveue Receipts.

Hi, i hav done with CA PE 2, can i know the list of best CA firms in Bangalore for getting into articleship?

What should be possible course of Action to reset correct status of Advance Tax since NSDL shows it a Fringe Benefit Tax considering BSR Code and Serial Number of Payment Challan.

hi,
i am icwa student. currently i am doing inter stage 2 . in stage 2 one paper is management accounting-performance management. the chapter "transfer pricing"in this paper which i am finding very difficult to understand. my question is which books should i refer for this perticular topic?
please suggest me 2to 3 books for this paper & topic

thanking you,

hrishi

pl tell what are the impt chapters in PCC of
accounts,
audit & assurance
law
costing
IT
tax
is module sufficient for law,audit???????

iwant to do ca .how ican iget a rank in it.plz help me

Sir,
The finance act 2007 has crystalised perq on housing accommodation provided to employees by the employers except central government employees negating the supreme court verdit.

Is it fair ?
Comments solicited
Thanks