Hello


One of our client is owning a bunglow registered in his name. The bunglow used to have ground Floor Only. Recently a new first floor was constructed by the client taking a loan of Rs 1200000 on the property. Now the Client is living on the first floor.


Now my question is can the client sale/gift only the ground floor to its HUF?


If yes , then what will be the tax implications in case of

a) Sale
b) Gift


and whether the client can continue to claim interest deduction in house property as first floor is self occupied?


Thanks

The assessee has filed the TDS return in time. After 1 month of filing the TDS return he comes to know that he has forgotten to cut the TDS on interest on Loans taken. Can he cut the TDS and revise the return? What are the penalties if he can revise the said return?

WHAT IS MEANING OF FOLLOWING SENTENCES

INCOME EARNED IN A PREVIOUS YEAR IS CHARGEABLE TO TAX IN THE ASSESSMENT TEAR

If Amit takes loan from Gaurav by signing a loan contract for a tenure of 10 years with at interest rate of 2% per annum. Principal payment to start after 5 years, till then only interest part to be paid. Will Amit become liable for any type of tax? And will gaurav needs to pay any tax on interest earned? Loan amount would be minimum 4 crores rupees.

Dear Experts, We are at pvt ltd co. paying rent on accomodation of our labour to another pvt ltd. co. Rent amount is 15,000 P.M. and we are paying Electricity bill of that premises which is 5000/6000 p.m. My query is whether TDS is applicable on this rent amount as the total rent amount is 1,80,000/- (excluding electricity amount) or whether electricity bill amount will be the part of rent?? kindly suggest.

Is there any specific format in which director need to disclose their interest to the company or interest in other companies.
If yes or there is some recommendatory format then I will be thankful if somebody provide me with that format.

Hello...

Please guide me how to file LBT Form E-II


Thanks Regards,
shubhangi

Hi ,
I'm IPCC student and BCOM passed out .
I wanna know that
Can I do MCOM or LLP with CA course.
Is there any problem related to articlship if I do mcom or llb ...???

I am Practicing CA since Jan 2012, now i got job in bank so have to surrender COP but in future if i further come in practice then this 2 year of my experience of practice will be counted or not?

Sir,
we have received from our sub contractor a invoice for Rs.280000 and booked the invoice and paid the TDS against the invoice and did not pay the Invoice amount to our contractor .and Later our management deducted Rs.180000 from the invoice.And now our subcontractor send a legal notice stating that we already paid the TDS and its illegal and unlawful.
Kindly give me a clarification
My mOBILe-8754428355