Sir,

I have one Self Occupied Property I have taken home loan of Rs. 75.00 Lacs. I am paying home loan interest appx 7.50 Lac Per year. I have two options:-
1 I will show deemed rent income and claim entire home loan interest as deduction against my deemed rent income , salary and interest income.
2. I should claim 1.50 Lac as deduction u/s 24 without showing deemed rent.

Which is right. Please let me know.
Thanks
Shiv Kumar Agrawal

Dear Sir,
We have a manufacturer exporter of ladies fashionable garments. if we have received 2 type of income against service 1st is designing fee & 2nd is sale commission.
So please advise me which accounting head of service tax can be added these type of income for filling challan


Thanks
Kailash
accounts executive

last date for er 5 & er 7 pl

Dear Expert

Can u pls advice how the gratuty trust treat surplus money lying in trust account in case of liquidation of company.

The company is liquidated and have paid all the eligible emoloyee the gratuity (Who had completed more than 4.5 year).After paying to the employees some surplus fund are there in gratuity trust.

Request expert advice what is treatment of this .

Hello everyone,
can u please advice me regarding the applicability of TDS on additional warranty purchased for laptops for period of 3 years. If so what percentage should be deducted.

Hi

Pl share the rules about gift tax on the trasaction b/w father, father in law, spouse and children also exemption limit.

Dear All,
Can anyone help me with this
A Partner has negative Balance in Capital and he pays Interest on Capital to the firm. Such Interest received by firm is assessed to tax by the firm. Can this Interest expense be claimed as a deduction by the Partner against Remuneration received from the same firm or be claimed as exempt? Please specify the section also

Dear Sir

I received bill from consultant he provided us consultancy service of Rs. 25000/- P.A.

He also charged Service tax on basic amt.

He gave own Pan card copy ag. bill.

should we deduct 20% tds for not giving consultancy pan card.

Dear all,

The company made incentive provision for its emplyees of Rs 50 Lakh as on 31.03.2013, but the comapny paid the incentive to employees in september 2013 before filing Return of Income, TDS on incentive also deducted and paid in september 2013 and filed E-tds . Income tax department issued notice for Interest on late payment of tds. Should comapny pay the interest or is there any solution in avoiding ???? . Please give the solution and quote provision.

My salary is below Taxable Limit. Should I required to File Return?