can an individual claim deduction of interst and principal paid in the financila year for housing loan taken for construction of a hotel

thanks in advance

A High school become a Higher secondary School during the year. Weather TAN number will have to change ?

The school is deducting TDS ON Teacher's salary & mention TAN number in TDS return.
Because of the change of the name , we have to get a fresh TAN number or not ?

Kindly advise.

what is the procedure for applying for articleship.

Debtor had not deducted TDS earlier on our Income for the F. Y. 2009-10, 2010-11 and 2011-12. Now during his Assessment, Expenditure was disallowed for F. Y. 2009-10. Hence he is now deducting TDS for F. Y. 2009-10, 2010-11 and 2011-12.

Our company has already filed the Return for the above Financial Years and the current status of the same is as follows:

F. Y. 2009-10: Assessment u/s 143(3) complete
F. Y. 2010-11: Notice u/s 143(2) recieved, however last date for revising Return of Income is lapsed
F. Y. 2011-12: Return of Income filed and can be revised uptil March 31, 2014

The amount of TDS is huge.

What can be done for each Financial Year?

Dear Sir,
I am working as Development officer in LIC OF INDIA.In a competition floated by my organisation I have received a CASH AWARD of Rs.14500 yesterday.Our OS dept says that 30% income tax to be deducted from that cash award as I am in 30% slab.I said only 10% to be deducted.Plz clarify me in detail.
Regards,
a v r prasad.

Both are Charitable Trust and enjoy 80G and other Tax benfits.

One Trust conducts hospital - Medical Service only.

Another trust actvity as religious,educational,social & medical help ( Mix object )

Can Medical Trust donate to other trust as donation every year when both differ in their aims and object?.

Dear all
I want to file a ITR, the assessee has a Bank statement in Which only Cash deposited and ATM withdrawl is Clearly mentioned.
.Can i treat cash deposited money as a Agricultural Income or have to shown as other Income.
And ATM withdrawl money is withdrawn by his son for Study expense.

Like total Cash Deposited---Rs, 3,98,000
ATM Withdrawl Rs.Rs. 2,50,200
Please reply

I AS A SALARIED PERSON DEDUCT TDS ON F.Y.-2010-11 BUT THE COMPANY WRONGLY DEPOSIT TDS FOR WRONG PAN BUT NOW THEY ARE DEPOSIT TDS AMOUNT.
QUESTION-1> CAN I CLAIM TDS NOW AS A SALARIED PERSON?
2> AS A NON SALARIED PERSON CAN I CLAIM TDS FOR THE F.Y.-2010-11?

Dear All,

1.What is the difference b/w a recruitment agency and manpower supply agency services?
2. will reverse charge be applicable if the service provider of manpower supply is a private limited company?

please guide me..

Hi,

My income for the FY 2012-13 consists of salary from govt (192) (about 4 lac) & professional fees from pvt company (194J) (about 7 lac). In case of professional fees, 70,000 tax has been deducted at source u/s 194J (flat 10%).

Now I have to file ITR. Please suggest how do I go about it:

1. Can I keep salary as separate and professional fees as separate. Tax liability in this case is about 90600 (i.e 70,000 + 20600).
OR
Do I have to treat full income (11 lac) as lumpsum and calculate tax as per brackets ( 0-2 lac, 2-5 lac, 5-10 lac, >10 lac). Tax liability in this case is about 164800.


2. Which return form(s) do I have to file ?

3. Any other advice to save on tax.