Dear Sir

My Humble request for clarification of query is about deduction u/s 80EE. Detail of case is as under
1. Person is not having any House Property on the date of sanction of Housing Loan.
2. Loan sanctioned is Rs. 25,00,000/-
3. Person has applied for LDA (Lucknow Development Authority) Flat.
4. LDA will provide him Flat for Rs. 37.50 Lacs
5. Flat is Under Construction and (construction period is 30 months).

Query: Deduction u/s 80EE can be given/availed without "Possession/ownership of HP" (During construction period) or not? Please provide your valuable suggestions, thanks in advance.

Regards

Vivek

what is tha Audit Amendments for CA final exam may 2014

sir,

I wish to undergo Industrial Training during the third year of my Articleship. I have certain doubts which are

1. We have to do GMCS 2 during the last year of Articleship. But during industrial training we are not allowed to take leave for more days. Then how to do GMCS 2?

2. How do we get leave for doing ADVANCED ITT?

Dear Sir,
I have filed my IT return with refund for AY 2013-14, by mistaken i filled wrong TAN no. after assessment i got intimation from CPC for Tax demand to pay. then after i filed revised return with correct TAN. For filing of revised return also i got receipt from CPC. but still i didn't get my refund. Am i did correct or have to do any other procedure. should i pay demand or will get refund. Please advice what can i do for.

Regards
V. Sathyanarayanan

Can I hav both exemption in LOan and HRA if yes what conditions .pl help -thanx-patro

Sir, I have taken Home Loan to purchase flat in Pune in Aug 2011 (FY 2011-12). I got possession in Feb 2014 (FY 2013-14). Bank provided Interest certificate for FY 2011-12 (as Pre-EMI), FY 2012-13 (as Pre-EMI) and FY 2013-14 (as EMI). Please guide me 1) How will I calculate I-T rebate of interest duduction after possesion for FY 2013-14? 2) As my flat was in possession in Feb 2014, shall I take into consideration of Pre-constrution EMI interest (i.e. aggregate of from Aril 2013 to Jan 2014 for current FY 2013-14 and previous two years) or Pre-EMI as stated by bank ? 3) I am staying in Nasik in rented flat. I plan to give flat in pune immediately on rent from March 2014. My interest for the current FY exceeds 2.3 lakh, can I claim full deduction of interest from rental income as I am givng flat on rent ? or only 1.5 Lakh ? If I'm gonna claim unlimited interest for FY 2013-14, Is it correct that income from property will be only for 1 or 2 months (i.e. Feb and March 2014) rental value (for let out property) since I got possession in the month of Feb. 2014? Please help. Thanks for valuable guidance in advance.

Sir, i am planning to buy a new house in flat system apartment having permission for three floors. but I liked the flat on fourth floor. Buider promised me that he will get permission from municipal corporation in one month by purchasing fsi from another open land sale and attaching the fsi to this floor.
Sir, can you please tell me that is it legal. If legal, please guide me what precautions should I take before buying the flat. thanking you. Dr.shivdas. 9030798307.

A company made sales in last year and collect vat on that sale and deposit...but in current year the customer return the goods...now my question is that company can deduct the vat amount that paid at the time of sale from current year payable on sales. Thank u.

my returned income is 494832. Additional income added in demand notice is 72875. I have filed my return for AY 08-09 on March 19; 2013. I have received demand notice for Rs. 35118. Can you help to understand how additional tax and penalty amount of Rs. 35118 is calculated.

Dear Sir,

I am an automobile dealer. Recently the excise duty on passanger car has been reduced to 8 % from 12 %. Our company sent us a new price list reflecting the excise reduction. Now my question is
1. Can our company claim for excise refund on our behalf on the stock that I was having in my dealership which I have already purchased from the company at old excise rate.
2. Can our company also claim for CST refund because of the excise reduction.

Thanks in advance for your reply.