Suppose, I have a housing loan that I am repaying for half year; and then I am refinancing that loan from another FI. My question is which principal amounts will be eligible for deduction U/S 80C. There are 3 principal amounts here:
1) The Principal amount paid of the original loan from EMI (which will be allowed)
2) Prepayment of Principal using the money from Refinance
3) Monthly principal payment for the Refinance Loan from EMI

So, out of 2 and 3 which will be allowed as deduction U/S 80C?

HI all,

Wealth Tax return of FY 2010-11 has not been filed so far. Now sec 15 of the Wealth Tax Act states that belated return can be filed upto 1 year from the end of the relevant assessment year, which means in this case FY 2010-11 wealth tax return could have been filed till 31-3-2013. But since the assessee failed to file the return can he file it now ,if yes then under which section? OR should he wait for some notice from wealth tax authorities for non filing of return,

Thanking you in advance

Hello sir,
i have filed TDS returns for 3rd quarter of FY 2010-11. on downloading consolidation one challan showed as overbooked, i have checked with other quarters but no where i have given the same challan and the challan details given in 3rd quarter are checked they were correct. Please rectify me with a solution.

Dear friends,
I have one query about home loan that recently i constructed a house with money borrowed from my relatives,because of interest burden is high now i want to take a home loan.shall i eligible to take home loan after construction also? if possible, shall i claim deductions under sections 80c, 80EE, 24(B). And what are the required documents for taking home loan to the addition of last 2 years ITRs.

I am a trader of 'Ghau(wheat)','Chokha(rice)','Bajra','Tuverdal','Magdal','chanadal' etc. in gujarat. many iterms come from out of gujarat also.
My turnover is more than 1 cr for a year.

My question is
1) Whether I require to get registered for VAT or CST?

2) Can i register voluntarily if answer of 1 above is 'No'?

3) If I get registered but no vat liability is there due to tax free items, whether I require to file return ?

sir,
If a product is covered under section 4a of excise( MRP based valuation) and the company is not declaring MRP on the product and charging excise duty on the basis of transaction value, so is it correct.

Advice is reqiured

Dear All,

I want to change the name of my company from "Anantadrishti Consultancy Services Private Limited" to "Anantadrishti Business Solutions Private Limited"

My Query for CA Club Experts are

1. Is "Business Solutions" words can be incorporated in the company name with the capital value of Rs. 1,00,000 or we have to increase the Capital Value.
2. What is the procedure for name change and how much fees we have to pay.
3. How can we update the new name in PAN and Service tax department.

With Regards
Deepak Verma

hi everybody....
can you please tell me that, In case of incorporation of new company what are attachments required for form-18 if registered office not owned by director but by his father

return which was filed on due date for f.y.11-12 i.e. 31st july2012,on jan2014 one of the sale and its corrosponding purchase plus one tds & one of the bank A/c which was escaped in A/cing was found for f.y11-12 can assessee revise return on today i.e.27 jan 2014?

sir
1. for purpose of 87A what is total income ?
(a) imcome before allowing deduction of chapter VI. or (b)imcome after allowing deduction of chapter VI.
2. does rebate of Rs.2000 is available after calculaton of toal tax (Tax+ Education Cess)or available after calculaton of tax (Tax only) and after then add the education cess.