Pramod Mishra
10 September 2013 at 23:36

Tds while purchasing apartment from builder

I am purchasing an under construction flat (1500 SQ Feet) at Bangalore and its value is 51 lakhs (including car parking, amenities, electricity, water etc). This price excludes VAT, Service tax and Registration. Including all total cost come to Rs 60 lakhs. As per Karnataka Govt valuation, registration value comes to Rs 46.5 lakhs approx. If this is the case, do I need to deduct 1 % TDS from the builder? If yes, on which value (60 lakhs or 51 lakhs)?

I am going for 47 lakhs loan with bank. When I enquire with Bank (LIC housing finance and HDFC), they said only If the loan amount is 50 lakhs and above, buyer need to deduct 1 % TDS. Kindly clarify.


Ann Jose
10 September 2013 at 22:45

Form 112

I had registered for B.Com in June 2012,and I started my articleship in September, 2012. However, I did not file my Form 112 till date, since I thought it was only for pursuing other courses subsequent to my articleship registration.
Can anyone please tell me what i should do now. Even if I am to apply for condonation in delay along with late filing fee of Rs. 1,000/-, what reason should I state?


Charu
10 September 2013 at 22:44

Career guidance

Hii!! one of my friend is MBA in finance & mkting, and working as ASM in renowned co. now he wants to move further in finance field & want to do some course in finance plz. suggest some good courses which he can do along with his fulltime job & which also adds value to his profile.

Thanks



Anonymous
10 September 2013 at 22:16

Foreign remittances - individual.

Hi! One of my friends works in India but income has been received from a foreign country's account. Do I need to obtain any documentation in this regard?



Anonymous
10 September 2013 at 22:03

Income in a foreign country.

Hi everyone, one of my friends had gone on a business visa to a foreign country. His income has been transferred from India but he has stayed for about 6 months in the foreign country and worked there.
What should be the treatment for the said amount?



Anonymous
10 September 2013 at 22:01

Return filling

Dear sir
If return of AY 2013-14 has filed and AY 2012-13 has not filed can in filed that after filed the return of AY 2013-14.



Anonymous
10 September 2013 at 21:52

Two house properties

sir i have a client of mine who stays in pune and has two housing loans one house in in kerala and the other one in pune where he stays, the house in kerala is occupied by his parents. now can he show that the house in kerala is self occupied and the house in pune is rented, and take tax benefits accordingly


ANIL SHARMA
10 September 2013 at 21:48

Two house properties

sir i have a client of mine who stays in pune and has two housing loans one house in in kerala and the other one in pune where he stays, the house in kerala is occupied by his parents. now can he show that the house in kerala is self occupied and the house in pune is rented, and take tax benefits accordingly


CA JAYESH RELKAR
10 September 2013 at 21:47

House property

If house property is in joint name (assuming there are two joint holder Mr. A and Mr. B , share 1:1), and Mr. A is paying entire interest from his pocket, then can he claim 100% of interest paid u/s 24(b) of Income Tax Act, 1961 even if his share in house property if restricted to 50%?



Anonymous
10 September 2013 at 21:45

Final registration

I have cleared both groups of ipcc in may 2013 in first attempt. I have registered for articleship. soon i learned that it is mandatory to register for articleship and finals together for the students passed both groups. When i began downloading final form , there were two options given in fee column :
rs. 10000 wityh articles
rs. 8500 without articles..
my query is which option shall i choose ?
n is it possible to fill online regn form ?






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