dear sir,
my 2years 6months of articleship will complete on 4th may 2015. can i give may2015 attempt?

Hello Sir

I am planning to take a loan of 25 Lakh and my property valuse is only 40 Lakh. I understand that the interest paid this year is eligible for income tax deduction up to 2.5 lakh. My prperty is under construction and I cant claim the interest this year. Please guide me on the following questions

How much interest expense paid can be carry forward to future?
My property will be available next year but my interest expense for the next 5 years is more than 1.5 Lakh every year. If my interest expense is more than 1.5 Lakh each in next 5 years, when I can utilize the pre emi interest expense?

Regards
Anil

my articleship is completed on 4th nov 2015 so can i give my attemt on may 15. because we can give our attemt after completion of 2.5 years articleship

My daughter has started working in the USA since the past one year. In India, she is having her own Income by way of interest from loan given to her Father's business (TDS is deducted on Interest received), Income from dividends from mutual funds. In addition she pays LIC premiums, savings in ELSS schemes and deposit in PPF. Does she need to declare her Income in the USA and will she get credit for Tax deposited/deducted in India.
Can any one guide please
Thanks in advance

dear sir,

mistakes done as under

1)we are company but ITNS 281 deposited in bank by cash on 30-04-2013

2)chalan marked as company deductee(20)while deductees are non company.

Sir how to correct that challa .can any problem arise.any remedy?

I AM A GOVT EMPLOYEE. FOR THE F.Y 2012-13 INCOME TAX IS CALCULATED AS 15516. NO TDS WAS DEDUCTED.TAX IS NOT DEPOSITED TILL YET.
Q1. WHAT AMT SHOULD BE DEPOSITED AS TAX ?
ONLY CALCULATED TAX OR TAX + LATE PAYMENT ?

Dear sir,
We have paid TDS against contract for the month of January 2013.But by mistake we have paid TDS company deductee and non company deductee together.What is the procedure for rectifying the same in submitting the return for the 4th qt.

Please reply back at the earleist.

Respected Sir,

The company has overdraft facility and year end balance is Rs.18 lakh. Further, The company has taken loan of Rs.15 Lakh for purchase of new asset from bank which is used for business purpose.

Whether CARO will Applicable or not ??

If the payment u/s 194C exceeds in the month of April with Rs. 30000 then there is liability to deduct TDS on it but for the same if in the next month Bill Amount is of Rs. 15000 then also there is liability to deduct TDS? Does it work with the principle that Once applicable for any year then it is applicable in the whole year?
Please quote relevant section for supporting?

For March '2013 TDS Liability (which can not be paid till 30th april 2013) now I want to deposited the TDS Amount on 2 may 2013 THEN FOR HOW MANY MONTHS INTT. @1.5% WIIL BE ATTRACTED?