Dear all,
If a person is paying rent during the f.y. and he has owned a house(only land) for which he is doing construction for house property, can he take dual benifit of HRA exemption u/s 10AAA and other benifit of repyament of housing loan and interest thereon.
What is this called, let out property or self occupied propertu?

Hi all,

my client paid near about 125000/- as admission+tution+other fees for her own education exps (Mpharma). Seprate receipts are issued by college for the same. She wil able to claim deduction u/s 80C or under any other section ? plz advice

i am a tybcom student.i have my tybcom exams this march.i have cleared my ipcc exams.do i have to fill form 112 as i dont go to college anymore.i just have to sit at home,study and give my university papers

i m chartered accountant , qualified in nov. 2012, and i have carta di soggiorno(green card) issued by italian govt. which is valid in all europian countries, i am going for a 1 month holiday in italy, so i want to know is there any opportunities for indian CA in european countries and what types of opportunities ??

thanks

The Submission of Audit Report and Balance Sheet is not reqd alongwith the Return of Income

If it happens that the Audit U/S 44AB has been done in time and the Audit report is also obtained in time but the return is not filed on due date.

What will be position as regards to Penalties with I.Tax for non filing on due date.

Facts :
1]Registered Trust
2] Having Corpus of Rs.5 lakh
3} Opening Accumulated Income over Expenditure 4.5 Lakhs
4] Amount spent Rs.10 lakhs for valid purpose during the year.

Query:
1] How to give treatment for the excess expenditure over income.? Whether we have to reduce the Corpus or show "Excess of Expenditure over Income" In Balance sheet.

Dear Sir,
Can a partner file his return u/s 44AD if he has other business income(other then what is received from partnership firm).
Then which ITR form has to be filled?

A company pays HRA to an employee "X".

The employee pays rent in two cities.

City 1 - where he stays alone and is his place of posting.
City 2 - where his family stays. He visits this city once a month.

City 1 and 2 are about 500 Kms apart.

Query -

For purposes of HRA exemption,

Whether rent paid in both cities can be clubbed?
If rent for one city is to be considered, which city is to be considered?

I have to send my B.com related documents to the institute for articleship registration. So whom should I address the letter?

if tax is not deducted in first qtr whether it is necssary to file return