Interest paid on commercial property purchased from Registering authority (State Office) where the payments are to be made on annual basis is allowed under Section 24(b). If not whether the same is allowed under Sec36(1)(iii) of the Income Tax Act,1961?
Dear All,
I am residing at rented house & i have booked a flat in same place. The house will be completed in June 13 but repayment has been started because partly loan has been disbursed.
Now I want to claim HRA for full year as well as benefit of int. on home loan u/s. 24b which has been paid by me during the FY.12-13.
In my view int. paid by me is not for pre-construcion period because pre-construction period means the period commencing on the date of acquisition or date of repayment of loan, whichver is earlier.
I have started to repayment hence could I claim the total interest paid by me in the Current FY.
if any case law; pls give.
Thanking you,
Avinash
Incase of a builder, the assessee sold built-up flats to customers and accounted for actual sales consideration in the books of accounts instead of registry amounts which are on very lower side. Whether the difference between actual sales consideration & registry amount is profit for the builder or not?
immovable property of elder brother sold and amount received is paid to younger brother for construction purpose amounting to 20 lacs, can this unsecured cash loan can be taken in both the brothers books, is it allowable u/s sec 269SS, please clarify
A Commercial property is owned by a private company. The company earns income from letting out the said property. Whether the rental income earned be classified as income from house poperty or under the head business & profession?
what is the tax treatment under excise and customs duty where goods are imported and sold as it is against CT-3?
hello sir,i am an ipcc passed student.my friends are now advising me to register for cs executive exam too.i wanted to know is it worth the trouble?will it actually make a difference in future?no doubt ca is my aim but i am still confused.will it effect my ca studies and articleship?i am not that great with theory subjects too.please help.also if not cs then do you suggest any other course?
Hey friends, one of my friend wants to do event management. He is in ca final. So he is confused whether suppose to join course after ca or he left ca and join the course right now????????? give ur valuable comments.
1.Can a company become a partner in a partnership firm with same person having its director and partner?
2. Is the partnership firm in any way becomes liable for the existing or any future litigation or liability of the company.
Sir,
I would be glad if anyone can let me know the procedure of computation of tax on rent from mobile tower in a House property self owned (not a CHS) and also if I have to pay any tax on the Deposit amount I will be receiving If yes under what heads will each of these Incomes be taxable and at what rate. And is it that the rent I will be receiving will be after TDS or I will have to file a return for the same.
Thank You.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Income under the head house property