Swa

I have taken housing loan in joint name with my spouse. We have also taken housing long jointly. No specific division of ownership mentioned either in property registration nor in housing loan.

In an year, I alone paid the full EMI from my bank account. Spouse has not made any contribution and not planning to make any claim (though employed)

Can I claim full benefit for interest paid. ? OR I can only claim 50% of it, remaining 50% left unclaimed.

If I cannot, what should I have done. Declare the % of ownership while registering ?

I searched whole of CA Club, but didn't get a clear answer. Please help answering this.


Shalaka Solase
23 January 2013 at 15:57

House property

One of my client has two houses. One in Mumbai districts in which his parents resides. Another in Raigad district wherein he resides. Raigad property is nearer to his office. Whether income from house property should be calculated on Mumbai house

Thank you



Anonymous
23 January 2013 at 15:39

Work contract service

We would like to seek your opinion in the following case :-
“If a work order is awarded for electrical repair work – to an individual, comprising purely labour charges say Rs.1000/- (material has been provided by the Service Receiver) and in the other part for supply and labour charges say Rs.2000/-. In this case, Work Contract Service will be applicable on the second part only or the entire bill.

Service Receiver would be liable to pay 50% of the service tax i.e.,70% of 2000*12.36% .


prasad mullapudi
23 January 2013 at 15:36

Land registration charges deductability

I purchased a land to contruct a new house. But construction was not yet began. Can I claim registration charges and stamp duty to reduce my tax burden?



Anonymous
23 January 2013 at 15:31

Capital gains

I own a car worth Rs.10lacs. If I sell it today, is it taxable or not ? I will sell it at 5lacs.



Anonymous
23 January 2013 at 15:28

Career

I am pursuing CA and I have cleared IPCC in May 2012. Now I want to opt another course with this CA course, I am thinking about CFA (US), or ACTUARY. But in future I want to run my father's business in future, then which course I should opt.....
But I wanna to ask for choice between only CFA and ACTUARY. As I am free now for 1 and half year from my first CA Final attempt. And I wanna to take my father's business to Ex-im heights and at present he is working at next level to importer. So pls suggest me as u feels right for this situation.

Thanks for ur suggestions.....


please differentiate for me CFA & Actuary


Varun Shah
23 January 2013 at 15:11

E1 and e2 sales

Respected Sir/Madam,

Please tell E1 and E2 Sales procedure if the case is this:

We, a party from Jaipur are placing a purchase order to a party from Jaipur and that party is further placing an purchase order to a party from Mumbai.

Please also tell which party have to issue which forms and whether this type of Purchases are to be shown in VAT return of ours.

Regards.



Anonymous
23 January 2013 at 15:10

Not received pan card

I have applied for my client pan card in DECEMBER 2012 and according to nsdl website it card has dispatched on 25.12.2012 but still(23.01.2013) I didn't get my clientpan card .I have also went to my post office for enquiry but they people are saying still we didn't get your pan card by speed post mumbai .Now i need my pan card.I am giving some information regarding pan card whatever i got from website ..I HAVE PAN NO. BUT NO PAN CARD.
C
sir/ madam please tell me how can i get it again
Regards,
ANKITA
+91-8285438380


SANJAY KUMAR AGARWAL
23 January 2013 at 15:08

Appointment of auditor

If a private limited company has NOT appointed / re-appointed the auditors in the AGM and thereafter it appoints the auditors after three/four months from the AGM . what will be the Impact. Is there any panelty on such late appointment.


CA Shivshankar Gupta
23 January 2013 at 14:48

Annual general meeting

if no members/shareholders are present in India on the date of AGM of a Indian private limited company

Can we conduct the AGM through other mode
like video conferencing or tele-conferencing

if not then is there other way or provision
Need to file ROC returns
not possible if no AGM
Please Help






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