Can a person be appointed as statutory Auditor(SA) if he is an part time employee of the Firm which is conducting cost audit
?

I have a house property in Baroda (taken on loan) which was self-occupied but now given on rent. We are living in Bombay as I am transferred.

I have also taken loan for purchase of flat in Delhi which we have rented out. My wife is sole-owner of flat.

Now I have following questions:

1. For my Delhi Flat for which I am repaying loan from my taxable income (as my wife is house wife), whether I am eligible for interest paid as deduction from rental income? My wife is sole owner of flat; however loan is in my name.

2. My Baroda house is in joint name with my mother. Can rental value be divided in equal share among us for showing income under Income Tax?

3. Can I avail the full interest deduction on my Baroda house as I am repaying loan from my taxable income?

Thanks a lot for your valuable time..

Regards,
Rahul

i have cleared my cs inter both the group in 1st attempt with 24th rank ...i m confused should i go for all d groups in final..plz help me out....

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