Hi i ahve this doubt abt claiming hra n interest on housing loan simultaneously when an employee is owning a house property declaring it as self occupied and also claiming HRA in the same city.


for example an employee is staying and working in bangalore claims HRA as well as interest on housing loan on a property which he claims as self occupied.

Is there any case law or a section restricting the same please state the same.

thak u harini

When should Form 1B be filed when Change in the name of a Private Company is under Process??

What is the treatment of preoperative expenses for accounting as well as income tax purposes?

What is average rate under AS 11? In case of huge fluctuations in exchange rates during a particular month or months can we adopt daily rates for average rate ? Can a company adopt daily rates for non-voluminous transactions and average rate for voluminous transactions during a period where there was huge fluctuation in exchange rates (it was not realised while booking the entry, it was realised while closing the books)?

What is average rate under AS 11? In case of huge fluctuations in exchange rate during a month can we adopt daily rates ?
Whether it is correct to adopt daily rates for transactions which are not voluminous and adopt custom rate to transactions which are voluminous (in case of huge fluctuation during that particular month) as per AS 11 ? If yes how to disclose in notes on accounts?

Dear All ,
My Company Is Advertsing Company , which is advertising for verious Newspaper .
We Are Charging Service Tax On Bill Amount which is DAVP (Display And Visual Play). But East Central Railways is not paying the service tax Amount.I want To know is railways is liable to pay the service tax or not. if there is any notification or case law , please give me detail

I want to knnow that is it necessary to register the asset ( premises) in the name of the assess to claim depreciation as per I.T. Act. As per companies act substance over form concepts whether applicable or not. Actually To tax LTCG on sale of officepremises I want to increase the value of block by purchasing but the registration work will not b completed within such time

Please Advice

What Is Provision ?
In Which Condition we Should Create the provision

Can any one avail Deduction of Interest on Personal Loan taken from ICICI Bank or any other in Inocme Tax.

Whether Tax has to be deducted on Payment made for imports to Clearing and forwarding Agents?

I think it has to be deducted on consultancy charges.But should it be deducted on Clearing and Forwarding charges,Transport Charges?