Hi,
I want to know how i can get tax benefit on both HRA and House loan. Actually, im staying in Bangalore in a rented house, but had taken a house on House loan in other state where my parents are staying. Also the House loan is jointly taken by me and my brother and the repayment of loan is done from my brother's account, i'm transferring my part of loan amount to my brother's account. I want to know how i can cliam tax benefit on both HRA(as im staying in rented house) and House loan (for the house jointly taken by me and my brother in the state where we both r not staying)
Hi Freinds,
My question is that If We have purchase the goods against "c" from & out of this if we have return the goods wholr or in part, thar by what amount we have to issue a "c" form
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The following data relating to a consumer goods manufacturing firm is available for the year ended 31st MArch. No of days R.M. in storage - 30days, debtors collection Period - 30days , COnversion Process Period- 12 days, Finished Goods Storage Period - 45 days, Average Credit Period from suppliers - 50 days, Advance payment to Creditors - 5 days, Total Cash Opertaing Expenses per annum - 600 days, 60% of the TOTAL Cash Operating Expenses are due to RAW MAterial. Required : 1) Determine the average Cash Working Capital needed by the firm at any Point of time during the year assuming that the firm wants to carry a cash balance of Rs. 10 Lakhs at all the time. 2) Compute the working Capital Turnover Rate for the Year.
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regards
venkatraj
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regards
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
How to get tax exemption on both HRA and house loan