I purchased a under construction property in FY 2013-2014 and since then I started paying EMI of about 29K per month. I go the possession of the flat in Feb 17. Therefore I would like to ask following queries-
1. How do I calculate and claim the preconstruction period interest
2. I live with my Father and hence do not own any house however can I show this new flat as deemed to be let out and claim the complete interest, if yes, then do I need to show the property was let out for entire year or only for 2 months (Since possession received in Feb 17)
3. Can I claim both interest in my FY 16-17 return and if yes, what is the limit
4. I am planning to sell this property, what could be the tax implication

Note-I am salaried person...

a partner of a firm, having interest income, and salary from firm, 15 lacs, dividend income 3 lacs, bank intersest 3 lacs is he liable to register in gst as total income is 21 lacs, further in second situation if he derives rent from commercial property rs 3 lacs, total income now become 24 lacs, will he be required to get gst registration

sir
actually we have a society . and recently we have taken on school under this society. now we want to open account to that school . actually our society have account with axis bank.here my doubt is
1.can we open school account in the name of school with other bank?
2.does we require another pan no for school other than society pan no. to open bank account for school?
3.can we open another accounts with other banks?

How can we calculate gst if a shop follow normal billing process as he follow the billing process before gst applicability.

what should be assumed as years of purchase during valuation of goodwill if no information about number of years of purchase is provided in question ?

HELLO
I was filing my ITR through excel utility and also validated all the sheets but when i am generating XML from it
a run time error- 2146232576 (80131700) automation error is there.
can anybody please help me ???

Hi
Iam an income tax payee and my mom got the message on her mobile phone -
26As statement shows income receipts without TDS
She took a loan of 5 lacs from our relatives for house construction and deposited in bank . she is also a teacher but her yearly income is 1.2 lacs .
So did she get the message because of the deposited 5 lacs amount ??
Or is it just a general message .
Do she has to pay income tax or file an ITR ???

Sir/Madam

A Consultancy firm also liable to tax u/s 44ADA. The Firm total receipts is Rs. 6.00 whether it has to show net profit above Rs. 3.00 or it can show its profits below Rs. 3.00 without audit u/s 44AB.

Whether 44ADA is also applicable on Partnership firms or it is only for individual professional

Thanks

Me and my friend have a Internet Cafe so we always need to do so much of online payments for customers . My friend is not always able to go bank to deposite money in his account so i take cash from him put it my account and then i transfer it to him by IMPS. I have never looked at my credit transactions when i looked i found the credit receipts are more than 45 lacks now do i need to pay tax on it even that money does not belongs to me. Only about 22 lacks credit transactions belongs to me all other money only belong to my friend



Please help me CA said that i need to file ITR on turnover of rs 45 lacs so i will need to pay about 25000 tax even i havent earned taxable income.

If you can help me please message me on 8087996798 (Whatsapp)

Thank you.

I HEREBY MAKE SOME CORRECTION IN QUERY ASKED BY ME A FEW MINUTES AGO.

MY QUESTION IS COMPANY WAS INCORPORATED ON 21-04-2016 AND FIRST AUDITOR ALSO APPOINTED AT THAT TIME.NOW WHAT IS THE LAST DATE TO CONDUCT AGM FOR F.Y.2016-2017..AND WHAT IS THE LAST DATE TO FILE FORM ADT-1 REGARDING APPOINTMENT OF AUDITOR FOR F.Y.2017-2018 WITH ROC?KINDLY SUGGEST.

Read more at: https://www.caclubindia.com/experts/last-date-of-filling-form-adt-1-2528429.asp