whether income received as commission taxable as income from other sources or business income

A tax consultant has filled TAXABLE ITR for AY 2013-14 of one of my friend in march 2014, claiming interest of 2 houses as self occupied property. Assessee is having 50% co-ownership in both the properties. Interest amount claimed u/s 24 for both of properties are 56000 & 29000 respectively. The Assessee has now received Notice u/s 143(1), in which he has been disallowed intetest of Rs.29000 as interest on only one self occupied property is allowed. hence their is demand along of Tax along Interest on it. So how asseesse can do to avoid tax payment, is their any way or he has to compulsorily pay taxes along with interest?

Dear sir, I and my wife both are working for the same private sector bank where my PF deduction from salary is covered under SPF (pension) scheme where as my wife who joined after 01.04.2010 is covered under DCRBS (defined contributory retired benefit scheme) This monthly deduction of SPF and DCRBS is eligible to claim under section 80C. My query is can employer contribution (which contributes same amount monthly) also be considered as investment under 80C by both of us during our individual IT return..? Kindly guide us in this regard.

Hello!

I got terminated from my previous employer w.e.f 09-07-2014. Because of some health reasons am unable to join at new employer till 26-07-2014. Can i put 26-07-2014 as articles re-starting date in the new form or should i as my new employer for a back date 10-07-2014 for registration purpose to hide the time gap in between?

I have purchased house in the month feb 2014 by availing a loan from bank. I am drawing salary of Rs, 12 lakh and paying house rent of 20000/- and paid towards interest on housing loan Rs. 501201. The house is vacant as on today now my question is whether I can claim HRA and claim full housing loan interest by showing rent of rs 30000 for two months since i got occupancy certificate in Feb 2014. waiting for advise from panel of experts

If housing loan is taken in the year 2012-2013 for d purchase of residential house...n repayment istallments have been paid including interest till now...bt possession n ownership deed is received in the month of may 2014......will Interest exemption b availed as per section 24b,..n is deduction under 80 c n 80 ee applicable...for d A.Y 2014-15??

If a partner is insolvent and firm is sold to a company then will the insolvent partner get a share in the shares issued by the company??

Hello Sir,

I am always in a worried situation, when we want to send the goods for Exhibition Purpose from Maharashtra to Hyderabad, Bangalore, Delhi can you please elaborate the matter and guide me how to proceed further.

As the material is going for exhibition it is obvious that it is on returnable basis, but sending the material on a simple challan from one state to another is not possible. I can not raise an invoice b’coz it is not a sale, The organizor of the exhibition will not be in a position to issue “Form-F” .

Please help me in above matter.

Regards,

I want to do industrial training in ahmedabad. .from where can I get vacancy list in ahmedabad

i sell my gold. total selling price rs 250,000/- i had purchase gold on feb 2008 rs 148,750/- whats the tax liability.
and my other income from capital gain (Profit 560750/- (STG)