ANKUR ARORA

Dear Experts,

I have one house property, which was let out for 2 months then I occupied the same for my own residence, I have interest on the borrowed capital of Rs. 250,000 for year 2013-14. As per sec. 23(3) the calculation of Assesable value shall be done as if the house was let out for the full year.
How much exemption I can claim u/s 24(2)for interest on home loan? full 2,50,000 or only 1,50,000.


gaurav kumar
11 July 2014 at 17:21

Tds

Does payment of internet charges are liable for tds deduction. As I am doing the audit of a software company and observed that they have deducted tds on such entry under the head professional charges.


CA. FAIZAN UL HAQ
11 July 2014 at 17:00

Section 80c and 80cce

Sir,

I want to know that the amendment in section 80C has increased the exemption from 1 lakh to 1.5 lakhs but as per section 80CCE their is only 1 lakh exemption does the exemption of section 80CCE has also increased???
If not why the exemption of sec.80C increased to 1.5 lakhs?


Nehal
11 July 2014 at 16:59

Income tax return- individual

Hello Everybody,
I have one query.
My net taxable is less than 3 lakh. Is it compulsory to file IT return for the F.Y. 2013-2014.
MY TDS is deduced.
I want to know is it ok if i dont file return since my net taxable income is less than 3 lakh.



Anonymous
11 July 2014 at 16:57

What is amt of tax

SR.CITIZEN FEMALE,
SHORT TERM CAPITAL GAIN .RS 960,545/-(U/S 111A)
INCOME FROM OTHER SOURCE RS 9,163/-(BANK INTEREST).

KINDLY PLEASE TELL ME HOW MUCH TAX PAID


kunal
11 July 2014 at 16:46

Capital gain

Mr. A purchased rural Agricultural Land on 01-05-2013 and sold the same on 01-08-2013 after using it for agricultural activity..

what is the capital gain tax liability?

is there any requirement of Period of holding for Rural agricultural land?


Guest

i have received Accounting Technician certificate. My ca final is pending and i want to start my own office as tax consultant. can i use designation as tax consultant on my visiting card and the display board outside my office? i want to do this because no body knows what is Accounting technician. (talking about general public) they knows only tax consultant. further the same question about stamp and office seal. can i do so?

Read more at: https://www.caclubindia.com/forum/can-i-use-designation-tax-consultant-with-atc--297775.asp#.U7_Ds-Q3tOI



Anonymous
11 July 2014 at 16:23

Exemption limit

how much exemption should i take u/S 24 (i.e interest on housing loan)if the property is not let out ( vacant for the whole year) Actual interest paid is 20,92,556.
whether it is 20,92,556 or 1,500,00.

Thanks


LawStudent
11 July 2014 at 16:21

Query

If a company's office location is to be changed within the limits of the same city, can it be done by passing a simple board resolution or does a resolution by circulation necessarily need to be passed?
(according to Companies Act 2013)


Ajeet Chauhan
11 July 2014 at 16:20

Interest on cenvat credit claim


A firm claim the Cenvat Credit on Machinery and use these machinery for Job Work during the year of Installation (i.e.2011-12) and next year(2012-13). Sales Bills are raised from Next year(i.e. Sept.2012). My Question is that is there any liability arise as per Excise as like reversal of Cenvat Credit for such period or Interest on Cenvat Credit which is taken on Machinery for such period.

Regards
Ajeet






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