income for year 2010-11
This query is : Resolved
04 September 2010
dear sir
MY CLIEANT IS DOING BUSNESS HIS INCOME ON THIS YEAR IS OF COMMISSION AND DISTUBUTION IS RS 1500000/- MY QUESTION IS HOW I HAVE TO ADVISE HIM FOR SHAVING TAX HE HAS INVEST SOME MONEY FROMM TAKING RELATIVE LOAN INT OF THAT LOAN REEMBURSH?
MY CLIEANT IS DOING BUSNESS HIS INCOME ON THIS YEAR IS OF COMMISSION AND DISTUBUTION IS RS 1500000/- MY QUESTION IS HOW I HAVE TO ADVISE HIM FOR SHAVING TAX HE HAS INVEST SOME MONEY FROMM TAKING RELATIVE LOAN INT OF THAT LOAN REEMBURSH?
04 September 2010
You cna claim normal Business expenses, along with, Deductions u/s.80C/D/DD/DDB/E/G/GG and housing loan interest are good tax savings option
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Under construction property in ITR
- Gift of mutual fund units to daughter
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Reporting of STCG on Property in ITR
- ITR-4 vs ITR 5
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
