Tax query

I have home in noida & claiming HRA from company.  actully i m leaving with my mother in delhi with he. can i claim both if yes suggest how...

their is no need to file itr-4, but u file itr-2 because the income related to rwo heads one is "income under the head sales" & "income under the other head " & u can also claim deduction u/s 80c & also under sec 80D of mediclaim.

yes u can file the return even if the due date has gone. you can take deduction of 80C and medical ( give full detail of mediclaim condition on it) you have to file itr -1 for this.

can we set-off speculation loss on sale  & purchase of shares (futures & options) against normal business income?

Dear Friend.

I think your question is incomplete b'coz

1) As the source of Intt income is not mentioned.

2) Amt of TDS deducted incomewise is not disclosed.

3) Refund cannot be claimed for Rs.35000/- in any sense becoz No refund is due on salary as you told that no other source except salary + Intt.

4) If only Salary + Intt (If SB A/c) Source you have to file ITR 1 o/w ITR 2.

Thanx

You dont have to file ITR 4 for this just file ITR one because their is only salary income,for late filing you have to pay interest u/s 234A and nothing else you can get deduction u/s 80C .you can file return upto 31/03/10.

I have a flat in Mumbai where I work. I have rented a house in Nagpur for my Family. Can I claim Deduction for HRA as well as Interest on borrowed loan for purchasing flat in Mumbai.

 You have to file ITR-1 instead of ITR-4.... and yes u can claim Deductions...

 Subrata U cannot claim deduction of HRA but u can claim deduction of interest paid on borrowed Loan...!

Dear subrata,

if working place and family in different place, you can claim both

Mr. Tarun is is perfectlt rite

Yes. Dear Subrata. You can claim both as both the places are different.

u should file the itr 1as it is applicable to salaried person

ur exemption will surely be allowed

dont worry

you should furnish the return. Return can be filed up to 31-03-2010 with a penalty of rs. 5000, You can claim deduction u/s 80C also. and ITR-1 is to be filed