a property is owned by tw people , however the housing loan is in the name one person only. There is an understanding b/w the parties and half the loan is shown in the 2nd parties books in the name of the first party.
Is this correct, the 2nd party is claiming an exemption u/s 24 as half the interest is being paid by this party to the 1st party in cash.

If a salaried employee is having an income from trading in shares which ITR he has to filed, if he has already declared the income from share and included in the form 16 under the head income from other sources

Dear Sir,


My query is regarding interest received on fixed deposit with bank. I made an FD with ICICI Bank as on 15/07/07 and it matured on 14/07/08.The FD was for Rs.150000 and its maturity value was Rs.160184.On this bank has also deducted Tds @10.30 percent. My question is whether the interest income on FD is income for the A.Y 2008-09 OR FOR A.Y 2009-10.

Secondly If the interest income is the income for A.Y 2008-09 can I claim refund of TDS deducted by the bank on interest income of Rs.10184, since my net taxable income is less than the taxable limit i.e. Rs.110000.


Can I now submit to bank form 80G,When a TDS has already been deducted though I havn't encashed my FD as yet.

Hi

I have the problem regarding filing of income tax return, i was submitted address of my native place during PAN application, i got PAN according to my native place address, but now can i file my return from Pune temporary residence address.

Which amount should be shown in the return of foreign payment to non resident for Professional Fee,Grossup Amount or Net amount (Actual Fee Amount)

In most of the cases gratuity is deducted @ 4.81% of basic. why the rate is taken as 4.81%. was it anywhere mentioned under the payment of gratuity act?
if yes, under which section?

In which amount tds Would be deducted when professional charges included service tax

Any gifts given on the occasion of a festival (say for eg. Diwali) will be treated under "gifts" or "festival expenses" for the purpose of FBT?

what section is applicable and how much tds rate is deducted when we hire computers

Kindly tell me that a person having income from salary as well as from ohter income (insurance commission) not interest the which ITR form will be used 1 or 2.