Income Tax queries [13646]

All Resolved Open

Vardhman Dangi

14 July 2008 at 12:58

CHANGE IN PROPRIETORSHIP

ONE OF MY CLIENT HAS CHNAGED THE NAME OF PROPRIETOR BY WAY OF PARTNERSHIP DEED, HE IS ALSO LIABLE FOR AUDIT U/S 44 AB,PLEASE GUIDE THAT HOW TO INFORM INCOME TAX DEPARTEMENT ABOUT THIS AND HOW TO CHANGE IN TAN AND OTHERS.

THANKS IN ADVANCE.

Raghu

14 July 2008 at 12:37

Interest on borrowed capital of House Property

Sir
I have the following query with me.

IF a person has two properties constructed with loan from Bank.

One property is self occupied and the other is letout for others

Can he claim the interest on borrowed capital on both the houses u/s 24.

And the other query is:
Is the deduction of loan repayment, Principal deduction is 20000 for each house or 20000 for all the houses taken together

Please resolve my query
Awaiting expert responses

Devendra Tambe

14 July 2008 at 12:27

Surcharge Applicable for F.Y. 2007-2008

when Surcharge is applicable for Income for F.Y. 2007-2008

santhosh

14 July 2008 at 11:49

Tax Deducted At Source

why the TDS is to be Deducted?

shubha

14 July 2008 at 11:42

house rent allowance

hi,
Can a person claim hra exemption and at the same time claim loss from house property (in the form of interest)?

Alex

14 July 2008 at 10:07

NSC Interest accural

Do i have to pay Income tax for NSC interest acuring every year or can i claim the rebate under section 80c

Sudeep Mitra

14 July 2008 at 07:43

CII of F.Y 2008-09

What will be the CII of F.Y 2008-09?

Sushant Panigrahi

14 July 2008 at 07:00

Tax Treatment on Income

Suppose bank has credited interst twice on 31.03.2008, which was reversed on 01.04.2009. what will be the tax treatment, should i consider the same as income and pay tax

rohit

13 July 2008 at 23:06

tds- remuneration

what to do if the company hasnt applied for TDS no. and it is into its 2nd year of operation?

will the co. be liable to pay TDS on remuneration paid to directors b4 applyin for the no.?

also, there is no other employee receiving salary more than 40,000 only directors receive remuneration?

Is the co. liable to deduct tax on remuneration to non-executive director also?

how to rectify such a situation?

Thank you

Ajit

13 July 2008 at 15:44

accrued interest on bank FD

I have FDs in two separate banks. I want to ask whether I can show the FD interest on receipt basis instead of accrual basis.

If yes, can I show on receipt basis for one bank and on accrual basis in case of other bank.

thanks & regards

Ajit Jain