We had sold one House Property at 33.50 lacs which was jointly owned by Mrs. X (83 yeas), first named and Mr. Y (54 years), second name. Then we made investment in two house properties - One residential flat and another Tenement at two different places in the same town. Flat for 12.50 lacs & Tenement is under construction which is supposed to be completed next year at total cost of 23 lacs.
My question is whether i can claim deduction u/s 54 or else of both the houses or not? or can i claim deduction in two separate name? or any other legal manner.?
Please anyone should reply to my query soon. Thank you..

What should be the steps to be taken by us if we receive intimation under section 245 of Income Tax Act???/

Can employer deduct superannuation fund contribution from employee's salary?As far as my knowledge is concerned this is not a mandatory contribution and the contribution should come from the employer's end to the extent of 15% of basic salary.pls let me know whether this is a prudent practice or not ?

Sir

Should I deduct Professional tax from the salary given to Directors

Premnath

Dear All,

if any practicing CA provide accounting and taxation consultancy out side of India, and during his consultancy period he become non resident indian.
so can he raise the invoice in USD and can he take fees by his NRI bank account ?
and what is the tax liabilities on this receipts.??



Please suggest me, its very important and urgent.

is any way to file online IT return if there is no bank A/c of any assesse

Hello Sir,

I need your advice on a matter.
It was decided in a board meeting to pay Rs. 20000p.m. as honorarium for legal services to a director.We are paying Rs.20000p.m. to our director since 1.4.2010. TDs is not deducted on this payment till date.
Our director is a member of Bar Council. & now we come to know that a member of bar council cant receive salary from anyone.
now please advice me how to handle this matter.

Hello Everyone,

Please tell me what information is required for filing ITR of a director.like about his income or investment.

plz contact on

devang.bhatt@devitpl.com

Web Site www.devitpl.com

A company is purchasing a car on its own name and installments paying by employee.
After completion of installments period Company will give car to the employee.

In this case, can company charge depreciation till the completion of installments???

Can employee get tax benefit of interest on installment of car loan.