Hello
Total Interest on Housing Loan is more than 400000/- & the EMI are being only paid from Father Account. Can Son (Co-Owner) claim deduction u/s 24b of Rs. 200000.?
Father is already claiming his part of deduction of Rs. 200000.
AS PER SEC 198 PROFIT CALCULATION FOR CSR(SEC 135) EXTRAORDINARY INCOME (WAIVE OF BANK LOAN) IS INCLUDE IN PROFIT OR NOT
I have to submit a word document of atleast of 100 pages regarding the chapters in ITT course modules. Can anybody help??
A person is paying 100% EMI while he is in the joint ownership of the house and his share is 80%...So for 80C 100% of EMI paid is to be considered or 80% of EMI paid?
Other query is at present provisional IT Certificate is available on Bank website is it ok for claiming deduction as only payable word is written there?
Sirs,
Whether a Private Company (one of its Director being disqualified u/s.164[2]) can apply for FTE Scheme?
Can we file FTE form and even if it is filed, will it be accepted?!
A new partnership firm was created during Nov.2019. Till 31.03.20, no any sales were made. Only purchases and various preliminary expenses were incurred. May I file ITR 4 of the firm ? If not, preliminary expenses to be shown in which head ?
how to open a branch after merger please provide me producer
DEAR SIR,
ONE OF MY CLIENT IS PARTNERSHIP FIRM YEAR OF FORM 2017. THEY HAVE AVAILED SUBSIDY LOAN FOR CONSTRUCTION OF FACTORY IN THE YEAR OF 2017-18. PARTNERS INVESTED 6,75000/- EACH . NOW MY QUESTION IS FROM THAT YEAR DID NOT FILED INCOME TAX RETURN. IS THERE ANY PROBLEM BECAUSE THEY HAVE INVESTED THE AMOUNT. CAN WE CLAIM LOSS OF INTEREST PAID TO PARTNERS FROM THE LAST FINANCIAL YEAR IN THIS FINANCIAL YEAR 2020-21 FILE INCOME TAX RETURNS. THERE IS NO SALES AND PURCHASES ONLY CONSTRUCTION OF BUILDING AND PURCHASE OF MACHINERIES. PLEASE SOLVE MY PROBLEM HOW TO FILE INCOME TAX RETURN CAN WE CLAIM THE INTEREST PAID TO PARTNERS.
REGARDS
BY MISTAKE HAVE ENTERED WRONG HSN CODE IN INVOICE AND EWAY BILL, HOW TO RECTIFY, INVOICE WAS GENERTATED 10 DAYS AGO AND WE FOUND ERROR TODAY
I am a widow of deceased railway employee receiving monthly pension of Rs. 18000 on his behalf as on date and also having interest income. How should my income be treated while filing income tax return?
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HOUSING LOAN DEDUCTION U/S 24(B) IN CASE OF JOINT OWNERS