I am a salaried employee, with a property let out on rent on which I earned an income of Rs.36750 net of 30% deduction and municipal taxes, in FY 2008-09. The interest paid/accrued on housing loan which financed this property was Rs.225900, during the same FY.
Q. Can I set off (-)Rs.189150 (36750 minus 225900)as a loss, against my income from other sources, e.g. Salary, during the year, thereby reducing my overall tax liability?
(My employer has taken the view that deduction of interest paid must be capped at Rs.150000, even though actual interest paid is much higher)

Shall be grateful for a quick guidance as I have to file before 31st July ! Thanks

How can I file company law return.
When will be submitted.
what proedure i have to follow.

Dear Sir,
can "C" forms of Sale in F.Y.2008-09 submitted in F.Y.2009-10

My Question is whether there is any legal problem if we show imprest account in balance sheet.

Sir,

Pl inform me who is eligible to give a CAS-4 certification.a CWA or CA or both.

pl help me

Thanking you

Yours faithfully

G ramesh babu

There is a query related to exemption eligible u/s 80C :
- During the previous financial year, the assessee transferred his housing loan from one bank to another bank. Old bank has issued a interest certificate mentioning complete repayment of loan (i.e. Principal + Interest). In such a case, can we claim benefit u/s 80C to the extent of Rs.100,000/-. However, Repayment of loan has started in current year in New Bank (i.e. bank to which the Outstanding loan was trfd).

Can anyone send me a sample/ model Deed for the Contract of Hiring Employee.

Its very urgent.

Thanking you in advance

Dear All,

From which month new mahrashtra profession tax slab applicable ?

upto Rs 5000 Nil
5001 to 10000 Rs 175/-
10001 and more
then Rs 10001 Rs 200/-

I would like to import a electronic item from china. How much duties and taxes i have to pay on that. What are the documents required for that. Somebody can tell the complete procedure.

can u give me latest word format of FC-GPR (Part B)?