If housing loan instalment of a single property (owned by husband and wife jointly) paid by husband and wife both and Loan interest is more than 150000/-. How much interest is eligible for deduction for each of them? i mean if the interest is 154000/- then both husband and wife can claim 77000/- or 50% of the max. limit i. e. 75000/- in their individual return?

AND HOUSE PROPERTY DOES NOT CONSTRUCT. IT IS ONLY WORK IN PROCESS AND LOAN INSTALMENT IS PAID Rs. 25000. from feb. 2013

loan taken 15 Jan. 2013 and construction start 31 Jan. 2013.

Please let me know the depreciation rate for
i) air conditioner,
ii) refrigerator
iii) trailers
as per both Income tax Act as well as Companies Act.

Sir/Madam,

Eg: 1.Firm 'X 'got loss in the financial year 2010-11 (I.T.Return was filed Correctly)

2.Firm 'X' got profit in the F.year 2011-12(loss in the previous year was not brought forwarded and tax was paid on profit)

3.Firm 'X' got profit in the F.year 2012-13
So my doubt is whether i could brought forward the loss mentioned in point 1 or else was there any alternative to claim such loss
Pls help me in this issue.

HELLO ALL,

I HAVE ONE QUERY THAT I HAVE RECEIVED SALARY ON WHICH TDS IS DEDUCTED BY EMPLOYER AND ALSO RECEIVED INCOME AS COMMISSION ON WHICH TDS UNDER SECTION 194 H IS DEDUCTED..
WHICH ITR I SHOULD FILE FOR A.Y.2013-14?

What is the treatment for LTCG from dealing in Shares when:-
i) STT Paid &
ii) STT not paid

Our Company is in the field of infrastructure development. Company regularly obtained services relates to construction from proprietor firm, in which our companies director is proprietor. As CS of the Pvt. Ltd. company I am not able to judge whether these service transaction are at prevailing market price to confirm the applicability of Section 297. Presently paid up capital of Company is Rs.6 Crore. Professional friends please provide some suggestion on the matter

I have filed Form 23 for one of my client which is a public limited company attaching board's resolution approving text of advertisement for inviting deosits from public.I received a query from MCA asking under which provision of the Companies Act is this form filed?I had mentioned that the form is filed under sectin 58A of Companies Act.They also said that the text of advertisement is not attached with the Form 23 and hence it is not approved.I knew Form 62 is required for filing text of advertisement but their query has made me confused.Can you suggest the correct way?

Dear Sir

our Trust is Registered U/s 12A of IT act.
If payment made to Advocate for Legal consultancy service, whether payment service tax applicable for our trust or not

Dear Expert,

Whether a Co-op Housing Society is classified as "Business Entity as Body Corporate"? (Reverse charge mechanism stipulates 75% of Service Tax is to be paid by Service Receiver if he is registered as "Business Entity as Body Corporate")

If Co-op Housing Society can not be classified as "Business Entity as Body Corporate" then Service Tax portion of Service Receiver in NOT payable.

Suppose an individual 'X' having age below 60 years paid medical insurance of Rs. 26,000/- as per details given below:-

1st Receipt
Medical Ins. premium for own Rs 12000 and Medical Ins. Premium for his mother (above 80 years) Rs. 5000

2nd Receipt - For medical insurance premium for his spouse of Rs. 9000/- (having age below 60 years). Kindly advise about how much amount of deduction u/s 80D of I T Act, 1961 can be claimed for the Assessment Year 2013-14