Is there any provision for tax rebate on the principal amount or the interest paid on a loan taken for commercial property (shop)? I'm a salaried person and want to purchase a shop for my family members and run it.

I want to check whether any rebate or deductions are allowed on loans for commercial property?

thanks and regards,
Jesudas F.

DOES EVERY AGREEMENT NEEDS TWO PROMISE TO FORM . I MEAN TO SAY THAT EVRY CONTRACT TO FORM REQUIRES TWO RPOMISE IN IT IRRESPECTIVE OF PERFORMANCE??
i.e BOTH THE PARTIES NEED TO EXCHANGE PROMISE TO EACH OTHER OR NOT, IRRESPECTIVE WHETHER ONE HAS PEROFROMED DURING FORMATION OF CONTRACT

Sir, one of my client building material supplier has purchased a tipper( for carriage of said items)
Can he claim for ITC ? ITC not shows on portal 2B....
how can claim
please suggest

A Pvt. Ltd Company acquire 100% share in another pvt. ltd. company. my question is how to decided share value of such company. only one assets i.e. land showing under such company. what value we take such land value. stamp value or market value.

Respected Members, there is a doubt regarding capitalization of Expenses while construct an asset for selling purpose.
A co getting contract to construct an asset. which will be taken 3 to 4 years to complete. now my questions are,
1. Retention portion as per agreements where it should be shown. Current liabilities or any separate provisions should be created?
2. If any Professional services are given related to construction of above assets, then whether it should be capitalized or not.
3. IT would be under WIP as a stock or asset??
Please Help me in this matter.

Respected Sir,

What is the formula to workout the deferred tax (assets/liability) for the year ending March 20 ( Ay 20-21) ?

the clarification issued by the commissioner of commercial tax deportment under section 59(4) of KVAT act 2003 will become vat act without any notification by the govt. Shell we challenge the clarification /advance ruling in the High court of the state.
Kindly give your valuable feedback. Thanks in advance.

K.B.NAGESHA RAO

If property is purchased by NRI, then can TDS be remitted by person other than NRI? and what is the procedure for remittance of TDS on sale of Immovable Property?

Thanks

Whether Rice goods is exempted or nil rate goods. what is the difference between two .

if NRI purchased house property in India. Which tds return and at what rate TDS need to be deducted. Whether 26QB is applicable ??