Hello, I have sold my house within the 3 year time frame, hence it is a short term gain. I had taken a home loan for the same and had claimed the deduction of 150000.
If i am not wrong, in case the house is sold within 5 years, the interest deduction claimed will have to be reversed ? Is this correct ?
What section mentions this ?I am unable to find the same
In cash accounting system accounting is done on actual basis and vice versa in mercantile system?
But what does accounting on actual basisi means and explain mercantile system also?
Dear all,
Is there FBT applicable for Over Time Payments to Employees?
Plsssssssss reply soon-----------
I AM IN PVT LTD COMPANY. 6 MONTHS BACK WE HAVE ISSUED SOME SHARES OF 1,00,000/- TO A MEMBER. NOW WE HAVE TO SPLIT THOSE SHARES INTO 4 PARTS OF 25,000/- EACH. WHAT IS THE PROCEDURE ?? ITS QUIET URGENT PLEASE..
i want to know slab of taxes for individual male, female & senior citizen for AY 2009-10
thanks
Dear All,
Very Good Day,
As last of of issue of form 16A(Consolidated) period from 01.04.08 to 30.03.09 is 30.04.09.
But we deposited tds on 25.05.2009 for the period from 01.03.2009 to 30.03.2009.
Is date of issue of the form 16A will be 30.04.2009 or 25.05.2009.
Please advise.
B'regards
Saran
My assessee has filed the IT return for the two years at once.Today we got the panalty notice u/s 271F stating they would like to impose the penalty what are the way out to waive the penalty
Whether any Notification has been issued under Section 72A(5) for availing benefit of carry forward and set off of losses and depreciation on demerger.
If so, please provide the No. and date and if possible the content of the notification.
Is it necessary for a practicing chartered accountant to have DISA qualification to get the bank audit (Statutory/ IS Audit)?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
Non Corporate Assessee