I have paid RS 15000 towards prepayment penalty for shifting (June 2008)house building loan from one bank to another. Please advise:

(1) Whether prepayment penalty can be treated as interest and allowed deduction under section 24 of I T Act.

(2)Can I Claim deduction under section 24 of I T Act towards interest paid to my earlier bank upto May 2008

(2)Can I Claim deduction under section 24 of I T Act towards interest paid to my latter bank upto June 2008 to March 2009

House taken in joint names and even loan taken in the joint names. The house is under construction. The principal amount can be deducted U/s 80C upto Rs 1 lac.
Can interest on loan(limit upto 1.5 lacs) can be deducted now or only after possession?
If it can be claimed after possession then the previous interest can be claimed as deduction?

House taken in joint names and even loan taken in the joint names. The house is under construction. The principal amount can be deducted U/s 80C upto Rs 1 lac.
Can interest on loan(limit upto 1.5 lacs) can be deducted now or only after possession?
If it can be claimed after possession then the previous interest can be claimed as deduction?

Dear sir,

Can i get a deduction u/s 80 DDB on specified desease if i get treatment in private hospital (not govt.hospital)


If i get treatment in private hospital,can govt.doctor give certificate for claim deduction u/s 80 DDB

I am salaried employee. I have not submitted the investment proof till the month of Feb 09 and therefore TDS is deducted on income from salary.

I had submitted the investment proof in the month of Mar 09. The revised tax is working out to be lower than TDS deducted so far.

Can the employer adjust the excess TDS deducted from the overall TDS payout for the company and give me refund? Pl. clarify.

If not, is there any other possibility of claiming refund from the employer instead of dept? Pl. clarify.

AS PER MSMED ACT 2006, DISCLOSURE HAS TO BE GIVEN IN THE NOTES REGARDING THE AMOUNT OUTSTANDING TI SUCH ENTERPRISES. SO, WHAT COULD BE THE MEASURES TO BE ADOPTED BY THE BUYERS TO COLLECT SUCH INFO FROM THESE SUPPLIERS?

can any one send me the latest select cases of direct and indirect tax-nov-2008/june-2009.

Dear Sir,

Kindly give me D vat registration with CST registration documents for Porperitop ship firm, Partnership firm

Harish

i want to know whether an employee of goverment company i.e Jaipur vidhut vitrna nigam limited a goverment company is a goverment employee...??

What would be the treatment of gratuity i.e would be taxable or exepmt...??

Can Employer deduct the FBT from employee salary on account of payment made for medical reumbursement Rs.15,000 P A.

One of my friend's employer has deducted Rs.1000 as FBT from medical reiumbursemnt.IS it OK.Can salaried employee get the deduction from tax .