Dear All,
I have few question about my taxation. I am a salaried employee and i have below few question about my tax liability for the FY 12-13:-
1) Can deduction of HRA and Interest on House Loan be claimed together?
I have received posession of my flat on March'13. But i was on rent till March'13. So will I be able to get deduction of HRA and Interest on house loan (Rs.150000) in the FY 12-13?
2) Advance Tax liability and Interest u/s 234B payble by me or not?
I have no other income other than salary. There is mistake in my TDS calculation by my Employer and which resulted in less deduction, almost half in compare to my tax liability. So my question is will I be liable for advance tax payment and whether interest u/s 234B is payable by me or not?
Waiting for your earliest reply. Thanking You,
Tushar
CAclubindia
