alka bhardwaj
03 February 2011 at 17:53
I HAVE BUY HOUSE PROPERTY BY TAKING LOAN AND PAYING INTREST ON IT. I HAVE GIVEN IT TO MY PERENTS AND DUE TO SOME REASON I RESIDES ON RENTED PROPERTY IN SAME CITY.MY OFFICE IS IN ANOTHER CITY AND I M CLAMIMNG HRA FOR THIS.
NOW MY QUESTION IS WHETHER CAN I HAVE DEDUCTION OF INTREST OF LOAN OF RS 150000 AS WELL AS HRA.
alka bhardwaj
03 February 2011 at 17:45
I HAVE BUY HOUSE PROPERTY BY TAKING LOAN AND PAYING INTREST ON IT. I HAVE GIVEN IT TO MY PERENTS AND DUE TO SOME REASON I RESIDES ON RENTED PROPERTY IN SAME CITY.MY OFFICE IS IN ANOTHER CITY AND I M CLAMIMNG HRA FOR THIS.
NOW MY QUESTION IS WHETHER CAN I HAVE DEDUCTION OF INTREST OF LOAN OF RS 150000 AS WELL AS HRA.
Rishi Singh
03 February 2011 at 12:32
We are a STP unit under the Software Technology Park Scheme of the Government of India. We do not manufacture any excisable goods but are service providers and are registered as per Service Tax Rules. Our records are audited by our internal and statutory auditors as well as by the Audit Group team from the O/o The Commissioner Central Excise, Noida having jurisdiction over our unit/area. We have recently received a letter from The O/o The Accountant General (C & R A), Lucknow (U.P.) that an audit of Central Excise receipts and refunds of our unit is to be conducted. Our query is : Are we liable to be audited by A.G (C & R A ) office. If so under what rule/section. If not how can we refuse/avoid the audit.
Anonymous
02 February 2011 at 23:38
while filling the income tax return,iam confused with ZERO,NIL AND NOT APPLICABLE.how to use the above terms.I AM very greatful if you could give an example. please clarify me.
thanks and regards
mahesh
Rave Gerawal
02 February 2011 at 23:06
Hi,
residential property in name of 3 family members is being sold after over 3 years. New residential propert being acquired will be registered only in name of 1 of the 3 sellers. Will they be able to avail exemption under long term capital gain ???
Anonymous
02 February 2011 at 15:01
I AM HAVING COLLECTORS LAND IN MUMBAI UNDER THE LAESE DEED FOR 99 YERAS. MORE THAN 90% OF LAND IS SUBLEASED OR GIVEN TO TENANT THE SAID SUBLEASED AND TENANTS ARE HOLDING THEM FOR MORE THAN 20 YEARS SINCE ALL THE OCCUPANTS ARE DESIROUS TO GET THIS PROPERTY REDEVELOP, THE BUILDER HAS AGREED TO GIVE SPACE IN THE NEWLY CONSTRUCTED PREMISES AND TO LESSEE A LUMPSUM AMOUNT FOR ASSIGNING THE RIGHTS TO GET THE PROPERTY REDEVELOP + THE SPACE HOLD BY LESSEE HIMSELF.
MY QUESTION.
1.HOW THE VALUATION WILL BE DONE FOR CAPITAL GAIN TAX PURPOSE ?
2.ON WHAT AMOUNT THE CAPITAL GAIN TAX WILL BE APPLICABLE TO LESSEE WHO IS ASSIGNING THE RIGHTS.
3. THE AMOUNT RECEIVED IN LUMPSUM WILL BE TREATED AS LONG TERM CAPITAL OR OTHER INCOME?
4. SCOPE AVAILABLE FOR TAX PLANNING.
Anonymous
02 February 2011 at 14:50
ir,
A aided managment school in tamil nadu having eight management members sold for Rs.2 crores documented.
For 8 members it is divided.
School built up by their father in the year 1935 with periodic renovations etc.
The cost of property is not at all available in the wills etc.
What is the tax consequences and arrive at the tax liability of each party.
If anyother thing to be noted specially please inform.
Anonymous
02 February 2011 at 10:49
In E1 Sales
1. Should the first invoice (i.e)invoice of the original seller must contain a word as E1 Sale anywhere?
Whether the delivery address in this invoice must be first buyers address or the subsequent buyer address?
2. When B purchase from A for rate of Rs. 100/- Can B raise invoice to C for Rs. 105/- including his profit or the rate should be the same as A?
If B can, should he have to pay tax for the difference amount- On what basis CST or Local Vat rates?
If B doesn't have to pay tax wont there be any question raised by the Govt. regarding revenue loss to Govt.
3. From this site I understand that the delivery address in the GR/LR copy should be the original buyer and it should be duly
endoresed in favor of the subsequent buyer by the original buyer. But my doubt is that finaly the freight will be paid by the subsequent buyer. So in the carriers receipt or the carriers freight invoice whose address should be mentioned- the first buyer or the subsequent buyer?
© 2026 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
deduction of home loan
I HAVE BUY HOUSE PROPERTY BY TAKING LOAN AND PAYING INTREST ON IT. I HAVE GIVEN IT TO MY PERENTS AND DUE TO SOME REASON I RESIDES ON RENTED PROPERTY IN SAME CITY.MY OFFICE IS IN ANOTHER CITY AND I M CLAMIMNG HRA FOR THIS.
NOW MY QUESTION IS WHETHER CAN I HAVE DEDUCTION OF INTREST OF LOAN OF RS 150000 AS WELL AS HRA.
AND WHAT WILL BE CONSEQUENCES IF HOUSE PROPERTY VACATED.