Anonymous
19 December 2010 at 10:03
Myself and my younger brother availed a home loan from a bank. Unfortunately, my younger brother met with a road accident and died after being in a state of coma for 12 days( having undergone a brain surgery). The EMI was shared by both of us though debited from my bank account.After his death also the EMI is debited from the same account though the entire burden of EMI amount is being borne by me. I am a salaried individual. The bank is issuing certificate for income tax rebate in the name of both of us. Can I claim deductions alone for the whole amount of interest and principal paid during the period.
Please suggest how should I claim deduction for the same.
hitesh
18 December 2010 at 13:54
If some one sell Agriculture land in the plots will it be eligible for exemption u/s 54B. If Yes then tell me the method to save tax
Further whether selling the land in plots will be treated as business income or capital gain.
Subhrangsu Bag
17 December 2010 at 21:49
One Person have gotten New VAT Certificate from Post office dated 25/11/2010 and there it is found that Vat Liability started on 31/08/2010. And the submission date of that quarter of VAT Return is 30/09/2010. Will there be any penalty imposed if he filed the Return within December 2010.
Anonymous
17 December 2010 at 20:13
Dear Sir
I own a house in Bangalore and given it for rent. If i buy another flaT will i get tax concession for interest spent on housing loan. if i stay in one and rent another what would be the tax
If i rent out both what would be the tax implication
can i claim concession under sec 24 for both the houses
Anonymous
17 December 2010 at 19:24
sir,
I am working in a pvt ltd co. We do interstate purchases of excisable goods.
in one such purchase part of the materials are rejcted by our qc.
Since it is an excisable good i prepared invoice and sent it back to my supplier.
pls tell me the cst reversed in such invoice ( whether it is to be viewed as sales or purchase returns)
should i show it in my cst sales and make that tax payment. i will also not get c form since their own material is sent back.
cst purchase returns how to deal this?
please help. my email id is natleoin1962@yahoo.com
thanks
with regards
S Natarajan
Parthasarathi Loganathan
17 December 2010 at 17:25
Recently, consequent to option for pension by Bank Employees, arrears was computed on account of wage revision effective from Nov 2007. However, employees who have opted for pension were asked to contribute to Pension Fund to meet the shortfall of Rs.1800 crores. Hence,only 15-20% of Net arrears were paid to the employees after deduction of the pension corpus fund. However, employees are taxed to the extent of gross arrears. Whether, the arrears is taxable for the gross arrears or the net arrears? Is there any law or Regulatory guidelines to elaborate this point? Though the pension fund contributed by the employee to the Government's shortfall, is it correct on the part of Government to deduct/pay tax on arrears amount. Please elucidate. Lakhs of Bank employees/officers are affected.
prithwish sengupta
17 December 2010 at 14:44
sir i want to know the following
1) what is the definition of Technician under the i.t. act?/
2) is gold smith a technician or contract labour??
3) should tds be deducted u/s 194C or 194J omn payment to technician.
refer any decided case law if any.
thanking you.
Prabakaran
16 December 2010 at 12:15
Good Morning to Everybody,
MAY I Know the eligibility of the Female employees related with Dependent.Is it possible to include Father in law and Mother in law?
Prabakaran
Chennai
dasd
16 December 2010 at 12:09
i've filed return of income on 9*11/2010 for fy 2009-10 but i've not yet submitted fourth quarter vat return of fy 2009-10 though i deal in (cloths-tax free item) .
whether i can file vat return now for period (1/1/2009 to 31/3/2010).
what is the timelimit of vat return (belated & effect of not filing till date).
to whom vat audit report is applicable & for which year?
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income tax rebate
Myself and my younger brother availed a home loan from a bank where I was the main applicant and he was the co-applicant. Unfortunately, my younger brother met with a road accident and died after being in a state of coma for 12 days( having undergone a brain surgery). The EMI was shared by both of us though debited from my bank account.After his death also the EMI is debited from the same account though the entire burden of EMI amount is being borne by me. I am a salaried individual. The bank is issuing certificate for income tax rebate in the name of both of us. Can I claim deductions alone for the whole amount of interest and principal paid during the period.
Please suggest how should I claim deduction for the same.