I have purchased two attached/connected (registered seperately) flats at west bengal after taking loans from two different banks. none of the flat is put on rent. I am working in faridabad, other than the town my flats are setuated. can the interest paid for both the loan be deducted from my salary for tax calculation? As no income is really realised from rent from the second flat, how to calculate the income from house property? please suggest me the best possibile option to save the tax on account of income from house property.
What all are the effect of not paying the income tax amount timely ,but filing of return is correct in the case of Firms.How authorities will take action ,whether they will charge or interest but how also in what manner.
Payment for Purchase materials for construct commercial property paid from personal account ,what is the journal entry
tell me the procedure for closure of loan??
also tell bank will return orginial documents to whom as the owner of the property is no more..kindly tell me whole procedure…asap
For management study in OXFORD University loan was taken from Bank at USA (as banks in India did not grant loan for want of security like house property/land) for which interest is paid to such bank. Please let me know whether the amount of interest paid to such USA bank is deductible u/s 80E in computing the net taxable receipt ?
Do I have to pay (income) tax for having recd. part property through a Settlement Deed.
Stamp duty of Rs.10,000/- and Reg.charges of Rs.2,100/- already paid during time of settlement by my mother.
The property is in Chennai, Tamil Nadu.
I am a senior citizen and getting pension, if i do daily trading in share market and make profit, is there any tax tax to be paid and how to account my transaction. whether i have to file any return in IT department?
i am running business for more than 20 years but i have never paid professional tax then is it neccesary to pay for 20 years. What should i do?
We have paid service tax in excess. There are no further transactions after the payment. Can we sefoff the excess balance of service tax paid to the sister concern by way of transfering some bills raised in the sister concern to the company in which ST actually paid by way of JVs?
How much IT exemption for the stamp duty and registration charges paid jointly to me and my spouse for a flat.? (Indian Income Tax Rule)
Me and my wife have jointly purchased a flat by paying total rs 235,000 towards stamp duty and registration fees for the flat. Can me and my wife are eligible for IT exemption of Rs 1 lac each for the same.