Forums
House property
Direct Taxation
answered on 06-Sep-23 14:10
When any fresh loan is taken for repayment of earlier loan which was taken for CONSTRUCTION of such house property, then that fresh loan's interest is also allowed as deduction .. But If that fresh loan is taken for repayment of loan which was taken for PURCHASE or ACQUISITION of house property , then also fresh loan's interest will be allowed as deduction? And i think fresh loan for repayment of loan for REPAIRS. for house property are not considered here .. ?
latest answer
Thank you so much
Samridhi Sareen
CA Inter
★ 830
2
501
Income from house property
Direct Taxation
answered on 07-Sep-23 07:21
Here in this ques 14 , why while calculating pre acquisition period interest is not considered ? In case of Calcutta HP, 500000 will be apportioned in 5 years as property acquired oh 1-4-22 , and in Pune 's house , repairs have been done in 22 -23 ? Only pre construction period interest is taken and not of pre acquisition period interest and pre repairs period interest ?
latest answer
Yes, pre construction period interest is only taken for 5 years equally proportionate.
Samridhi Sareen
CA Inter
★ 830
1
432
Valuations Under Custom
Indirect Taxation
answered on 06-Sep-23 18:00
Rule-7 Deductive Value Sir In This Method We consider Resale price and reduce all exp incurred by importer in India To Get ''CIF'' What if If He Not Sold ,I he brought for his personal purpose and he cant apply Rule-3,4,5,8 Please answer my question
latest answer
Deductive value is possible only when sold. If no rule is possible to apply then best judgement is done
Surya Prakash
CA Final
★ 19K+
1
460
Exams
Others
answered on 07-Sep-23 07:01
Mere gst ke 33 lecture law Fastrack ke 26 lecture cost ke 5 lecture pending h i fail in ca inter may 23 score 118 marks in account standards are weak tax mera weak hai please guide me cost mai icai material enough h kya
latest answer
In the next 2 months - Your target should be complete 100% of syllabus and revision. Only fast track may not be sufficient for first time preparation.
Paras Singla
CA Inter
★ 650
3
533
Sec 10(10) (iii) gratuity act does not apply
Direct Taxation
answered on 06-Sep-23 18:03
A salaried individual retires on 30 June so does the month of June is include/considered while calculating gratuity u/s 10(10) (iii)
latest answer
No. since they have mentioned in the law as "preceeding the month of retirement"
Atharv Sankliya
CA Final
★ 3K+
2
404
House property
Direct Taxation
answered on 06-Sep-23 18:04
If we pay municipal taxes or property tax in advance what is the treatment? we take proportionate taxes amount in further years or we take in year of payment of all advance municipal taxes also.
latest answer
Entire since municipal taxes are allowed as deduction on payment basis.
NAVEEN KUMAR
CA Inter
★ 100
3
506
Statutory limit of sec 10(10AA) for nov 23 students
Direct Taxation
answered on 06-Sep-23 18:04
What is the Statutory limit of sec 10(10AA) for nov 23 students
latest answer
For Nov 23 - It is 3 Lakhs only
Atharv Sankliya
CA Final
★ 3K+
1
429
PGBP
Direct Taxation
answered on 13-Sep-23 00:39
Plz explain point (2) of Q.(i) And which previous year is mentioned here
latest answer
Yes got it ... thanks
Rifhat Khan
CA Inter
★ 28K+
5
434
Rebate u.s 87A
Direct Taxation
answered on 06-Sep-23 18:07
The marked point shall be applicable only for person who pay tax under sec115BAC and not apply for person who pay tax under normal slab rates Am I right?
latest answer
Yes right.
Krishnan K
CA Inter
★ 5K+
2
574
Zoom link for tomorrow class
Indirect Taxation
answered on 05-Sep-23 18:37
When will I get the zoom link today or tomorrow sir??? Thank you in advance and Happy Teachers Day to all teachers
latest answer
In addition to email, you will see live classes link on home page
Dhakshana Dhakshana
CFA L2
★ 18K+
8
617