. SECURITIES,5,(MNP),2,(TDS)2007-08,1,`,1,01.07.12,23,01.09.2008,1,01.10.2012,2,06.07.2009,3,07.08.2012,1,1 PERCENT EXCISE ITEMS LIST,2,1 sep,1,1% excise,2,10 year nsc,7,10(10C),1,10(10D),1,10(11),1,10(12),1,1000 court cases judgements supplied to ITO,7,1000 rupee note,3,11-2008,1,11-2010,1,111A,2,130 items,1,14.08.2008,1,15 august,2,150 Rs coin,2,15g,14,15h,15,18-12-2009,1,192(1A),5,192A,2,194 I,3,194A,7,194c from 01.10.2009,7,194H,6,194j,15,194LC,3,194N,1,194q,2,1981-2007,2,2% cst,1,2% excise,1,2004,1,2008,1,2008-09 FY,1,2010,2,206AA,14,234A 234B 234C,10,234c interest calculator,11,234D,1,234E,16,234F,2,23AC,1,23ACA,1,23B,2,24C,3,24q annexure II,5,25 paisa coin,1,271(1)(c),5,271B,2,271H,4,272B,1,27A,1,280,5,280 challan,4,281,4,282,2,283,2,29 AUGUST,2,29.04.2010.,1,29/08/2008,2,29/2008 service tax,2,2g meaning use,1,3 idiots,1,30 MARCH,4,31st March,19,32-2010,1,33 of 2009,1,35(2AA),1,35(2AB),1,3CD,18,3g meaning use,1,40(b),4,43B,5,44 AB EXEMPTED INCOME,1,44AA,1,44AB AGRICULTURE,2,44AB new limit,29,44AB NON RESIDENT,3,44ad,19,44ada,3,46/2012 45/2012,1,49C,1,5 day week,1,5 years post office deposit,5,5/2011,1,50 paisa coin,2,500-1000 notes banned,128,54b,19,54EC,28,54ee,1,54f,22,54gb,1,5th paycommission punjab,1,6 % excise,1,6 crore advance limit,1,6/2005,1,69/2010,1,6th cpc,5,6TH PAY COMMISSION,6,70% of pan etds,7,7th Central Pay Commission,12,8 tips to save tax,2,80C,90,80ccc,3,80CCD,15,80cce,2,80CCF,18,80CCG,6,80d,10,80DDB,14,80EE,4,80EEA,1,80G,6,80GG,8,80GGA,6,80GGB,1,80ggc,1,80tta,5,80TTB,2,80U,2,85% of pan etds,1,86/2008 DATED 13-08-2008,1,87A rebate,8,89(1),21,89(1) relief calculator,18,9.5 % rate for private epf,8,92E,1,95% of pan etds,5,98 dated 04/01/08,1,aadhaar,18,aakash tablet,1,aam admi,1,aar,4,Aayakar Sampark Kendra,1,abatement,13,abolished,1,ACCOUNT PAYEE DRAFT,2,Accounting,1,ACCOUNTING CODE,11,accounting code for services,6,ACCOUNTING FOR GOVT GRANTS,3,accounting standards,12,ACES,10,ADD IN,1,Add-Ins,2,additional relief in budget 2010,1,adjustment of advance FBT with advance Tax,2,advance rullings,3,advance salary,2,advance tax,2,ADVANCE TAX CALCULATOR,10,advance tax challan,19,advance tax collections,1,ADVANCE TAX CUT OFF AMOUNT,12,ADVANCE TAX DATES,20,AFFIDAVIT,2,affordable housing,1,AG Projects Technologies Ltd RT,1,age 80 addition pension,2,aibea wage revision,1,aibea wage revision latest news,1,aiboa,1,aiboc,1,aiboc wage revision,1,AIG,1,AIR,10,airline ticket booking tds,7,airlines,3,all is well,1,allowances,5,allownces,4,alphabet of inspiration,1,alteration on check allowed,3,alternate minimum tax,4,AMENDED 3CD,12,amendment in companies bill 2011,2,amendment in gratuity act 2010,5,amendment in registration service tax,4,AMENDMENT IN SERVICE TAX ON RENT,6,amendment to finance Bill 2010,1,AMNESTY SCHEME 2007,2,amt,2,Anna Hazare,2,anna hazzare bill vs govt lokpal bill,1,appeal,15,apply for new pan card against old pan card,3,aqb,1,arbitration,2,arrears of salary,4,arrears of sixth pay,6,ARRERS TAX,2,AS-12,1,ASBA,1,assessee in default,2,ASSESSMENT REOPENING,8,ASSESSMENT YEAR 2008-09 REFUND,1,atm,13,atm 100 per day,2,atm cash without card,2,atm tips,9,atm wrong debit,1,audit cases itr filing,2,audit limit enhanced,13,Audit Questionaire,1,AUDIT REPORT,63,AUS VS IND.INDIA VS SL,1,Automated teller machine,1,AUTOMATION OF CENTRAL EXCISE AND SERVICE TAX,7,ay 2010-11,1,bad debts,2,Balwant Jain,180,Bank,6,Bank account,15,bank audit,3,bank audit 2012,1,bank charges,19,BANK SALARY,2,bank strike 06/07/09 and 07/07/09,1,banking law amendment,1,banknotes,6,banks npa provisioning,4,BARE ACT,4,bare rules,1,BASE RATE BY BANKS,2,bcct,1,belated return,1,benami property,1,BIMAL JAIN,471,biometric pan card,3,black and white form not acceptable,2,black money,27,BLOCK PERIOD,1,blogging,1,bobay refund,1,BONUS,2,bonus share,2,book discount,5,BOOK ON EFILING,1,BOOK REVIEW,1,books of accounts,6,BOOMING INDIAN ECONOMY,3,both House rent allowance,8,both hra and house loan,15,Brass Scrap,3,BRIBE CASE,1,BROKER,3,BSE,1,bsnl broadband,1,bsnl broadband usage,1,bsnl land line sms alert,2,BSR CODES,3,BUDGET 2009,18,budget 2010,28,budget 2010-11,4,budget 2011,13,BUDGET 2012,38,budget 2013,17,BUDGET 2014,39,BUDGET 2014 CONTEST,6,budget expectations,8,BUDGET HIGHLIGHTS,11,budget live on computer,5,budget live telecast,5,budget notification,1,budget on tv,1,budget speech,16,BUDGET SPEECH DOWNLOAD,2,Budget-2014,2,Budget-2015,45,BUDGET-2016,71,budget-2017,28,BUDGET-2018,32,BUDGET-2019,22,BUDGET-2020,2,budget-2022,9,BUDGET-21,39,Budget-23,51,BUDGET08,5,BUDGET2018,1,Business,5,BUSINESS AND PROFESSION MEANING,1,BUSINESS COVERED UNDER 44ab,2,buy back,1,BUY HOUSE,4,C FORM,5,CA CAN ONLY AUDIT MVAT,4,CA CLUB INDIA,1,CA GIRISH AHUJA,3,CA NITIN GUPTA,5,CA PARDEEP JAIN,5,CA ROHIT GUPTA,4,ca services,3,CA sudhir Halakhandi,1,CA Swapnil Munot,15,CA Vikas Khandelwal,9,calculate arrear,1,CALCULATE NEW PAY,2,calculate your emi,4,calculation of tax on salary arrears,4,CALCULATOR,72,CALCULATOR REVISED,1,capital asset,4,capital formation huf,3,Capital gain,45,capital gain account scheme 1988,11,CAPITAL GAIN INDEX,30,capital gain on repayment of loan,2,capital gain on tenancy rights,1,capital goods,3,capital revenue,1,CAPITAL SUBSIDY,3,CAR LOAN,1,CAR LOAN RATE INCREASE,12,carry forward of losses in late return,5,cas,1,cash back,1,Cash credit,2,cash flow statement,1,CASH PAYMENT DIS ALLOWANCE,11,CASH PAYMENTS EXCEEDING 20000,5,CASH SUBSIDY,3,Cash Transaction 2016,8,cbdt,15,cbec,9,CBI ARRESTED,1,centeral sales tax rate,2,CENTRAL PAY COMMISSION,6,CENTRAL PROCESSING CENTER,2,CENTRALISED PROCESSING OF RETURNS,1,Cenvat,63,CENVAT Credit Rules,81,cgas 1988,3,challan,7,challan 281,10,CHALLAN 289,1,challan correction,8,challan Form 17,11,CHALLAN STATUS INQUIRY,1,change,1,change in cst rate,5,change in excise duty rates,11,CHANGE IN PAN ADDRESS,3,CHANGE IN PAN DATA,7,change in tds rates in budget,14,changes,2,CHANGES IN SERVICE TAX ACT,58,changes in income tax,1,changes in new itr forms,11,CHANGES IN TDS,14,CHARGES ON CASH PAYMENT OF CREDIT CARD BILL,3,charitable organisation,5,check name from PAN,2,check tds deducted online,3,Cheque,12,cheque bounce,7,cheque payment before due date,8,cheque tender date /realisation date,4,Cheque Truncation,7,CHEQUE VALIDITY,9,child care leave,3,CHILD DEPENDENT PREMIUM,1,CHILD MARRIED PREMIUM,1,child plan,1,childeren name,1,children education allownces,10,chip based atm card,4,cibil,13,cibil for companies,5,CII 2007-08,1,CII 2008-09,2,CII 2010,1,cii 2012-13,1,CII2011-12,1,cin,2,CIRCULAR 3/2010 DT 2.03.2010,1,CIRCULAR 8-2010,1,CIT v. Emilio Ruiz Berdejo (2010) 320 ITR 190 (Bom.),1,cloning of atm card,1,clubbing of income,2,COLLECTION CHARGES,1,COLOR SCHEME,1,COMMISSION ON SMALL SAVINGS,2,common error in 2009-10,1,common error in itr 4-5-6,3,compa,1,companies bill 2012,2,COMPANIES RATE,2,COMPANY BILL 2011,6,company deposit,5,Company Law Settlement Scheme,5,COMPANY REGISTRATION,4,complusory payment of taxes,1,COMPOSITE SUPPLY,3,Composition scheme GST,15,Composition scheme service tax,2,compounding of offence,1,COMPUTER AS FAX MACHINE,1,computer sytem at ito office,1,CONCEPT PAPER,1,configure yahoo mail in outlook express,7,consolidate account statement,5,construction purchase of house,9,Consultancy Service,2,consumer loans,2,Consumer Price Index,2,consumer protection,1,continues services,1,CONTRIBUTION TO NEW PENSION SCHEME,10,CONTRIBUTORY PENSION FUND,3,CONVERT FIGURES INTO WORD EXCEL,8,COPARCENER,1,CORONA,8,CorpMcash,1,Corporate Social Responsibility,1,corporate tax,1,corporation bank,3,correction etds,10,CORRECTION IN PAN DATA,8,correction in section,4,CORRECTION RETURN,6,CORRECTION RETURN.ETDS,7,cost accounting,5,cost audit,6,cost inflation index,20,cost inflation index 2012-13,2,COST INFLATION INDEX FY 2010-11,1,COST INFLATION INDEX FY 2011-12,1,COST OF INDEXATION CALCULATOR,5,court case in entry tax punjab,2,covid-19,3,cpc phone number,6,cpf,7,Credit card,25,CREDIT CARD BILL PAYMENT ICICI BANK,6,credit scores,8,cricket team,1,critical illness,1,CROSSED DEMAND DRAFT,2,CRR,14,crr reducred,1,cryptocurrency,1,CS DIVESH GOYAL,69,CST,12,CST 3% OR 2 %,3,cst act 1956,1,cst form,6,CST FORM STATUS,1,cst rate changed,3,CST REDUCE RATE,4,ctt,3,currency,2,CURRENCY TRADING ILLEGAL,1,custom,4,custom changes in budget,18,cusual leave,1,DA MERGE,2,da rate,16,da rate 01.07.2012,4,da rate january 2013,4,da rate july 2012,3,da rate wef 01.01.2012,4,date extension,4,DDO ASK RENT RECIPT,1,ddt,4,dearness allowance,15,Debit card,11,DEBT EQUITY RATIO,1,debt funds,13,debt trap,1,declared goods,1,DEDUCTION 80C,6,deduction for higher studies,3,deduction on saving bank interst,2,deduction u/s 80DD,6,Deemed income of employee,1,deemed services,1,defective return,4,defence officers,1,defence pay,1,defence pay scales,2,DELAY IN FILING,3,delete ledger in tally,1,DELHI HIGH COURT,11,demat,4,deposit tax of two quarter in single challan,3,depreciation,15,depreciation on car,3,depreciation on commercial vehicle.,2,DEPRECIATION ON INTANGIBLE ASSETS,3,depreciation rate,13,depreciation rate 2009-10,3,DETAIL AFTER E FILLING,1,DETAIL OF TIN,1,Determination of value,1,DIFFRENT TYPE OF TAXES,1,digital signature,10,din,4,direct payment in bank account,1,DIRECT SUBSIDY,10,direct tax bill,6,direct tax changes in budget,25,direct tax code,39,direct tax code 2009,6,dis,1,Disability insurance,4,discussion Paper,4,distribution of salary,2,dividend distribution tax,2,dividend striping,1,dnd,1,do not call.,1,document identification number,1,document ientification number,1,documents required for service tax registration,5,domestic transfer pricing,5,donation,3,dot,1,double taxation,1,dow jones,1,download,1,download 89(1) relief calculator,11,download direct tax code 2012,10,download form 16A,7,download fvu,28,download idfc INFRA BONDS FORM,1,draft reply,1,drawback rates,2,dtaa,4,dtc,10,DUE DATE AY 2010-11,2,due date ay 2011-12,3,due date extended,72,due date extended to 31.08.2012.,2,due date for service tax return,36,due date form 16,21,due date form 16a,10,due date June,2,due date march tax,11,due date of return 2008-09,3,due date pf esi,6,due date to deposit tds,15,DUE DATES,17,DUE DATES CALENDAR,8,DUE DATES CALENDER,9,DUE DATES INCOME TAX,23,DUE DATES SERVICE TAX,42,DUE FAMILY PENSION,1,DULICATE PAN,1,DUPLICATE TAN,5,dvat,8,e book Income Tax rules,3,e book on service tax,22,E ERA OF TAXES,1,e filing do and don'ts,7,e filing of audit report,10,e filing processing status,8,e filing software excel free,4,e filing through evc,10,e filing utilities,6,e mode for notice to shareholder,1,e notice to share holder,1,e payment of epf,5,E PAYMENT OF EXCISE DUTY,2,e payment of income tax,5,E PAYMENT OF SERVICE TAX,4,e payment of tds,8,E STAMP DUTY,1,e tutorial for TAN registration,3,E-1 FORM,1,E-1 SALE,6,e-commerce,1,E-FILE SERVICE TAX RETURN,18,e-Intermediary,1,e-payment from friends account,2,E-PAYMENT OF SERVICE TAX,9,e-payment of taxes,6,E-SEVA BY ICAI,4,e-TDS/TCS statements,2,E-WAY-BILL,15,earn from home,1,earned leave,2,Easy Exit Scheme,1,ebay,1,EBOOK,74,EBOOK ON SERVICE TAX,23,economic survey,9,economic survey 2010,3,economic survey 2011,2,economic survey 2012,1,Edible Oils,1,EDITABLE INCOME TAX FORM,1,education cess,6,EDUCATION LOAN,5,eet,4,EFFECTIVE DATE CST RATE REDUCTION,2,effective date of allowncs,2,efiling errors,5,efiling free,2,efiling income tax return,31,efiling of excise return,6,efiling registration problem,18,electric vehicle,1,Electricity act,2,ELECTRONIC FOREX TRADING,1,Electronic Gold Receipts,1,Electronic Verification Code (EVC),10,elegent card on holi,1,ELSS,20,EMANAGEMENT OF TAXES,1,EMI CALCULATOR,8,empanelment as branch auditor,2,EMPLOYEE PROVIDENT FUND,9,employee state insurance,2,employee state insurance act 1948,1,employee state insurance act Limit,1,employer e sewa,4,eMudhra Consumer Services,1,entries r off in 50 paisa,1,entries rounded off in rs,1,ENTRY TAX,5,entry tax punjab,2,epf,55,epf challan,33,epf claim,12,epf e passbook,8,EPF FAQ,33,epf int rate 11-12,6,epf interest exemption,11,epf interest rate,25,epf interest rate for fy 2010-11,8,epf limit,8,epf online,12,EPF ONLINE CHALLAN GENERATION,4,epf statement,6,EPF TRUST,1,epf withdrawals,12,epfo,44,equal monthly installments,2,equity funds,7,ER-1,2,ER-2,2,er4 form online,1,error in etds return,10,error in st-3,5,esi,7,esi contribution,3,esi limit 10000,1,esi limit 15000,4,esi limit from 01.05.2010,1,esi return,1,ESOP,5,ETABF,1,ETAX,2,etcs,10,etds,33,etds correction,17,etds defualts,2,etds due date,9,ETDS FVU 3.1,3,ETDS PAYMENT,3,ETDS Q4 ANN II,3,etds retur with insufficient pan,2,etds return,25,ETDS RETURN DUE DATES,24,etds return less deduction of tax.,2,ETDS RTEURN SOFTWARE,2,etds software,5,etds without pan,5,etrip,1,Excel,11,EXCEL 280,2,excel add in,1,EXCEL CII,5,excel form 16,10,EXCEL SHORT CUTS,9,excel software,2,excell add in,4,EXCESS TDS,7,Exchange-traded fund,3,exci,1,excise,10,excise changes in budget,19,EXCISE FORMS,1,excise notification,2,Excise on branded goods,2,excise on utensils,1,excise rate reduced,4,EXCISE REGISTRATION,5,exclusion from capital asset,1,exempted capital gain,6,EXEMPTION GST,3,exemption limit increased,4,EXEMPTIONS IN FEW SERVICES,2,exice duty on new items,1,EXIDE CASE CALKUTTA HIGH COURT,2,EXPANSION OF EXISTING SERVICE,1,EXPLANATORY NOTES TO FINANCE ACT(2) 2009,1,export,21,EXTENSIBLE BUSINESS REPORTING LANGUAGE,1,extra level security in credit card,2,face book url,1,face book username,1,facebook,2,fake prize money,3,family pension,8,FAQ,61,faq on fbt on esop,3,FAQ VAT,8,fast facts,1,father can claim for son studies,1,FAX FROM COMPUTER,1,FBT,6,FBT CALCULATOR,3,fbt challan,1,FBT ON ESOP,5,fc(r) ACT,1,fd interest rate,4,fdi in insurance and telecom,4,fdr,13,FEMA,3,FIGURES TO WORDS,2,fii,1,file free etds statement,1,file validation utility,3,Finance,80,finance act,9,Finance Act (2) 2009,2,finance act 2010,1,Finance act 2011,1,FINANCE ACT 2012,4,finance bil 2012,6,finance bill 2010,3,finance bill 2011,3,finance bill in lok sabha,8,finance bill top news,1,finance bill(2) 2009,1,Finance Minister,6,finance ministry,3,financial adviser,6,financial crises,1,FINANCIAL PLANNING,21,Financial Services,2,first class rail passenger fare from 01.10.12,3,first discussion paper on gst,5,first name in pan card,2,first quarter fringe benefit tax adjustment,1,fiscal cliff,1,FIVE IN ONE,1,FIVE IN ONE TAX CALCULATOR,1,Fixed deposit,24,fixed maturity plan,8,FLOW CHART ON FBT ON ESOP,3,fm speech on 07/05/2012,1,fmc,1,FMV OF ESOP,3,FMV UNLISTED COMPANY ESOP,2,FN 275-192-2009,1,FOREIGN COMPANT FBT ON ESOP,1,foreign direct investment,1,foreign dividends,2,foreign exchange money changer service tax,3,foreign individual in shares,1,Forensic Auditing,1,Forex derivatives tax,3,forex trading,3,forget password,2,Form 10E,1,form 12BA,1,FORM 16,22,FORM 16 A SOFTWARE,6,FORM 16A,15,FORM 16A FROM ETDS FVU,3,form 16A from fvu,1,form 16a from nsdl,6,FORM 16A GENRETION SOFTWARE,3,FORM 16A PDF,2,fORM 16aA IN FIVE MINUTES,1,form 18 punjab vat act,1,form 26as,34,form 26q,4,form 26q online free,4,form 29C,1,form 49a excel/pdf/online,5,formation of huf,15,forum site,1,FORWARD CONTRACTS ACT 1952,1,fpo,1,fraud mail,4,free auto filler for epayment of taxes,4,FREE CHALLAN SOFTWARE,2,free e filing Income tax return 11-12,2,free epayment auto filler of challan,3,free etds return,12,free etds software,7,FREE INCOME TAX ACT,2,free income tax return,3,free itr-1,8,free itr-2 e filing,3,Free online Books of Direct Tax for F.Y.2008-09,2,free online greeting card holi,1,free samples,2,FREE SOFTWARE,1,FREE SOFTWARE FOR ETDS,4,FREE TOOLBAR WITH SEARCH,2,Fringe Benefit Tax,2,full partition of huf,2,future and options,8,fvu,8,FVU 2.130,1,FVU 2.131,1,fvu 2.216,1,fvu 3.0,1,fvu 3.2,1,fvu 3.3,2,fvu 3.4,1,GAAR,8,GAIN ON SALE OF SHARES,16,GAR-7,2,gas cylinder,1,GAZETTE NOTIFICATION,4,gdp,1,General anti avoidance rule,4,general insurance,1,general provident fund,1,generation company,1,GIFT BY NRI,5,gift deed to huf,8,gift from relative,14,gift in kind,15,gift on marriage,10,gift tax,19,gmail,2,Goal calculator,2,gold bond scheme,17,gold deposit scheme,9,GOLD LOAN,11,Gold Monetization Scheme,10,gold silver rates 10 years,4,Goods and Services Tax,22,GOODS TRANSPORT AGENCY ABETMENT,10,goods transport agency service tax,10,GOOGLE SEARCH,1,google tool bar,1,Gopal Kumar kedia,1,got approved from president,1,GOVT NOTIFICATION CST,2,gpf interest rate,5,gpf interest rate 8.6 %,1,gpf interest rate 8.8 %,1,gratuity,12,gratuity limit enhanced,5,Green-channel banking,1,GREETING CARD ONLINE,3,GROSS RECEIPT MEANING 44ab,7,GST,649,GST ADVANCE RULING,1,GST ASSESSMENT,1,GST CHALLAN,8,GST Council,1,GST INVOICE,15,GST ON INSURANCE PREMIUM,1,GST PAYMENT,7,GST RATE CHART,40,GST REFUND,4,GST REGISTRATION,7,GST RETURN,75,GST SUGGESTIONS,3,GST TDS,5,GTA,14,guarantee Nav,1,guidelines for selection of cases,3,gujrat vat act,2,half pay leave,1,HAPPY DIWALI,5,HAPPY NEW YEAR,6,HBA-HRA,8,hdfc bank,5,Health care,2,Health insurance,19,health plans,4,health service,2,help on tax,1,HIGH VALUE TRANSACTION,6,HIGH-VALUE TRANSACTIONS,3,HIGHER SECONDARY CESS,6,HIGHER TDS WITHOUT PAN 01.04.2010,4,HINDU UNDIVIDED FAMILY,17,hiring motor vehicle,2,holi card,1,holiday,5,holiday on election day,4,holidys,2,Home insurance,5,home loab,1,HOME LOAN,40,hospitals,1,house budget,2,house completion,3,house loan 150000 or 30000,5,house loan and tax svaing,21,house loan at discounted rates,7,house loan on two houses,8,house loan reduuced,2,house property,10,house valuation,5,house wife,1,how to calculate income on salary,1,how to calculate new basic,1,how to calculate new da rate,5,how to claculate income on salary,8,how to file correction statement,6,HOW TO FILE RESPONSE TO INCOME TAX DEPARTMENT,1,how to fill date column in punjab vat form 18,2,HOW TO FILL ITR-2,3,how to fill tds challan 280,9,how to invest in Mutual funds,8,how to pay service tax online,4,HOW TO SELECT ITR FORMS,2,How to use atm,5,HRA and house loan,14,HRA AND TRANSPOT DEDUCTION IN Q4 SALRY RETURN,2,HRA CALCULATION,9,HRA CALCULATOR,11,HRA EXEMPTION,1,HRA EXEMTION,6,HRA FAQ,7,HSC ACC CODE,3,huf and 54B,5,HUF CAPITAL,6,HUF CONTRACT POWER,1,huf creation deed,4,HUF DEFINITION,5,huf formation,5,HUF KARTA,5,huf member name,2,HUF PARTITION,5,HUF TYPE,2,ICAI,66,icai suggestions,6,ICAI tool bar,5,ICDS,2,ICES,1,ICICIBANK CREDIT CARD,8,idfc infra bonds,3,ifci,3,IFRS,4,ifsc,1,iifl,2,immovable property,12,IMPACT OF GST,71,implementation of report,2,import,3,IMPORTANT DUE DATES,7,INCOME FROM HOUSE PROPERTY,20,Income from Mutual funds.,14,income from other source,1,income from share equity,14,income processing pending,1,Income tax,12,income tax slabs fy 2008-09,1,INCOME TAX ACT,2,INCOME TAX ACT EBOOK,2,income tax act tds 194C,3,Income tax benefit in budget,1,INCOME TAX CALCULATOR,23,INCOME TAX CALCULATOR 09-10,5,income tax calculator 12-13,2,Income tax calculator 2011-12,3,income tax case selection,1,income tax changes in budget 2010,1,income Tax circular,2,income tax circulars from 1961,1,income tax code 2009,1,income tax due date extended,5,INCOME TAX FORM FILLABLE,1,income tax forms,5,income tax help tool bar,2,income tax notice on late deposit of tds,1,Income tax notification,4,income tax notification from 1961,1,income tax office,4,income tax payment through atm,1,income tax rate chart. i tax rates 12-13,3,income tax rates after budget 2012,2,income tax rates fy 2013-14,1,income tax refund,31,income tax return,38,INCOME TAX RETURN 16-17,15,INCOME TAX RETURN 20-21,11,income tax return 2011-12,9,INCOME TAX RETURN 2015-16,65,Income Tax return 23-24,2,INCOME TAX RETURN AY 18-19,15,income tax return due date,19,INCOME TAX RETURN EXEMPTION,6,income tax return form,5,INCOME TAX RETURN FORM 12-13,16,INCOME TAX RETURN FORM EXCEL,4,income tax return form itr-2,1,income tax return last date,5,Income tax rules,7,INCOME TAX SLAB,12,income tax slab in dtc,1,income tax slabs,7,INCOME TAX SLABS AFTER BUDGET,4,income tax ules 9th amendment,1,INCOME WISE ITR FORMS,2,INCOME-TAX-RETURN-AY-17-18,18,INCOMETAX 6TH PAY,2,inconsistancies in etds returns,10,inconsistencies in etds returns,3,IND AS,1,ind-as,3,INDEMNITY BOND,1,India against corruption,3,india budget,2,INDIA VS AUS,1,India win world cup,1,INDIAN BANK CHARGES,7,INDIAN INCOME TAX CALCULATOR 2007-08,1,indian rupee,3,indirect tax proposals,4,INDIVIDUAL HUF TAX RATES,5,indusind bank,1,INFLATION INDEXED NATIONAL SAVING SECURITIES,1,infosys,1,infra bonds limit increased,1,infrastructure Bonds,13,inoperative accounts,8,INPUT SERVICES,4,INPUT TAX CREDIT,19,instruction no 9/2010,1,INSTRUCTION TO FILL ITR-2,1,Insurance,16,insurance claim,2,Insurance policy,10,intangible assets,1,INTER BANK MOBILE TRANSFER,7,inter haed loss adjustment,3,interest,1,interest free laon,2,Interest from bank,3,interest on borrowing capital,3,INTEREST ON HOUSE LOAN,37,INTEREST ON LATE DEPOSIT,13,INTEREST ON LATE GRATUITY PAYMENT,1,interest on ppf account,16,interest on self occupied house,1,interest on small savings,10,interest rate on late deposit,3,interest rate on tds late deposit,4,interest taxable on saving,3,interim budget,5,internal auditor,1,international taxation,7,INTIMATION U/S 143(1),6,Investing,4,Investment,5,investment in shares,2,Investment management,6,investment yogi,1,IPL 2011,1,ipo,5,IRDA,22,irds,1,it calculator 2009-10,1,itat,5,Itax calculator ay 2011-12,2,itax calculator fy 10-11,1,itns 280,2,itns 281,1,itns 282,1,itns 283,1,itns281,2,itr -3 excel 2010-11,1,ITR 11-12,2,itr 2 excel,2,itr 2 rpu,3,ITR 23-24,1,itr 4 e filing utility,4,itr 4 fy 2010-11,1,itr 4 rpu,1,ITR AY 18-19,15,ITR EFILING SOFTWARE,10,ITR FORM 12-13,5,itr form 13-14,16,itr form 2 ay 2011-12,1,itr form 2008-09,4,itr form 2011-12,4,itr form 2013-14,1,ITR FORM AY 19-20,7,ITR FORM SAHAJ,17,ITR FORM SELECTION,4,ITR FORM SUGAM,6,itr forms,24,itr forms ay 2009-10,4,ITR RPU 2010-11,2,ITR RPU AY 2008-09,2,ITR RPU AY 2009-10,1,ITR SOFTWARE,3,itr sugam,6,ITR V STATUS,4,ITR WORD FORMAT,1,ITR-1,2,itr-1 2010-11 ay,6,ITR-1 EXCEL 08-09,2,ITR-1 EXCEL 11-12,1,ITR-1 rpu in excel free,1,ITR-2 AY11-12,2,ITR-2 EXCEL 08-09,2,itr-2 excel 2010-11,4,ITR-2A,1,ITR-3 EXCEL 08-09 AND ITR 4 EXCEL 08-09,1,itr-3 rpu,1,itr-4 efiling .itr-5 efiling,5,ITR-4S SUGAM,4,ITR-5 EXCEL,2,itr-6,1,ITR-7,2,ITR-V,27,itr-v status,19,ITUR FORM SUGAM,1,jan 2012 da rate,3,jan lokpal bill,5,jan lokpal vs lokpal bill,2,JAVA BASED INCOME TAX RETURN FORMS,1,JCO,1,Jewellery,6,job switch,2,Job work,11,joint employment,1,joint name,4,judicial decision,1,karnataka high court case,5,key highlights,1,kisan vikas patar,4,KKC,3,KNOW ALL ABOUT TDS,1,KNOW PAN STRUCTURE,7,know the ip address of sender yahoo mail,3,KNOW YOUR,10,KNOW YOUR CST NUMBER,5,know your customer,6,KNOW YOUR DIVISION CODE,1,know your epf balance,12,know your ip address,1,KNOW YOUR LOCATION CODE,2,know your pan,28,know your pan address,2,KNOW YOUR PPF,12,know your refund status,20,KNOW YOUR REFUND STATUS ONLINE,10,KNOW YOUR SERVICE TAX NUMBER,9,know your tax deducted,2,know your tax deposited,2,KNOW YOUR TIN,8,KNOW YOUR VAT/TIN NUMBER,4,Krishi Kalyan Cess,15,krishu kalyan cess,1,KV Kamath,1,kvp,7,kyc,13,LAHMAN BROTHERS,1,land lord pan must,2,laptop,1,LARGE TRANSACTION,3,last date to deposit tds,1,LAST DATE TO FILE ETDS RETURNS,2,last date to file itr 2007-08 extended,1,late deposit of tds,2,LATE FILING OF ITR-V,20,late funishing of return,5,late payment of service tax,4,latest depreciation rates,9,latest income tax circulars,1,latest income tax notification,1,latest notification,3,latest tds rate chart,23,leave,2,leave encashment,9,LEAVE TRAVEL ASSISTANCE,7,Leave Travel concession,8,less,1,liaison office,1,lic,8,lic jeevan vaibhav,1,LIC JEEVAN VRIDDHI,2,lic table 145,1,Life insurance,48,life insurance agent,10,life insurance broker,4,LIFE INSURANCE POLICY,40,LIFE INSURANCE POLICY AND TAX SAVING,20,LIFE INSURANCE PREMIUM,18,Limit for court case,3,Limit of gratuity under income tax,5,LIMIT UNDER SECTION 44AF,2,LIMITED LIABILITY PARTNERSHIP,8,liquidity crises,2,list of taxable service,2,LIVE BUDGET STREAM 2011,1,LLP,9,LLP RATES,1,loan against fdr,4,loan against property,2,loan eligibility,2,loan for higher education,3,LOAN ON PPF,5,loan repayment period calculator,1,LOAN RESOLUTION,1,LOAN SECURITISATION,1,Lok sabha election results/trends all states and all seat,4,lokpal bill,2,long term capital gain,21,low cost laptop,1,lpg,6,lt infra bonds,1,LTC BY AIR,7,LTC OUTSIDE INDIA,2,LTCG,9,lucknow chartered accountants,1,macro,2,Mahila Samman Bachat Patra,2,mail frauds,1,mail scams,1,mandap keeper,5,mandatory e filing service tax return,15,mandatory epayment of taxes,12,Manoj Agarwal,9,manpower,9,marked to market,1,marketable product,1,MasterCard,4,mat,3,maternity leave,3,MCA-21,15,McDowell and Co. Ltd. (154 ITR 148),1,meaning of transfer in capital gain,1,meanings of finance terms,6,medical insurance premium,14,MEDICAL OFFICER,3,medical u/s 80D,28,MEET,1,MENREGA,1,merge ledger in tally,1,MICR CODE,5,Microsoft,5,Microsoft Excel,7,military pay,2,minimum alternative tax,9,minimum balance,5,minimum experiance for bank branch auditor,1,minimum experience for bank branch auditor,1,minimum service,1,minimum wages,5,Minor income,2,mip,1,mis matching,12,MISTAKES IN ETDS RETURN,5,mistakes in itr,1,mistakes in return filling,1,MIXED SUPPLY,2,Mobile Number Portability,5,MOBILE WALLET,1,Money,3,MONEY MATTERS CASE,1,Money Mistake,2,monthly income plans,3,monthly income scheme,8,MOTOR INSURANCE,2,MRTP,2,ms excel,1,MS OFFICE,2,MSME,4,multipal challan,2,multiple pan,2,Mutual Fund,58,mutual funds and tax,29,MVAT AUDIT,7,mvat audit form 704,4,Nabard Bonds,2,name break up in pan,1,nandan nilekeni,1,NATIONAL ELECTRONIC FUND TRANSFER,1,National Identification Authority,1,NATIONAL SAVING CERTIFICATE,3,NAV,1,NEFT,10,NEGATIVE LIST FOR TAX ON SERVICES,31,Net asset value,3,net banking,3,new excise return form,3,new 194 c,5,NEW BASE RATE INTEREST,1,NEW BASIC AND GRADE PAY,2,new basic formula,1,new coin,1,new cut off limit for TDS,2,new da rate,10,new deduction,3,NEW EST-1,1,new etds requirement,1,NEW EXCISE DUTY ITEMS,2,New Foreign Trade Policy,4,NEW FORM ITR FY 2010-11,1,new fuv 2.110,1,new fvu 2.128,3,new income tax act,1,new income tax calculator,5,NEW INCOME TAX RATES,30,new income tax return form 2010-11 itr-1,3,new income tax return form 2010-12 itr-1,1,New Infosys Chairman,1,new itr form,6,NEW ITR FORM AY 2011-12,3,new itr forms,14,NEW ITR FORMS EXCEL,6,new jeewan dhalan,2,NEW PAN APPLICATION,13,NEW PAN CARD,8,NEW PARTNER ADDED,1,NEW PAY BAND,2,NEW PAY SCALE FOR UNIVERSITIES COLLEGES,1,NEW PAYSCALE FOR PROFESSOR LIBRARIAN DPE,1,new pension scheme to govt employee,16,NEW RUPEE SYMBOL,5,new rupee symbol font,2,new sahaJ tax form,5,new section 44AF,2,new service tax rate 12.36,6,NEW SERVICES UNDER SERVICE TAX,8,new tax form,1,NEW TAX RATES,5,new tds rate 2010-11,10,new tds rates fy 2009-10,11,new tds rules applicable.,8,NEW TDS RULES FY 2010-11,4,New Year's Day,1,newly weds,1,nhai bonds,4,nhai capital gain bond,4,nhai tax free bonds,4,nifty,1,nil etds challan,4,nil etds return,5,nil tds on transportor,5,Nishant Batra,2,no return for salary,2,No.402/92/2006-MC (10 of 2008),1,nomination,1,non deduction certificate,1,non deposit of TDS,1,non performing assets,1,NON RESIDENT INDIAN,16,NOR,1,note security features,3,NOTES ON 3CD,10,notice of meeting through email company,1,notice pay,5,notices etds,2,notification 19/2008 service tax,1,Notification 19/2009-ST,1,notification 22/2011,1,notification 23/2011,1,notification 24,1,NOTIFICATION 25/2012,7,Notification 26/2011,1,notification 3-2011,1,notification 32/2009 dated 27.03.2009,1,NOTIFICATION 36/2011,2,NOTIFICATION 41 DT 31.05.2010,1,notification19.03.2012,2,npa norms,3,NPCI,1,NPS,39,NRI,29,nri investment indua,4,NRI.PIO,17,NSC ACCRUED INTEREST,15,NSC INTEREST CALCULATOR,8,nsc.,11,NSDL,4,NSE,2,NUMBER TO TEXT,1,numbers in to text,1,OCI,3,official notification,1,official website,2,oidar,1,oltas,4,one increment,2,ONE RANK ONE PENSION,1,one thousand rupee note,2,online,1,ONLINE BALANCE CHECK EPF,4,online bsnl bill verification,2,online deposit of tax,7,online earning,1,online emi calculator,1,online employee provident fund,3,online epf balcnce,8,online filing of service tax return,14,ONLINE FOREX TRADING,1,online life insurance,6,ONLINE PAN,3,online pan verification,3,online rectification itr,2,online refund,16,ONLINE REFUND STATUS,7,ONLINE REGISTRATION OF COMPANY,2,online return rectification,2,online service tax,2,online services by Govt,1,ONLINE ST-3,7,online tan regsitration,6,online tds payment,4,ONLINE VAT,2,opc,2,OPEN OFFER,1,option date,2,orop,1,other forms,1,other income to employer,4,out of debt,2,OUTPUT SERVICE TAX CREDIT,1,OUTSTATION CHARGES,2,own name,1,PACKAGE SOFTWARE,2,PAN,6,PAN ADDRESS,5,pan and income tax return,1,PAN AO CODE,6,pan application excel,4,pan correction,2,pan details,1,PAN LEDGER,8,pan login,7,pan mandatory for hra,2,pan mandatory in etds,2,pan name verificatio,3,PAN ON RENT RECIPT,1,pan regsitration,2,PAN STATUS NSDL,2,PAN STATUS UTI,1,PAN STRUCTURE,4,PAN SURRENDER,2,pan transfer,1,pan verification,8,pan vs return,1,parcel,1,PARNERSHIP,1,part time course tuition fees,3,part of the year employee form 16,2,part of the year employee form 24q,3,partial reverse charge in service tax,25,partial withdrawal,3,partner salary,5,PARTNERSHIP DEED,5,PARTNERSHIP RATES,1,passport,1,PASSWORD,4,PATENT,1,pay bands,3,Pay calculator,3,pay calculator revised,1,pay commission punjab,1,pay fixation examples,2,pay per post,1,PAY SERVICE TAX ON DUE BASIS,5,payable at par,1,paybands,1,payment bank,1,PAYMENT BY ACCOUNT PAYEE CHEQUE,4,payment by cheque income tax,2,payment due date reminder,1,payment exceeding 20000-35000,1,payment of gratuity act,5,paypal,1,paypal ceiling,1,PDF UTILITY,4,penalty for service tax,8,penalty if cheque cleared late,4,penalty on concealment of Income,7,penalty on late filing non filing of etds return,8,penalty on late filing of income tax return,21,pension,13,pension arrear,2,pension calculator,4,pension da,1,pension fitment,1,pension gazette notification,1,pension notification,1,pension on grade pay military pay,2,pension policy,3,pensioner benefit,3,Permanent account number,8,PERSONAL ACCIDENT INSURANCE,3,personal finance software,3,personal loan,6,PETROL DIESAL SAVE FISCAL DEFICIT,8,PETROL DIESEL PRICE HIKED,12,PETROL EXPENSES VALUATION,8,petrol prices reduced,5,PFC,1,PFC INFRA BONDS,2,PFC TAX FREE BONDS,2,pfrda,2,PHONE BANKING,2,phone password,1,pin,1,pivot tables,3,Place of Provision of Services Rules,4,PLAYER AUCTION,1,pmay,7,pmjdy,11,PMS,2,pmvvy,2,pnr,1,Point of sale,8,POINT OF TAXATION,45,political party deduction,2,Poppy Seeds,1,portfolio,1,POST GRADUATE TEACHER,1,post office fixed deposit,9,post office recurring deposit,10,post office saving deposit account,6,post office schemes,15,postal ballots,1,postal order,2,POWER FINANCE BONDS,2,POWER OF ATTORNEY,1,PPF,39,PPF CALCULATOR,16,ppf huf account,4,ppf interest rate,19,ppf limit,25,ppp,1,ppt,8,ppt fbt,3,ppt on budget 2011,1,PPT UP VAT,1,pranav mukharjee,1,pre construction interest,3,PRE EXISTING E-1 TRANSACTIONS,1,pre filled challan income tax,1,prepayment,1,prepayment penalty,4,press release,1,press release 14.08.2008,3,presumptive tax scheme,15,preventive health check up,4,PRIMARY TEACHER,1,PRINCIPAL,1,printing manual,1,private limited company,10,PROF. TAX,1,profession tax,2,PROFIT RATE UNDER 44AF,1,provident fund dues,1,PROVISION OF FBT ON ESOP,1,provisioning of npa,2,PSPCL,1,PSTCL,1,PSU PAY HIKE,2,public limited company,2,public provided fund,9,PUBLIC SHARE HOLDING IN LISTED COMPANY,2,punjab govt arrear calculator,1,PUNJAB VAT,21,punjab vat notification,16,purchase of residential house,1,pure agent,1,qfi,1,quarterly statement status,3,QUIZ,9,rail freight,6,railway budget,12,railway budget 2012,2,railway ticket,9,RAILWAYS BUDGET 09-10,2,RAILWAYS BUDGET 11-12,1,rajiv gandhi equity saving scheme,13,RAJKUMAR S ADUKIA,4,ramalingam,15,Rate of return,1,RATES AFTER BUDGET,1,rates of service tax,3,rbi,83,RBI ACT,22,RBI Circular on e-payment of taxes,2,RBI FALSE CALLS,9,RBI FALSE MAIL,5,RBI INSTRUCTIONS GAR-7,1,RBI MONETARY POLICY,13,rbi monetary policy 2012,2,RBI NOTIFICATIONS,7,rbi report on customer services,2,ready reckoner income tax,4,REAL ESTATE,10,Real Estate Investments,4,REAL TIME GROSS SETTELEMENT,1,reason for mis matching,6,REBATE ON INPUT GOODS AND SERVICE,3,REC Bonds,3,rec infra bonds,1,rec tax free bonds,2,recent,210,rectification of return online,4,reducction in crr,1,refinance calculator,3,refund,8,refund due to diff in valuation of perquisites,3,refund of service tax on cancellation of tickets,4,refund pilot scheme,4,refund without matching,6,registration charges tax saving,1,RELIANCE COMMERCIAL FINANCE,1,RELIANCE GOLD LOAN,3,RELIANCE LIFE INSURANCE,3,RELIANCE MUTUAL FUNDS,1,relief calculator 2010-11,1,relief calculator fy 2011-12,1,REMUNERATION TO PARTNERS,8,RENT,1,rent a cab,2,RENT RECIPT,1,RENTING OF IMMOVABLE PROPERTY AFTER 01.07.2012,8,RENTING OF IMMOVABLE PROPERTY AFTER BUDGET 2010,5,repayment of housing loan,1,REPLY TO CPC FOR NOTICE,11,REPO RATE,12,Reserve Bank of India,2,reset password,1,RESIDENTIAL STATUS,4,RESOLUTIONS,1,response to outstanding demands,3,RESTAURANT,10,restricted leave,1,retail investor,4,retirement planning,9,retirement steps,2,Retiring early,1,retrospective amendment,1,RETURN EXEMPTION SALARIED CLASS UP TO 5 LAKH,6,RETURN FILING DATES,1,return filing in odd conditions,1,return for contractors tax deducted,1,return not required with pan,1,return of income,1,RETURN PROCESSING,4,RETURN UP TO 5 LAKH,5,RETURN UPTO 5 LAKH,1,REVENUE STAMP ON CHEQUE PAYMENT,4,REVENUE STAP ON RECEIPT,1,reverse charge on works contract,17,REVERSE CHARGE GST,57,reverse charge of service tax,43,reverse mortgage,3,reverse of 80C benefits,3,REVERSE REPO RATE,12,REVISE RETURN,3,revised option date,1,revised pay calculator,3,revised return,6,REVISED SCALE,1,rgess,9,rich,1,right to reject,2,RPF,5,rpu,9,rpu 1.7,1,rpu 2.2,2,rpu 2.5,1,rpu 2.7,1,RPU 3.00,1,rpu 3.1,1,RPU ITR 2011-12,1,rpu2.8,1,RTGS,12,rti,2,rti fees,2,rule 12 of income tax return.,10,RULE 2A,1,rule 4A,2,rule 6(4A),1,rule 6(b),2,rule 6DD,5,rule of 72,1,rule3,2,rule40BA,1,RUPEE SYMBOL,4,s,1,safety tips for atm,4,SAHRE SHORT TERM CATIAL GAIN,6,salary calculator,7,SALARY ETDS Q4,5,salary in new direct tax code,1,salary structure,2,salary tds,7,sale in transit,4,sale of agriculture land,8,SALE OF DEBENTURE,1,sale of residential house,2,SALES MEANING 44AB,5,Sales tax,1,samsung case,3,saral 2,3,saral II,1,SARAL II IN EXCEL,1,Satyam,1,Satyamevjayate,1,SAVE TAX,2,SAVING ACCOUNT,6,saving bank interest,18,saving bank interest rate,2,saving linit u/s 80c,8,saving more than income,2,SAVING PASSBOOK,1,sbi 9.75 % bonds,1,SBI bonds,1,sbi home loan,4,SBI interest rates,10,sbi net banking,4,sbi rates,6,SBIOAHC,1,SBS WIKI,1,SCAM,2,schedule VI companies act,2,SCOPE OF ETDS STATEMENT,1,SCOPE OF SERVICE ENLARGED,1,SCOPE OF SERVICES WIDENED,1,scrutiny fy 11-12,3,scrutiny selection,17,search income tax,5,seat wise/constituencies wise and party and party candidate wise latest position,1,sebi,24,SEC 194 C,5,SEC 194 I,10,sec 194 J,4,secion 80c,4,SECRETARIAL STANDARD,3,secrutiny of itr,1,section 10(10AA),1,SECTION 10(13A),4,section 10(38),3,SECTION 10(5),1,section 139(1),1,section 139(4),1,section 139(5),1,Section 14,1,SECTION 145,3,section 154 return online income tax,4,section 16(iii),1,section 189,1,section 192,8,section 194-J,6,SECTION 194A,4,section 195,11,SECTION 195A,1,section 197,5,SECTION 2(37A),1,section 201(1A),3,section 203(3) section 206(C)(5),5,section 205,1,SECTION 24(b),8,section 269SS 269T,6,section 270A,5,section 271(1)(c),1,section 282B,1,Section 36(1)(vii),1,section 40(a)(ia),13,SECTION 40A(3),12,section 43(5),1,SECTION 44AB 2007-08 LAST DATE,4,section 44AB limit,14,SECTION 44AE,6,SECTION 44AF,2,Section 50,1,Section 50C,2,section 54,30,section 54f,9,SECTION 60,1,section 616(c),1,SECTION 64,1,section 66B service tax,4,section 68,2,Section 73,1,section 80 M,2,section 80c,3,section 80CCF,7,section 80D,18,section 80E,9,secured code master card,5,Securities and Exchange Board of India,1,security features,1,sehaj,1,self assessment tax,5,Seminar on service tax changes,1,Senior citizen,19,Senior Citizens Savings Scheme 2004,19,service charge,3,service ta,1,SERVICE TAX,45,service tax code,1,Service Tax (Removal of Difficulty) Order,1,SERVICE TAX 2010,1,service tax ac class,1,service tax accounting code,5,service tax adjustment,1,service tax audit,10,SERVICE TAX CHANGES FROM 01.07.2012,46,service tax changes in budget,58,Service TAX CLARIFICATION,17,SERVICE TAX COMPLIANCE,1,SERVICE TAX DEPOSIT DUE DATE,9,SERVICE TAX DUE DATE,6,Service Tax excel pdf word,1,SERVICE TAX EXEMPTION LIMIT,9,Service Tax Form excel pdf word,3,SERVICE TAX FORMS,1,service tax internet banking,1,service tax notifications,5,SERVICE TAX ON LAW FIRM ADVOCATES,3,service tax on transportation of passengers by air,2,service tax on advocates,5,SERVICE TAX ON BROKERAGE,2,service tax on ca,2,service tax on coaching,4,service tax on construction services,23,service tax on director services,5,SERVICE TAX ON DISTRIBUTION OF ELECTRICITY,2,SERVICE TAX ON EDUCATIONAL SERVICES,4,service tax on gta,7,service tax on health services,4,service tax on hotel clarification,12,SERVICE TAX ON HOTEL ROOM RENT,10,service tax on invoice basis,5,service tax on lawyers,1,SERVICE TAX ON LEASING,1,SERVICE TAX ON PACKAGE SOFTWARE,1,service tax on railway freight,8,SERVICE TAX ON RENT,6,service tax on road,4,service tax on transmission distribution of electricity,4,service tax on work contract tax,9,service tax on wrong head,1,service tax onr eimbursements,1,SERVICE TAX PAYMENT,6,SERVICE TAX PROCEDURES,3,SERVICE TAX RATE CHART,12,service tax rate effective date,12,service tax rate reduced,5,service tax rates increased,21,SERVICE TAX REGISTRATION,12,SERVICE TAX REGISTRATION LIMIT,4,SERVICE TAX RETURN,34,SERVICE TAX RULES,11,service tax section 65(105)m,1,SERVICE TAX VOLUNTARY COMPLIANCE ENCOURAGEMENT SCHEME,17,SERVICES CHARGES OF BANKS,2,SERVICES TAXABLE,5,servicetax,1,set off in same head or other head.,10,sevice tax on associate enterprises,2,sez,6,share,3,share market,3,SHARE SHORT TERM Capital GAIN,9,share transfer,1,share your thoughts,1,SHOME COMMITTEE REPORT,3,Short term capital gain depreciable Assets,1,SHORT TDS,1,SHORT TERM ACCOMMODATION,1,short term capital gain 15 %,10,silver,1,SIM CARD,2,SIMPLE TAX CALCULATOR,2,single premium policy,2,sip,8,SIXTH COMMISSION,2,sixth pay commission,17,skimming,1,slider based EMI calculator,1,SLR,4,small saving schemes,18,small service provider,1,smart buying tips,1,software import,1,son eduction loan father,1,speak asia,3,speak asia fraud,2,speak asia online,2,speed clearing,3,spending habits,1,SPF,8,splitting of wages,2,Spreadsheet,2,SRVICE TAX CLARIFICATION,9,ss patta,1,ST-1 EXCEL,4,ST-2,2,ST-3,12,stamp duty,3,STANDARD DEDUCTION,6,standing committee,1,startup india,2,status of return,1,STATUS OF TAX DEDUCTED,1,statutory audit,7,stay on demand notices,4,STCG 10% 15%,12,STGC,1,Stock,1,STOCK EXCHANGE,1,STOCK MARKET FROM 9.00 AM.,1,STOCK MARKETS,1,stp,1,STRUCTURE AND VALIDATION OF PERMANENT ACCOUNT NUMBER,2,stt,7,stt challan,1,sub contractor,3,SUBPRIME CRISES,2,success secrets,1,sugam,4,Suggestion on Budget-23,35,Sukanya Samriddhi Account,11,SUPREME COURT,2,SUPREME COURT RENT,7,sur name in pan,1,surcharge cess on tds,4,Surrender-Cancellation of Service Tax Registration,1,survey income tax,5,SWACHH BHARAT CESS,12,swiss bank,1,Systematic Investment Plan,6,tally 7.2,3,tally 9,5,tally easy,3,tally erp9,6,tally recycle bin,3,tally shortcut,10,tally simple,8,tally tips,5,TAN,3,TAN STRUCTURE,1,Tariff Value,1,Tax saving,4,tax accounting standards,4,TAX AMNESTY SCHEME,4,tax benefit from budget,2,TAX CALCULATION,4,TAX CALCULATION 2008-09,1,TAX CALCULATION FORMULA ADDIN EXCEL,2,TAX CALCULATOR,1,tax calculator 10-11,2,TAX CALCULATOR 2008-09,1,tax calculator 2010-11,2,tax calculator after budget 2011,1,tax calculator financial year 10-11,1,tax calculator fy 11-12,1,tax calculator income tax,1,tax collection,3,Tax credit,5,TAX DEDUCTED AT SOURCE CALCULATOR (TDS)2007-08,2,tax deducted at source return etds,3,Tax deduction,7,tax deduction at source chart,1,TAX EVASION,1,Tax free bonds,7,TAX ON ARRERS,1,tax on due date by cheque,2,tax on perquisite,4,TAX ON PROVIDENT FUND,2,tax payment by internet,1,tax payment from other's account,1,tax payment online,1,tax planning for salary,4,TAX RATES,2,tax rates changes in budget 2011,2,tax rates in new tax code,2,tax return preparer,1,tax saving capital gain,3,tax saving mutual funds,17,tax saving tips,1,TAX SLABS,7,tax through atm,2,tax yogi,3,taxable allowances,5,Taxation,1,Taxation in India,1,TAXES BY INTERNET,1,TAXMANN,4,TAXPRO CHALLAN,2,tcs on gold,11,tcs on jewellery,8,TCS ON MINERALS,2,tcs rate chart,5,TCS RATES,15,tds certificate,2,tds 194I Limit for deduction,7,tds at less rate,6,tds calculations,2,tds calculator,11,tds calculator after 1.10.2009,1,TDS CERTIFICATE,6,tds challan 281,5,tds chart,1,TDS CORRECTION,3,TDS CREDIT MORE TAN ONE YEAR,4,tds cut off limit changed,1,tds deducted in march,8,TDS DEFAULT BY EMPLOYER,2,tds deposited on time,2,tds due date,5,tds man,4,tds matching,5,tds noitce,1,tds not deducted penalty,5,tds not paid,1,TDS ON BANK INTEREST,1,tds on car charges,1,TDS ON COLD STORAGE RENT,4,tds on commission,2,tds on discount on prepaid cards,1,TDS ON EPF,2,tds on fees,1,TDS ON GST,6,tds on immovable property,18,TDS ON INTEREST,5,tds on job work,2,tds on Non resident,10,tds on players,3,tds on professional services,6,tds on rent,13,tds on royalty,6,TDS on salary,36,tds on sale purchase of property,1,tds on service tax,9,tds on service tax on professional services,4,tds on service tax u/s 194-J,7,tds on taxi hire charges,3,tds on technical services,1,tds on transporter,5,tds on transportor,2,tds on travel agent,1,tds on umpires,1,tds on vehicles,1,tds online,1,tds payment online,1,tds payment online mandatory,2,TDS PRESENTATION,1,tds professionals,1,TDS PROVISIONS,1,TDS RATE 10-11 -TDS DEPOSIT TDS RETURN DUE DATE DOWNLOAD PDF,3,tds rate 2011-12,1,tds rate 2012-13,5,tds rate after budget,4,tds rate chart,16,TDS RATE CHART 11-12,5,tds rate chart 2019-20,1,tds rate chart fy 2014-15,1,tds rate chart fy12-13,1,TDS RATE WITHOUT PAN,3,TDS RATES,31,tds rates 07-08 EXCEL,3,tds rates 09-10 FY,6,TDS RATES 10-11,11,tds rates 2012,4,tds rates after budget 2010,2,TDS RATES ASSESSMENT YEAR 2011-12,4,tds rates chart 10-11,2,TDS RATES DIRECT TAX CODE,2,TDS RATES FOR AY 2010-11,2,tds rates fy 2016-17,3,TDS RATES FY 2017-18,3,TDS RATES FY 2018-19,1,TDS REFUND,11,tds return online free,3,tds rules amendment,4,tds salary rate,3,tds section 194C,9,tds software,1,tds statement,2,tds taxi charges,1,tds u/s 194C,6,TDS U/S 195,8,tds verification,2,TDSCPC,28,tdsman,15,tdsman software,13,TEACHER PAY SCALE,1,TERM DEPOSIT,3,TERM INSURANCE,8,term plan,2,The companies act 2013,132,The companies rules,115,THIN CAPITALISATION,1,third party insurance,2,ticket booking tds,2,time deposit,2,times prime membership,1,TIMING CHANGE,1,tin structure,2,tin-nsdl,14,tin-nsdl free etds statement software,3,TIN-NSDL.TIN NSDL FORM 16,4,TOLL FEES,1,tool bar for Chartered Accountants,5,TOP BANK OFFICIAL CBI ARREST,1,TR-6,1,traces,15,TRADEMARK,2,trading in shares,7,transaction not transfer,1,transfer fee,1,transfer includes,2,transfer loan from one bank to other,1,transport allownace,6,transport of goods by rail,5,travel agent tds,1,tribunal,1,trp,1,tuition fees,7,tuition fees children,2,TURNOVER MEANING 44AB,8,two challan in same month,1,uan,12,ubislate,1,UDYAM PORTAL,1,UGC PAY SCALES,1,uid,10,uidai,5,ulip,29,ULIP AFTER BUDGET,5,ulp,2,unclaimed deposits,5,undeliverd refund status,1,undelivered refund status,4,uniform allowance,2,union budget 2010,1,union budget 2011,2,union budget 2012,5,union budget 2012-13,29,unique identity number,5,unique tds certificate number,2,Unique trasaction number,3,unit linked insurance plan,6,UNIVERSAL ACCOUNT NUMBER,3,universal life plans,1,unsecured non convertible debentures,4,up election,3,UP VAT,2,UPI,1,USA,1,use of tally,1,uti pan card,3,UTN,5,V S Vadivel FCA ACS,1,vacant house,1,valuation of motor car,5,valuation of perquisites,16,valuation of perquisities,11,valuation of rent free house accommodation,5,valuation of works contract 01.07.2012,11,VALUE ADDED TAX,5,VAT,8,vat 11 digit detail,2,VAT ACT,3,VAT AND SERVICE TAX ON SOFTWARE,2,VAT DEFULTERS,1,VAT FORMS,2,VAT LATEST RULES,3,VAT MEANING,1,VAT NUMBER PUNJAB,1,vat on petrol,3,vat rate 4 to 5 %,1,vat rate changes punjab,3,VAT RATES,2,VAT RULES,1,VAT SCHEDULE,1,VAT TDS ON WORK CONTRACT,4,VAT UP AT A GLANCE,1,VCES,7,verified by Visa,3,VERIFY EXCISE CODE,1,verify pan,2,VERIFY SERVICE TAX CODE,7,VERIFY YOUR SERVICE TAX DEPOSIT,1,video,14,VIEW 26AS,7,VIEW YOUR TAX CREDIT,6,view your taxes online,5,Visa,2,VISHAL-REHEJA,1,vodafone,2,WAGES,3,ward circle,2,wealth tax,8,WEBCAST OF BUDGET 2011 ON COMPUTER,2,weighted scientific research deduction,2,what do u mean by micr,2,what does 10 digits of pan card indicates,1,what does each letter in pan number indicate,1,WHAT IS CHEAPER,1,what is company code 0020,1,WHAT IS DEARER,1,what is micr code,2,what is neft,4,what is PAN,1,WHAT IS STC,3,what is the meaning of rtgs,2,whatsapp,1,WHEAT AND PADDY,1,white paper,1,who can file sahaj.,10,who can sign income tax return,2,who can use itr-2,4,WIFE'S POLICY PREMIUM,2,wifes name,2,WILL,5,window dressing,1,without consideration,1,work contract service tax,16,working capital,1,Workmens Compensation Act,3,WORKS CONTRACT,3,wrong accounting code in service tax,1,wrong assessment year in challan,4,wrong head on challan,2,wrong name error in e filing registration,7,WRONG NAME IN ETDS RETURN,2,wrong pan on challan,2,wrong pan while deposit,1,wrong section on challan,3,www.satyamevjayate.in,1,xbrl,5,XLSX,2,ynitya income tax calculator,22,YouTube,1,
Sir I have purchased flat for 12,25,000/- on 29-11-2009 through bank loan. For this now an amount of Rs.7435/- is being paid towards Principle + interest. In this matter please send the answers for my questions.ReplyDelete
1. How much amount can I claim under 80 C?
2. How many years can I avail this opportunity?
Out of 7435 ,Interest amount can be claimed as a interest on house loan and if house is self occupied it is shown as minus income from house loan and reduced from your income .
Balance (7435 minus interest means repayment of principal loan ) is eligible u/s 80C
This deduction is available till the loan is paid
Hi, I have a property on which have taken Home Loan (completed but not occupied). And staying at a rented property. Can I avail both Home Loan excemption and HRA exception? Both properties are in the same City (Delhi). If yes, then request to share the link to the section of this.ReplyDelete
Dear sir, I'm constructing a house where EMI will commence from Jun'12 though my occupancy starts from Dec'12. At the same time, I'm paying EMI on my current residence where I'm co-applicant along with my father.ReplyDelete
Que: Understand from point no.7 above that I can claim benefit from two home loans but pls help clarify the upper limit in lines of Sec.80C (1,00,000 upper lt) and interest payment (upper lt rs.1,50,000). Thank you, Rajendra TJ
yes, one can claim tax benefit for more than one house .but unfortunately you can claim tax benefit on property which is in your father's name.(you have mentioned elsewhere that At the same time, i'm repaying home loan of my father's property my current residence) to which I'm a co-applicant)Delete
Further 80C limit is for all the houses together .However interest 150000 limit is for only self occupied house ,if house is rented then there is no such limit .
Hi, i have purchased a new flat(still in construction). i have taken a loan of around 10,90,000. i am paying EMI of 17,520. i have applied for tax claim based on FY 2011-2012 for this FY also. There is a change in intrest amount and principal amount in EMI but not the actual EMI amount (17,520). is that something that i have to make changes in tax claim for this year 2012-13.ReplyDelete
You should claim as per actual .Further In my opinion house loan benefit can not be claimed on under construction house at allDelete
Appreciate your help in helping me out with this problem.
To start with, I bought a 3bhk flat with reputed builder in Noida in the DP plan for Rs 43 lacs in Sept, 2009..For this i took a loan of Rs 30 lacs from the bank & paid rest myself (12 lacs). My property papers were subsiquently kept with the bank.
In Sept 2011, i was offered by the builder to upgrade my flat to 4BHK for a total of Rs 65 lacs. For this, the builder agreed to convert my DP of Rs 42 lacs
as a partial DP towards my new flat & i am supposed to pay the differential 23 lacs over next year as per the construction processes. (I took NOC from the bank & Builder on this)
Now, Since the construction of the new flat is delayed as per the construction schedule, the bank is not swapping the property papers of the loan since the LTV ratio is not favourable. They have agreed to transfer this once i make a few future installments on my own or prepay a certain amount back to the bank.
The new flat is only likley to be ready in 2015.
Given this scenario, request your expertise in understanding the Tax aspect of this transfer. Will i be able to claim tax benifit from 2009 to 2015 for the flat since this is technically a property swap case? Do i make the pre-payment of the required amount to the bank & transfer the papers quickly?
Your comments /advise will be highly appreciated. Thanks!
Yes it is a property swap case but from this swap you have not gained nothing. You have purchased 3BHK and sold the same at cost price.I Suppose the price offered to you for 4 BHK flat is same as it has been offered to person paying in cash without any swap.In simple term you no discount has been given to you on 4 BHK due to swap.
Regarding House loan benefit ,in my opinion one can not claim house loan benefit unless until house is completed .In your case house will be completed by 2015 so till then you can not claim house loan benefit.
Thank you Rajan,Delete
I Primarily did the house swap due to bad location of the previous flat & some additional discount on the new flat.
However, my Question is whether i will be able to claim the tax benefit for the entire loan or only the loan paid for the new house after it is delivered in 2015.Also, in your opinion, should i make the pre-payment of the required amount to the bank & transfer the papers quickly? Is there a benefit in that?
As far loan benefit in income tax ,there are two benefit from house loanDelete
First is loan repayment u/s 80C ,which is not available in construction period and available after the house is completed.
Second is Interest ,Interest for pre construction period is available in five installment from year of completion
post construction period available in same period for which it becomes due.
what is pre construction period read here
Further regarding second option, there is no tax benefit however if you are earning less income on spare money than house loan interest then you should deposit it
I have taken H/Loan and getting income tax benifit.Now I have booked another flat.This flat is under construction.I am paying more interest than first H/Loan.how can i benifit u/s 24. vikasReplyDelete
House loan benefit is not available for under construction house. First you have to complete the house then you can claim house loan benefit on both the house but one of your house must be let out/deemed let outDelete
i understand that...the flat's possession is in aug this year...and i knw that i can claim benifit for the intrest componant paid even while house was under construction, but does that have any bearing on my claiming benifit from my first house for the intrest paid during fy 2011- 2012. i am already staying in this house . advice. vikasDelete
If you got flat's possession in August then you can claim interest for the full year i.e interest from 01.04.2012 to 31.03.2013.Delete
Further as I have earlier replied you that your second house must be let out otherwise it will be deemed let out and you have to show notional rent income second house.
Are any deductions available for "Commercial property" u/s 24a?
If property is not used for own business then 24a is available on commercial properties also.Delete
could you please give me some relevant case law or where is it mentioned in the act?Delete
I have already taken H/Loan and getting income tax benifit. As I am not living in that house and living in a rented home. I am even getting HRA excemption.
Now I have purchased a home in another city and would like to club both the interest part for the benefit u/s 24.
Also I see that if have 2 houses(both rented) the maximum deductabile is Rs. 1.5 Lakhs under Section 24 of the Income Tax Act. But if we have only one house and if I have rented out the house, ALL interest paid (even if it is more than Rs. 1.5 Lakhs) is deductible from the rent received.
Please correct me if my understanding is wrong.
1.5 limit is only for self occupied house if house is rented then there is no limit for interest so it can be deducted without any limit .Delete
The same rule is applicable if you have two houses .So as per rule you can deduct interest without any limit on rented house or houses (any number of houses)
how to get HRA exemption...when i am claiming tax benifit for negative income from house property. i am not staying in the house, do i have to show it as a rented house , if so will there be a tax on the income from house property..how much?ReplyDelete
please read thisDelete
Under section 24b, does the limit of Rs. 1,50,000/- apply to commercial properties as well? if so please quote the relevant section or case law as well.ReplyDelete
Hi. This question is not related to this current post. However, I would appreciate it if you could help.ReplyDelete
We have just bought a house and are going to register it shortly. The sale deed is in my spouse's name. Can my name be included in the registration papers, or can it only be done in my spouse's name?
This is in between seller & purchaser ,if seller has no objection then you can change sale deed and can easily add name and namesDelete
Thank you. Just to clarify, unless we include my name in the sale deed, we cannot do so in the registration of the house, right?Delete
Hi, I have a query regarding limit of 1.5 L..ReplyDelete
Recently, We have bough a house in joint name of self & Spouse.. we both are working...
1) Can both of us claim for deduction for interest on loan from income tax??
I want to mention that the property and loan both are in our joint name... repayment installments is being made from our joint account...
2) If both can claim the interest deduction then what would be the limit?? Is it 1.5 L individually (total 3 L) OR Only 1.5 L (total- for both)..
Both of You can claim 1.5 Lakh Individually (aggregate 3 Lakh)Delete
I have booked an under construction flat in 2010. Construction is still going on and possesion/registration is expected in 2013. I want to know if I sell this flat now then what are tax implications for for the gains I make ? Also is there any way of saving the income tax ? Will buying another house help like in case of long term capital gains ?
Thanks in advance.
As the property holding period is less than three years it is covered under short term capital gain .Short Term capital gain is taxable as per normal tax slab and is to be added in your total income.Delete
Further it can not be saved by investing in 54,54EC,54F section .One way to sav it is to sell a property where you have a loss so you can settle STCG with short term capital loss.
Thanks a lot for the so quick reply Rajat. So If I wait for three years from the date of agreement and sell the flat, will the gains be considered as long term capital gains ? Can tax be saved by investing the gains in another property ? Is registration not mandatory for long term capital gains? I am also confused about the start date for long term calculation in case of under construction property. is it the date of agreement or date of registration ?Delete
In such cases there are different views and opinions .I am giving my opinion.Delete
You are holding not a property/Flat but a "right to own a property " as the property is non existent on date of agreement.
Under income tax act "right to own a property" is also a capital asset.
Holding period for under construction house starts from date of agreement as it is covered under "right to own a property".
so ,if you sell house before taking possesion/registration of the flat ,and holding period is more than 3 years then it will be treated as long term capital asset and you can save capital gain in such case
under section 54F (by investment of net consideration in new house subject to other conditions) or
u/s 54EC (by investing in capital gain bond for capital gain amount)
So make sure you sell the under construction property before possesion/registration and after three year of agreement.
Further also visit a web link which may also be interesting for you though I am not fully agreed with opinion given at the linkDelete
Thanks again Rajat. Yes this link is very informative. But I get an impression from this article on the link, that it does not matter if I sell before or after registration/possession. Only important thing is duration of holding which is calculated between sell date and allotment date.Delete
But from your reply it seems that I need sell before possesion/registration. Or am I missing something obvious ?
This is important for me as I will not be able to complete 3 years from agreement/allotment without registration/possession.
I have already cleared you that there are difference of opinion on the issue .Delete
I have not pressed on my opinion so I have given you link .Now you can take your informed decision or try to research more on the topic.
here I want to clarify that I am not a Tax expert but I have interest in tax issues and a Keep learner .you can check my profile here
This comment has been removed by the author.ReplyDelete
I took a home in my native place (in AP)in 2006 and took housing loan for the same and given it for rent. I am paying an interest of around 1.65L for this housing loan.
Now, I purchased one more flat by home loan in Bangalore and residing there. I am paying another 1.8L interest for the same.
Can you please tell me how much amount of interest can be shown as loss of property???
Your reply is appreciable....
For rented house you can reduce full interest in your case 1.65 L and in case of self occupied house maximum 1.5L so in total you can reduce 1.65+1.5 =3.15L interest from your house income.Delete
So, for my ITR returns, I should use ITR1 or ITR2???Delete
ITR-1 is applicable for one house only ,so you have to file ITR-2Delete
I have purchased by home in Jan 2009 for 12.5 lacs and sold it for 41 lacs in April 2012. Pls can you let me know what will be the tax implication ? My salary comes under bracket of 10 %. From available proceed I have booked another flat in May 2012 worth 36 lacs…I have taken home loan of 12 lacs and its EMI has also started from current month. I am planning to sell that home too before possession ( ie while it is under construction) in Feb 2013 for around 40 lacs. Will I be charged LTCG ? Can I claim interest paid for my new flat in any type of deduction ? What things needs to be taken care so as to have minimum tax charges ?
I have taken 25L loan for home construction and the process will complete in 3 months. The EMIs will start from April 2013 (because of the moratorium period). Can you let me know if i can get any tax benefits, in this scenario ??
House loan interest is allowed on accrual basis (even it is no paid) so you can claim interest on house loan up to 1.5 Lakh maximum (assumed house will be self occupied).However if house is given on rent then you can deduct interest from rental income without any limitDelete
I had purchased land with the help of SBI Home loan, now planning to construct house with Gnd floor (own purpose) + First Floor (2 houses to be rented out). However SBI is saying as there are 3 units, this home loan will comes under Commercial rate of interest. Is that correct, also if it is commercial home loan, then can i claim tax exemption. pls explain
Yes , you can claim tax deduction of interest as well as deduction of house loan repayment u/s 80C.Delete
Regarding Interest rate you should ask bank to show the instruction regarding commercial rates or take home loan from other bank
I bought a 3 BHK apartment in Apr 2007 and the property was completed and handed over to me in March 2012. I took a 65 lakhs housing loan to part pay the house cost in Feb 2008 and serviced the pre-EMI interest evey month until the EMI started in Sep 2010. Since the house was completed only in Mar 2012, I did not claim any tax benefits so far. This is my second house and I am planning to rent it out. Until Mar 2012, I have paid Rs. 17,94,336/- as interest and Rs. 3,03,901/- as principal overall. Just between Apr 2011 to Mar 2012, I have paid Rs. 6,17,370/- as interest and Rs. 1,28,478/- as principal. Pl. help me with the following questionsReplyDelete
1) What is the amount that I can claim from the principal amount paid so far against 80C for the FY ended Mar 2012?
2) How can I claim the interest paid so far to get the maximum benefit to me?
First of all ,as per section 24 ,Interest is allowed on the accrual basis not on paid basis . So to answer your query I assume that interest paid and interest accrued is same.Delete
In Fy 2011-12 House is complete by March 2012 ,so you can claim deduction u/s 80C 128,478 which is restricted to 1,00,000
Further interest portion have two parts.
1 current year interest and (617370)
2 pre construction interest (pre construction period interest will be allowed in 5 equal installment starting from Fy 2011-12 to 2015-16 )
pre construction period interest =1794336-617370=1176966
Interest allowed u/s 24 =
1. First is accrued during FY 11-12=617370
2. add :20% of interest accrued up to 31.03.2011= 1176966*.20 =235393
Since this house is your second house this house will be treated as deemed to be let out and you have show reasonable value of notional rent income for March 2012.
However you can reduce 30 % of deemed rent as repair and maintenance and interest without any limit.
Moreover as it seems that your house rental income will be lower than interest paid on house loan ,so you can set off (adjust)negative income from house loan with your any other income.
I assume it will be fully set off with your other income , if not then you can carry forward loss and can adjust the same with House property Income for next eight years.
Kindly take consultant /CA help.
I have a house for which the home loan is cleared. I am planning to buy another house under mine and my wife's name. Loan also would be on both of our names. Both of us would like to claim 100% of the interest on EMI on the second house. Can we do it under section 24? If yes can we move into that house and still claim the same?
Both of you can claim interest on home loan in your house ownership ratio.If you are owner of the house 50-50,then you can claim interest in 50-50.Delete
Further for emi repayment you should open a joint account ,Issue home loan account cheque from joint account. contribute funds in joint account in the ratio of house ownership and claim repayment in ownership ratio.
Thank you sir. While i claim the interest in the mode you mentioned, can I stay in that house?Delete
You can stay in any house or can occupy both at a time ,but in your case one of the house will be deemed to be let out and you have to shown rental value as income for that house.Delete
Thank you sir. The house where the loan is cleared, my parents will stay and I will not get any rent on the same. I guess I can show that under loss of income on property.Delete
The new house, where I'd be staying, I and my wife will claim the tax as mentioned by you (second house full interest claim).
The house in which your parents will stay will be treated as deemed to be let out and you have to show notional rental income from that houseDelete
Please let me know if get tax benefit under 80C and 80D for the property which is not yet handed over to us and registry is expected to be done in next FY.
in my opinion 80C is not available where possession is not handed over . Further 80D is related to medical insurance not related with house loanDelete
sorry i meant Sec 24Delete
section 24 is available from the start of year in which possession is handed over to you . Interest accrued till that date will be allowed in 5 installments 20 % each yearDelete
read more here
Sir Kindly help meReplyDelete
I have two properties one one mumbai and one in pune. The one in Mumbai is self occupied and Pune one is rented. Am told either of this can be declared as self occupied. As the interest paid for Mumbai property is much higher[4.7 Lacs] than Pune property. Can i declare Pune property as self occupied? If yes how do i treat the rent receieved for pune property
if rent is actually received then it can not be self occupied . However as the rent paid in case of self occupied house is much higher you should also give it on rent to claim full interest benefit.Delete
Hope you have received the message i would like to convey indirectly ?
I stay in Mumbai. I have recently purchased a flat (in October 2011) in Mumbai with a loan amount of Rs 64 lakh. The flat is jointly owned by my wife and me, although the sale deed does not mention the proportion of the ownership. The loan is a joint loan with my wife and is paid through my salary account which again is a joint account with my wife where my wife contributes Rs. 25000 every month through ECS. The lending bank is the same as the bank where I have a salary account. I am myself staying in the flat in Mumbai provided by my company. I have given my purchased flat on 11 months lease for a monthly rent of Rs. 31,000, with effect from May 2012, which again is credited electronically to my salary account. My wife has been claiming HRA from her employer till now. I have got a provisional interest certificate from my bank advising that for 2012-13, the Principal component of my loan is Rs. 1,036,53 and Interest component is Rs. 6,63,099. Now I need to submit to my employer my proposed investments for 2012-13 for the tax purpose. Can my wife and me both claim tax deductions Section 24(b) of the Income Tax Act for the whole amount of the interest component (50% each and not restricted to Rs. 1,50,000 each since the flat has been given out on rent) net of the income from housing (as 50% of the rent received for each of us)?
Thanks in advance.
The answer is yes, You and your wife can claim interest amount without any limit as the house is given on the rent . As the property share has not been defined so it have to be taken as 50 -50.Delete
Calculation of House property .
Rent received (50%)=31000*11=341000/2=170500
less: property tax paid if any (50%)=0000
net rent =170500
less :30% for repair & maint. (standard deduction)=51150
less :50% interest=663099/2=331549
income from house property=170500-51150-331549=212199
so both of you can deduct 212199 rs from salary income by showing negative house property income .
Note :you have not mentioned about loan installment amount.From bank int and principal amount it seems to be 64000 per month as your wife is contributing 25000 so he should contribute 32000 and must contribute to you towards (less paid in earlier installments)old outstanding against her.
secondly amount contributed in house other than bank loan should also be corrected in ratio of 50-50, if not earlier done .So receive amount from her or vice versa.
In brief you share all 50-50 except love which should be 100% only
I booked one flat in 2010, currently it is under construction. I had taken home loan of 15,00,000. As the construction progresses the bank gives me the cheque every month. Currently i am paying the interest on the paid amount and it increases every month. How do i claim the interest amount under the tax exemption.
You can not claim benefit till the start of the year in which house is completed and possession is given to youDelete
I have purchased 2nd flat, both on home loan,
I want to show one property where i pay more interest as deemed to be let out -is it possible as i would be staying in that property,first property also not let out as my family stays in it.
Kindly advise how to show notional rent,what is the criteria for notional rent to be declared.
Kindly provide figure plsDelete
Sir,1st Flat Interest amt is Rs.65500 and second flat interest is Rs.3,20,000.(Rent in this are is between 10K to 14K)Delete
Notional rent must be identical rent in the same area for similar type of house. As second flat interest is more than 320000 you should declare second house as let out . 30% standard deduction is allowed from rent shown and after that you can reduce interest without any limitDelete
for self occupied house you can deduct interest maximum up to 150000/- as your interest is less than 1.5 lakh so you can deduct full interest
Hi, I purchased a Flat in Bangalore and registration done in Jan-2012. Currently I am staying in the same flat. My query is whether we can get exemption in IT on stamp duty and registration charges? If yes, could you let me know how to claim (what documants I need to provide to IT dept.) and Which ITR I need to file.ReplyDelete
Thanks in advance
You can claim deduction under section 80C up to 1 lakh rs . This 1 lakh limit includes gpf, ppf, nse , lic etc also. so overall one lakh rupees deduction can be claimed.Delete
Further you can file ITR-1
I have taken an indpendent house in bangalore in Mar2011 at 36lakhs in bangalore and given it on rent , I am staying in a rented house , now I feel i did a wrong investment and want to sell the house , I have taken 24 lacks loan ,pls advise if it will be profitable
How we can help you ...what is the tentative sale value and why do you think it is a wrong investment,pls ask in detailsDelete
I HAVE TAKEN LOAN RS 20 LACS FROM FRIENDS/ RELATIVES FOR CONSTRUCTION OF HOUSE IN NCR WHICH IS SELF OCCUPIED. I AM PAYING 12 % INTEREST ON LOAN. WHAT BENEFITS CAN I CLAIM DURING FY 2011-12 FOR :-ReplyDelete
A. FOR INTEREST BEING PAID EVERY YEAR .
B. FOR REPAYMENT OF PART OF LOAN EVERY YEAR.
I AM A RETIRED SENIOR CITIZEN (60 YEARS +)
S C GULATI
For loan taken from friend for house , no benefit under section 80C for loan principal payment.Delete
However interest can be deducted up to 150000 maximum as house is self occupied .
Interest deduction is available on accrual basis whether payment has been made or not.
you should arrange copy of your account in written showing principal and interest due and amount paid during the year and balance .
Further pls note that all money has been arranged from friend in white and they have properly accounted for it in their respective books.
I took a home at my native place and i have a home loan availed for the same. Currently i am staying at Bangalore on rent and i don't have any income my home at native place as my parents are staying there. Hence i claimed benefit for both home loan and HRA. I would like to know which ITR(ITR1 or ITR2) i have to use while filing returns.
itr-1 means sahajDelete
Thanks a lot SirDelete
I have following queries by seing your blog..
1. If you going to fill your ITR by efiling mode than there is no need togive any documents than how income tax department come know that at what date you got possession with resistration ?
2 I have two houses and both are rented while I am living in govt quarter so do not get HRA in salary. In this situation which ITR form need to be fill for ITR ?
3. One house is with my name and other flat is resistered with name of myself and my spouse. In resistration share of parnership is not defined. Whole EMIs(of both houses) are paid by me. Now My wife has started to give coaching, but she is earning only 50000 RS per years and she is also going to fill ITR from this assessment year. She will not claim any intrest benifit. Can I get intrest lost benifit for both houses ? Even my wife is co-applicant in one flat, can I claim 100% intrest loss for that property as I am paying 100 % EMI ? What is methord to convey to ITD as I am going to opt effiling process ? Pl suggest best way in which I get maximum benifits.
4. As you know that we could not rented both houses through out 12 month because of 11 month aggement we are generally doing. So practically we got 10 to 11 month rents. How it can be reflected in ITR form ?
5. I requasted to go through the HP(House property) schedule of ITR-2 and suggest how to fill as per my above situation.
6. Can I get benifit intrest loss of 300000 by both ITR(my & my spouse) as per above situation ?
7. what is notional rent ?
8. As I am not living in my any of the houses could I get benifits 80 C ? 9. What is the meaning of ” letable value\rent received or rent receivable” ? Which is ask in ITR-2. 10. What is the meaning of ” the amount of rent which can not be realised ? which is shown in ITR-2 form. P l reply urgentaly as last date for filling up ITR is 31 July,2012.
Your quires are too many to answer through comment (space constraint) , so check your detailed reply in the link given belowDelete
I bought an apartment for Rs 44 Lakh. Loan amount Rs 32 Lakh and balance from savings.
Year - Nov 2011.
The apartment was put on rent in Dec 2011.
The bank for some error started charging Pre EMI. (the matter under consideration with bank for rectification)
For the FY 2011-12, the bank sent me interest statement that indicated only interest (under Pre EMI) and NO principal. The amount is approx Rs 1.10 Lakh (Pre EMI).
Towards filing of IT return, I have been adviced the following
A. The rent earned (from dec 11 to mar 12) is reduced by 30%. (say amount Rs X)
B. This amount X is subtracted from the Pre EMI amount (say amount Rs Y) to get amount say Rs Z.
C. This amount Rs Z is in negative. (as Pre EMI amount is greater than the rental income less 30%)
D. This amount Rs Z (negative) is then reduced from my gross salary.
Please comment whether the advice rendered to me is correct or not.
The advice rendered is correct. you should go through this link alsoDelete
I have been searching on the net for a solution to my issue. I hope you could help me in this.
My brother and I have bought a house last year. since ours is a joint family, It has been registered on my father's name as he is the head of the family. We have taken loan of 20L for the same which is also on my father's name however I have been paying the EMIs for the loan. (Actually, I am transferring the EMI money to my brother's account monthly since his account will directly be charged through an ECS on monthly basis).
My questions are below.
1. Will I be able to get the tax benefits in this case ?
2. Please suggest a possible way which will enable me to avail the tax benefits on my home loan.
3. I read somewhere that if my father declares me as a owner of the house, I can avail the tax benefits. if that is true, Please suggest me how can the declaration will be done.
Thanks so much in advance.
- Jayanth Kumar
The house loan benefit is available only if you are owner of the house . so first you should insert your name in house registration then only you can think of taking any benefit .even after that you can take benefit according to your % share in the property.Delete
You have already complicated you transaction.
I have purchased a flat and have posession letter from builder as on 25th Feb 2012. Also, this property is let out from 17th Mar 12.
Can I claim the Interest paid for the above property for the entire year Apr-11 to Mar-12. Also, since the property is let out from Mar-12, can I claim loss for the period it was vacant?
Yes , you can claim interest for whole year 4/11 to 3/12 in Fy 2011-12 return and can deduct it from rent received for 17.03.2012 to 31.03.2012. Further you can claim vacancy benefit also . In fact house valuation (ALV) should be shown only for actual let out period.Delete
Moreover Interest accrued up to 31.03.2011 on house loan can also be deducted in 5 equal installments starting from Fy 2011-12 it self.That is in addition to interest from 4/11 to 3/12.
Housing loan taken in may 2011 and the house got completed in may 2012. I have paid 90000 as interest till february 2012. Pls tell which ITR form to use and where to fill in these details to claim interest rebate.ReplyDelete
You have not provided complete income details . If you have house property income and salary income then use itr-1.Delete
As the house is completed in Fy 12-13 ,interest deduction in Fy 2011-12 can not be claimed.However you can claim interest from may 2011 to march 2012 in 5 equal installments starting from fy 2012-13
Sir Thanks a lot for your valuable supports. Now I am going to ITR2 as per your guidance
I came to know that I had done one small mistake in income return for assessment year 2011-12 due to lack of knowledge at that time. Sir As a part of transparency Can I correct or reflect it in ITR of assessment year 2012-13 ?
Second I did not take advantage of tax benefit against home loan in assessment years 2010-11 because at time I had overlook the amount as it very small (I got possession in Jan-10 and it is old house so no any waiting period) Can i reflect in current ITR ?
My aim is to keep every thing transparent even I have to more tax.
Pls describe about the mistakeDelete
Further old period interest can not be claimed in present itr.
For assessment years 2011-12, I got possession of one very old tenament(which is rented and rent also shown in income for ITR).
For new flat I did not get possession(made agreement on 01/06/11).
At the time of ITR filling I came to know that I could get intrest benefit of any one property so fill intrest lost (against flat) as Rs 83647. While intrest lost against old tenament was Rs 62449 which is not reflected in ITR.
This was happened due to lack of knowledge.
Can it be reflect in current assessment or any other amendment can be done ?
My aim to get your fruitfull suggession is to keep transperency in finacial transaction as a educated person
You may revise your return for Fy 2010-11(if assessment is not completed till now) but you have to pay tax on difference along with interest.Delete
This error can not be corrected in present year's Income tax return.
Further I don't want to d'''''se you but my advice is forget about it.
Thank a lot I will remember you throughout life time. We will remain in touch via your valuble site.ReplyDelete
You can keep in touch with us through fb/twitterDelete
I have booked a flat and was in process of applying home loan. I would probably sell it in 2 to 3 years time. My query is:
1. Should I go with home loan from financial institution and can claim tax deduction on interest or I also have an option to get loan from a person at similar rate at which banks have been offering.
2. I am not sure if the tax deductions would be applicable if it is sold within 3 years. What if I purchase another property with the proceeds of my sale from this property
3. which are the banks apart from HDFC that provide quick loans. Some banks check for property approval. I am already late and want to get it done fast
If you have intention to sell house with in three year then no benefit is available to you under capital gain tax.Delete
Further house loan benefit available under 80C also be reversed.
If suppose housing loan interest not shown while preparing form 16 due to some problems but the loan is already taken in the previous assessment then whether it will be taken into account when filing the income tax refundReplyDelete
Yes , you can .Make sure that house is completed before 31.03.2012Delete
I have started to work as a teacher in private primary school. As you know that it is un secure job so I do not get any salary statement or form no 16. Currently I earn 72000 per years. I want to buy a small house. Can I get home loan benefit ? I never fill ITR but this year I want to file ITR. Can I file ITR with above situation ? Pl suggest..
Yes ,you can file income tax return , file ITR-1. Further you should request your employer to release salary through bank and issue a salary statement.Delete
interest on housing loan to be shown under which head in ITR I while efiling?ReplyDelete
Also how does the income tax department verifies the information submitted in e filing of ITR I?
is there any need of attaching form no 16?
For Interest on house loan minus income ,Sr number 2 ,Put minus sign against the amount.Delete
No need to send ,attach like form 16 with income tax return.
I have following deductionsReplyDelete
2. Housing loan repayment- 15645
3. Postal life insurence - 36932
4. Housing loan interest (U/S 24)- 75695
my tax deducted at source u/s 192(1) is 4700.
my gross total income is 337765.So how would be my ITR I look like i.e where should i show above mentioned amounts? I want to file my return by e filing.whether the acknopwledgement should be printed in colour or black and white?
In itr-1 (sheet Income details)ReplyDelete
Sr no 2=Income from house property= -75695(put minus sign before amount)
Sr no 5A=52577(15645+36932)
Sr no 5(i)& 5(ii) = your and employers shares (CPF)
sr number 23(1) form 16 details(tds details)
all other mandatory information (name address bank details etc etc)
Further Acknowledgment can be printed in black & white .Read more here
in ITR I there is a column (J32)for signature on "Taxes paid & verification" sheet stating 'sign here'.What does it meant & how to sign there if i am opting for e filing?ReplyDelete
How can i obtain digital signatureAnd use it for ITR I?
My form 16 shows only my contribution of CPF and none is shown as my employers contribution? So what should i fill & where in e filing of ITR I?
Please reply sir..
Only green field can be filled by user . This(j32) is not required field.Further if employer share is not known then fill your own share only.Delete
sir i am a salaried person and have house loan (10 lakhs)from LICHFL in FY 2011-12 for the renovation of the existing(owned and occupied)house, for which i am paying regular EMI of Rs.15355.ReplyDelete
is there any clause in 80c from which i can get tax benifit in interest and principal amount for the current FY.
As Per Rule Principal repayment(80C) is not available on renovation, alteration, addition , repair .Delete
It is available only on construction of new house.
However Interest deduction can be availed u/s 24 up to 30000/- per year.Show minus income from interest under house property head.
I have a Home Loan where I am the primary applicant & my father is secondary applicant. My father is the owner of the house whereas i'm the income earner.
Is it possible for me take Home Loan principal deduction us 80C?
No ,you can not claim house loan benefit ,as you are not the owner of the house .Delete
can an assessee claim HRA and principal ded u/s 80C and loan interest deduction u/s 24c at the same time?ReplyDelete
yes , he can subject to few conditions.Delete
Whether Stamp Duty, Registration Fees, and other expenses incurred and beared by the assessee (Purchaser) can be claimed under section 80C. If it is and claimed accordingly, whether these cost can be capitalised in the cost (In future whether will form a part of Cost of Acquisition.ReplyDelete
Yes sir, these expenses are allowed u/s 80C. But double benefit can not be claimedDelete
I have taken a loan for a second home in the year 2009, and had paid registeration charges at that time. Pl advise whether I can claim the same. The house is currently under construction.ReplyDelete
No you can not claim now. It is allowed in the year of payment only .Delete
Is there a notional annual letable value needed to be shown for vacant plot of land under the section of income from house property in itr2?ReplyDelete
Notional annual value for vacant plot of land is not required as per law , so not needed to fill any whereDelete
I am working with an MNC and as per the company policy, all the investment details should be submitted to the company by December 2011 and the tax computation will be done based on the investment proof submitted. I was staying at rented house at that time and submitted rent receipt info also. In February 2012, I have done the registration of my new apartments. This registration and stamp duty paid amount is not reflected in my Form 16. I started staying in the new apartment from April 1, 2012 onwards.ReplyDelete
While filing ITR, can I include this information also which will provide me some tax refund and Can I do the filing myself or is it mandatory that I should consult some authorized TRP since refund is involved?
Please advice me on this.
You can do your self no issue ,Further if any deduction is admissible then you can claim the same while filing the returnDelete
Thanks Raja Babu. I will file the returns today itself and will get back to you if getting stuck at some point.Delete
I purchased a house in my native place few years back for which i tool Housing loan. The loan is almost coming to closure and now there is no substantial interest component to claim for income tax. Currently, my parents stay there. I plan to purchase a second house/flat in bangalore (where i stay/work). I want to use this second flat for my own residential purpose.
My question is related to claiming complete interest (more than 1.5 lakh) for this second house.
1- Can i claim the house in my native as "Self Occupied" and the house in bangalore as "Deemed Let Out" even though i will live in the second house.
2. How to really say "deemed Let Out" in ITR-2 forms and who should be mentioned as a Tenant in this case?
Pls let me know your inputs. I would like to utilize the income tax provision of deducting complete interest for second house property.
Please ask this query after three four day or just a reminder .These days we are answering only itr related queriesDelete
Any updates related to above question...Delete
I have purchased a flat in Kolkata and have taken bank loan. I have also got the possesion from the builder. however i stay in Lucknow for job purpose. Can i claim deduction in Income Tax u/s 24 for Rs.1.5 lacs interest paid ad also claim HRA for rental i am paying in lucknow?ReplyDelete
Yes you can claim both HRA & House loanDelete
I have already one flat bought though loan in 2003 onwards and i repaid all instalments and loan completed. Presently i am staying in that Flat.
I am planned to purchase another one flat by loan in another city (Chennai) which is in construction phase. The Flat expected possession shall be in April 2014. Shall i get IT rebate for the EMI payment. How it can be claimed? What shall be limit for that?
Thanks in Advance.
Yes you can claim benefit for new house also. But the new house will be deemed to let out or you can actually give you this on rent . In such case you can reduce interest without any limit. and principal repayment up to 1 lakh u/s 80C with all other saving instruments.Delete
I have a query regarding tax benefit for co applicant....
Recently, We have bough a house on my name.. and having a joint loan on my wife and my name....we both are working...
My que is: Can we both get deduction for interest and principle amount on loan repayment amount??
I want to mention that the property is on my name and loan is on both name, also i have received letter from LIC stating loan is on jont name along with repayment schedule for 1 yr. Repayment installments is being made from my salary account.my wife is transfering amount to my salary account every month for loan repayment.
2) If we both can not claim this due to property is on my name, is there a way we can do this??
Thanks in ADV!!
You can claim this only if house is also on your joint name ,otherwise there will be problem in claiming the benefit to your wife .so it better if you are living in housing society then add your wife name also in the house and then claim benefit in the ratio of ownership of the house.Delete
hi, I have purchased a flat for Rs.27 L and got home loan of Rs.22L. I have got the property registered by the builder although i havent got possession. I will get possession by march 2012. Can i claim tax benefit of Rs.1.5 L under section 24 and what document do i need to submit to my employer so they reduce my TDS.ReplyDelete
If you got possession by March ,2013 (within Fy 2012-13) then you can claim house loan benefit.Delete
To claim these benefit you should take a tentative repayment schedule and tentative interest statement from Bank and submit it to your employer.
If house remains self occupied (not let out) then you can claim maximum interest 1.5 lakh per year.
I had taken a house loan in may 07 and got the posession for the house in dec 2011. now when i want to claim the house loan interest element as tax benifit, I was told that since the period between date of taking the house loan and posession of the house is more than 3 years , then in that case the max benefit per year will be rs 30000/- only instead of rs 1,50000/- in case of showing the house as self occupied.pl advise.
please give more details .Delete
have you purchased house from builder or constructed by you . in both case when the house construction is completed ...
Three year condition is for construction not for possession
Thanks for a quick reply. I have purchased the house from a builder. The clause of three years is being told to me because the date of posession letter ( same as the registration date on my name). How do i show when the construction was over? As the period is being calculated from the date of taking the loan to the date of posession.Delete
The correct rule is given as underDelete
where the property referred to in the first proviso is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed within three years from the end of the financial year in which capital was borrowed, the amount of deduction under this clause shall not exceed one lakh fifty thousand rupees"
otherwise Rs 30000/- is deducible.
so from the above ,in your case period of three years starts from 01.04.2008 (end of financial year in which loan has been taken) and ends on 31.03.2011. so to claim the exemption you have to show acquisition /construction of house before 31.03.2011.
second option is show your house on rent(even not actually given) till interest benefit goes down to Rs 30000.
Please give notional rent where your house is located and amount of interest due in next four-five years (including pre construction period interest) so that detailed reply can be given.
I have constructed a two floor house by taking housing loan jointly with my wife and house/property is in name of both. One floor is rented out. My wife is not working and don’t have any other income. I am responsible for repayment. Is it fine / permissible to show the full rental income in my wife's name while submitting IT return as an income from housing property for one floor? And also is it fine to show loan interest under section 24? Please advise.ReplyDelete
As your wife has no income and she has not contributed any thing towards house cost/loan . So as per income ta act you are treated as deemed owner of the house even though house is also on your wife's name.Delete
so as per above all income /loss (interest on house loan) will be treated as your income only.
I purchased a flat on loan of Rs 35 L this year... from last 5 year i am claiming HRA deduction from salary... Can I continue claiming HRA and Housing loan deduction both on the same time... I was residing in delhi and my office is in delhi.. (distant b/w 15 Km).. now that flat i purchased in Ghaziabad (indirapuram)... (distance from office is arount 6-7 km...)... Please tell me the way to claim both.... I have to show the purchases house as let out??? /or any other alternative.... (My CTC is 8 L)
One house can be shown as self occupied even we are not residing at house . But if you show house as self occupied then maximum 1.5 lakh interest deduction can be claimed .Delete
So it is advisable to show this house as let out and claim Full interest deduction(around 3.5 lakh) without any limit.
Further you can claim HRA deduction as usual .
Thanks.. but i am confused on how to do it....ReplyDelete
Please correct me whereve i am wrong on the following points..
1) Claim HRA as usual
2) Not to claim interest on loan dedction from salary income
3) To show rental income from house property and claim accordingly.....
(i am confused on 3rd point .. as this property is in joint name of me and husband..... than can both of us claim part of loss from property income??? if yes, than how??
As the house property is on joint name (i assume 50:50) .Delete
Both of you should open a joint account and should contribute equally in this account and should deposit loan installment from it.
as the loan is in joint name ,both of you can claim 1.5 lakh each as interest on house loan as deduction and can show house as self occupied even you are not residing in it.
so with this additional information supplied by you ,showing house as let out is not advisable.
further 1.5 lakh minus income from house property is deductible /adjustable in salary income also.
Thanks again!!.. but HRA point missed in this scenerio... Request to please comment on HRA claim also in you advised point... pleaseReplyDelete
Please suggest ...
I have got possession of flat in Delhi in 2010 for which also took loan in the same year later i did pre-closure of home loan then sold same in 2012 from which I have gained 6Lakhs (6 Lakhs got transferred to my parents, my wife and my account as all were owner of the flat) then i purchased another house in Noida (in my name only) which is currently under construction and taken new home loan for this second property. I have 2 doubts as given below :-
1) As i understood with this 3 year clause I can't get tax benefit on that short term gain of 6Lakhs (won't get tax deduction as i sold first property before 3 year of possession even-though i purchased another property within 2 months). Please confirm my understanding.
2) As per my understanding of tax benefits from house loan, I can claim only principle amount (not interest) for tax saving till i get this new house possesion. Its flexi payment plan so I opted to pay bank only EMI (Principle+Interest) on disbursed amount. Please confirm my understanding.
Please let me know if above details are incomplete to suggest concrete solution.
Thanks & Warm Regards,
No benefit available as you have sold house less than three years even you have purchased new house with in 2 months.Delete
Further Tax benefit availed u/s 80C for old house in delhi is also taxable in the year of sale of house i.e in 2012.
2)In our view you can avail interest and repayment benefit only from the year in which house is ready to occupy.
Appreciate your quick response, last clarification required on your response :-Delete
1) As you mentioned "Further Tax benefit availed u/s 80C for old house in delhi is also taxable in the year of sale of house i.e in 2012" >>> What sort of tax benefit on old house please specify, do you mean the tax benefit i have availed on old home loan during this 2 year tenure.
2) As i understood I can't avail tax benefit on under-construction home loan interest (can be availed only after possession), can't i even claim principle of under-construction home ?
1) If a house is purchased and loan is taken on it and 80C benefit is taken for loan repayment .in such case if house is sold before 5 years ,80C benefit for repayment taken is to be reversed and added back to your income.Delete
2. Yes,your understanding is correct , no benefit for under constructed house (principal & interest)
I plan to purchase a second house/flat in bangalore (where i stay/work). I want to use this second flat for my own residential purpose. My first house is in my native place - Delhi.
My question is related to claiming complete interest (more than 1.5 lakh) for this second house.
1- Can i claim the house in my native as "Self Occupied" and the new house which i purchase in bangalore as "Deemed Let Out" even though i will live in this second house.
Pls let me know your inputs. I would like to utilize the income tax provision of deducting complete interest for second house property.
As per explanation given in section 23 ,you can select any one house as self occupied house and other house as will be treated as deemed to be let out and you can change this option at later date.Delete
"(b) More than one house in the occupation of the owner for the purposes of his own residence, the provisions of clause (a) shall apply only in respect of one of such houses, which the assessee may, at his option, specify in this behalf; "
I have a query! I have taken a home loan with husband as a joint applicant. Can we both claim income tax deduction of 1.5 L each under section 24 of house loan interest payment. Also i live far from my work place around (50kms), can i claim HRA benefit also? Thanks in advance.ReplyDelete
To claim House loan benefit By both of you .Delete
You must have a share in property and your share of loan is paid by both of you respectively .
if above condition are satisfied then you can claim House loan benefit in ratio of ownership.
Further as you are paying rent actually , you can also claim HRA benefit.
Thanks a lot for the quick response. My husband and me has each 50% share in the house. We both pay equal amount towards EMI. The annual EMI is around 4,80,000 in which the interest component is more than 3 lakh. Can we both claim 1.5 L each under section 24? Please respond.Delete
yes , you both can claim 1.5 lakh each under section 24.Delete
First of all thanks for your helps and I really apprecite this.
I had purchased a flat in Pune and given on rent. I am showing rent income and also taking benefits of principal & interest deductions. Is it okay?
Now I have recently booked a flat, which will be ready on March 2016. Can I take principal & interest deduction for this house also in parallel with housing loan in first flat?
Presently I am staying in a rented house and taking hra benefits. This is in one city only.
Please guide me.
Thanks & best regards
You can avail one or more house loan benefit at a time . No restriction on it. But you can show only one house as self occupied .Delete
Further house loan benefits (principal and interest) is available only if house is completed . So for new flat you can avail benefit in FY 2015-16 if house is completed by 31.03.2016
I plan to take housing loan for a property which is in my father's name. The loan will be taken in my name and father will be co-applicant. In this case can i claim for income tax benefit for both principal and interest paid? The house is not in the city where i am currently working. Is it mandatory that the property where the house is constructed should be in my name or jointly in my name and my father's name.
Thanks in advance.
Yes , House loan benefit can only be availed ,if property is in your name or jointly owned by you.Delete
My father constructed a house at my native place. Initially he was paying interests to the bank. But after loosing his job I am paying interest nowadays. Can I get I-T benefits? If yes please tell me the procedure.
No , you can't .Only house owner can claim interest benefit on house loanDelete
I am just purchasing a home for which i am going start paying the home loan from Dec,2012. However, I am going to reloacte to this new home a year after and currently I am in a rental house where I am going to continue my stay. In this case, can I get tax exempt benefit from Home loan interest as well as HRA?
Thanks in advance,
Yes , you can claim both HRA and House loan Benefit.Delete
I'm staying in Chennai & recently bought a already built flat nearby the place I'm staying. I have got the Housing loan for this flat. But due to some constraints, I will not be able to move to my new flat for an year.
Can you let me know whether I'm eligible for both HRA & Home loan exemption. I heard that I cannot claim both if they are in the same City & as well as the city where my Office located ?
I have bought a flat which will be delivered to me in 2 / 3 years time and I am applying for Home Loan.ReplyDelete
I request your help in understanding the tax benefit provision on joint home loan.
My wife is a Phd student and gets scholarship / stipened which can not be considered as a salary. She does not file IT Return as her earning is less than the taxable slab and its merely stipened.
Though my own salary is sufficient to meet the EMI but I think if I can add my wife in the Bank Loan as a Co-borrower then after a year or so when she starts earning salary, then she will also be able to avail Tax Benefit.
My queries to you are as following:
1. Can my wife be allowed as a Co-borrower in the Home Loan application by Banks when she is merely getting Stipened / Scholarship as on date?
2. If my wife can not be added as a Co-borrower as on date then can I take the loan only in my name now and later get her included in the same. Will the bank agree to add a co-borrower at a later date, how complicated will be the procedure and what legalities will be involved.
3. I understand that the said flat shall be in joint names which we will get included in the Agreement with the Builder and the Tax Benefit can be availed in the same proportion as the share in the flat. I wish to keep the Share Ratio as 60:40 thus do I need to mention this Share Ratio in the Sale Agreement with the Builder or do I need to prepare a separate agreement.
We have purchased a House Property (plot) from state govt last year for which we are paying installment of Rs 20,000 every month.The plot is in the name of my father who got retired few months before.Now the installment is paid by me. Being a spouse, can i claim for tax rebate for the installment paid ?
Amrender Prakash (firstname.lastname@example.org)
no , you can not claim rebate/deduction under income tax as the house is on your father's name .Delete
Further deduction is available on house not on plot
Are you sure? because Banks do provide loans for purchasing of plots and if we are re-paying any short of loans through installments then the interest paid by the individual (for that particular loan) can be considered for tax rebate.ReplyDelete
Even I am not sure on this.Pl suggest how can I get the benefits for that money that are being invested for the land property.If atall we can do anything, what are the procedure?
101 % sure , no rebate on plot , no deduction available till house is constructed on plotDelete
I have bought one underconstruction flat in Mumbai but now due to my job change, I had to relocate to Delhi where I am staying on rent. Since, My property is in mumbai and not yet get the possession but I am paying interest (EMI). Please suggest can I get a tax benefit of both on EMI & HRA (in Delhi)?ReplyDelete
I have purchased two flats in differnt places,
On 1st flat - my parents are residing - no rent. (Loan 15 lakhs)
2nd flat - same at my work place, and want to let out for rent of 12k per month(Loan 50 lakhs)
I am staying in a rented premises.
Can you please let me know whether i can avail upto 1 laks on principal on first flat, and 1.5 lak on interest for first flat.
for second flat - maximum interest waht i am paying? i am aware that the rental income what i am getting will be taxable.
and also can i get the HRA exemption????
I have purchased two flats in differnt places,
On 1st flat - my parents are residing - no rent. (Loan 15 lakhs)
2nd flat - same at my work place and i am planning to reside in this house.
Can you please let me know whether i can avail upto 1 laks on principal on first flat, and 1.5 lak on interest for first flat.
Is there any possibility to get the maximum tax benifits towards
interest paid u/s 24 for second flat and also can i avail hra exemption?
My wife owns a house which is currently let out and she has taken the home loan for the same on her name. She is planning to take a break from work and I would be paying the EMI once she quits the job. What is the way by which I can claim tax benefit for the EMI's I am going to Pay? Does she need to gift the house to me and add me as co applicant for bank Loan? Please advise.
I have taken a ready possession flats in Pune in March 2011. I have not clamed any registration charges or any other charges for tax benefit and I have paid around 20, 000 tax in that year.
Can you please guide me what should I do?
I am paying EMI 21,000 per month. My flat is self-occupied,
Can you please tell me how much tax benefit I will get and which section?
Dear Sir ,ReplyDelete
I have purchased a flat in mumbai in 2009 and it is rented for 9000RS/Month. now my load repayment is less 1.5lac.
1)loss on property is coming in minus(-) value.
2)Can I show loan pricipal as investment in new home property under 80c
is there any relation between 1 & 2
if a house is rented then there is no limit for interest deduction amount so you can deduct interest without any limit as you have rental incomeDelete
I have taken a ready possession flats in Pune in March 2011. I have not clamed any registration charges or any other charges for tax benefit and I have paid around 20, 000 tax in that year.
Can you please guide me what should I do?
I am paying EMI 21,000 per month. My flat is self-occupied,
Can you please tell me how much tax benefit I will get and which section?
pls provide interest and principal break up.Delete
Interest is available for deduction u/s 24 up to 150000/- max
and principal is available for deduction u/s 80C (overall all limit one lakh including other savings)
registration charges can be claimed in 2010-11 Financial year only
I am co-applicant with my father for the under construction house where I already started paying EMI. Please clarify whether I can get benefit under both sec 80C and Sec 24? My father going to possess the house on Feb 13 and I am in rented house at another city.
YES,you can but your benefit will be in proportion to ownership in the house with your fatherDelete
Pl. guide me on below:
1. Property is in name of my mother only.
2. I am primary applicant & My mother is co-applicant in Home Loan.
3. EMI is payed by me.
Can my mother claim income tax benefit?
I have recently purchased a second house. I have 10 months of EMI left for my first house ( co-owned by my wife). can i show the new house a my residing house and start claiming the tax benefit.ReplyDelete
Also if once all the EMI are over (for both house) will i have to show the income from second property at that time also...
You can show one house as self occupied out of two , so one will be deemed to be let out . to claim benefit of second house , you should rented out second house and can claim benefit of House loanDelete
I have recently purchased an under construction property by taking home loan from a bank. However, I have started my full EMI from first month. Is there any provision for me to claim any tax benefit in the under construction property or I can only start claiming it once I get the possession? Also, secondly, Can I show the stamp duty and registration charges for tax saving in 80 C (e) Housing Loan Principal section for the current financial year?
I have purchased an apartment under construction from the builder by entering into an agreement for sale. The builder is now issuing sale deeds for these apartments. I needed to know if I can enter into the sale deed considering that the apartment is taken on a housing loan. If not, what is the option and alternatives available considering that it may be difficult to get the builder at a later stage once all sale deeds are executed. I do not want to get into a situation wherein I would like to sell my apartment but will not be able to do so due to need of a sale deed which needs to have stamp duty and registration. It is to be noted that the agreement for sale with the builder had stamp duty and registration paid.
I have taken home loan at my home city in Andhra Pradesh where my mother and brother stay. Now i have applied home loan to purchase a flat in Gujarat where i work and am going to stay. Now if i get the flat registered in this month ( flat is ready to occupy )can i claim income tax rebate for principal and interest for both loans? And would i get any benefits for the registration and stamp duty? Please reply.ReplyDelete
you can claim house loan benefit on both the houses but you can not show both of house as self occupied and one of them will be treated as deemed to be let out and you have to show notional rental income .Delete
further stamp duty and registration charge can be claimed for deduction u/s 80C
I have three questions:
1. The Stamp Duty & Registration Fees that I pay, is it eligible for Tax Deduction under Section 80C?I have already exhausted my 80C limit through PPF, does that mean that I would not get any tax benefit on Stamp Duty & Registration Fees?
2. I have also paid 3.09% service tax because it was an under-construction flat. Is there any tax benefit on that amount?
3. I live in a rented accomodation with my parents? Can I claim tax deduction by paying rent to my father for the apartment , though he himself is not the owner of it (my father in turn pays tax on that rent as his income)?
1.yes, overall limit remain 100000 ,you can use it as you like , i already used through ppf etc ,then no use of stamp duty.\Delete
2.no benefit for service tax
3. better option is to pay rent directly to landlord by you instead of your father ,then no question arises for father income
Thanks for your prompt reply..thing is the rent receipt is in my father's name & the landlord does not want to change it to my name..in that case is the above option feasible or legal?ReplyDelete
option is feasible ,but it appears to be fake ,be carefulDelete
Ok .... Thanks.....Delete
I live with my parents. My father has an ancestral house in the same city, which is lying vacant...can I show in income tax that i pay rent to my father for that house, although physically I don't live there?
If you want to take risk ,then why to choose father's house.Delete
I would want to do it because it seems more plausible and believable. Since my father doesnot have any income, he will not have to pay tax on the amount of rent i pay him and get tax deduction. Is it mandatory that you have to stay in that house throughout? (since it is lying vacant I can always stay there twice/thrice a week).Delete
Hi,I have closed my housing loan in October 2012 by paying 4.32 lakhs.The bank has given me the provisioanl certificate only for the amount payed before October 2012. Even if I closed the loan, the money i have payed towards closing is also a part of loan payment right? Then why bank is not giving certificate for this amount. Please guide me.ReplyDelete
Bank should Provide complete certificate. However if you have transferred loan to other bank then bank is right.Delete
I have purchased a house directly from Greater Noida Authority in their BHS 13 scheme - in the Half yearly installment option.
I pay the Greater Noida Authority half yearly installments by myself - which constitutes the principal and interest component. I have taken no loan from any bank.
I have a letter from them that clearly states the principal and interest component (12% p.a. interest)
My question is can I claim tax deduction for interest paid to the Greater Noida authority under section 24? I got the possession of the house this year.
i have purchased a 2bhk on loan on which i claim deduction under Section 80C on the principal component and interest under Sec. 24. now i wana knw whtr i cn give dis flat on rent and hw wil i show my rent income for IT purpose and whtr i can claim deduction under Section 80C on the rented house.ReplyDelete
If you give this on rent then you can claim deduction from rent as underDelete
1. municipal taxes paid.
2.30 % of rent as standard deduction after deduction 1 as above if any for repairs irrespective of exp incurred.
3. interest on house loan (without any limit)
further you can also claim 80C as claimed earlier
I had a home loan which I closed earlier this year. I have been staying in this home and claiming IT deductions.
I also have another home loan which is due for posession in next two months. Can you please advise what tax benefits I can avail:
1. If I don't stay in this second house
2. If I stay in this second house
I had taken a home loan in June 2011 for a under construction flat. The construction of the flat is almost completed however the registration of flat under my name is expected to be done in April 2013. The builder however is ready to give possession letter for the flat in March 2013.
Please suggest if i can claim IT deductions in FY2013 on the basis of possession letter but without registering the flat under my name.
Secondly maximum deduction under 80 C for interest payments is Rs 1.5 lacs. Does this include the 1/5th of the construction period interest as well? If yes, then it means that i would not get any deduction on interest paid during construction as interest for current financial year is already more than Rs 1.5 lac?
yes , you can claim deduction on the basis of possession and without registration this is as per Section 53A in The Transfer Of Property Act, 1882.Delete
Further 1.5 lakh limit included 1/5 of pre construction period interest .
If you give your house on rent then you can deduct unlimited interest