Circular For Out Duty

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You can claim full interest, but you would have to calculate the loss from the house property after considering your rental income for the year.Further, you can claim the amount of principal repayment as a deduction under Section 80C.To avail the benefit from yo...

Understanding Income Tax Benefits for Let Out Property and CBDT Circular for AY 2009-10(8/Sep/2009)

Thank you for your reply.Do you have any:1) CBDT circular on this in the recent past for the AY 2009-10?2) How can I justify to my Finance Department to calculate my TDS?

Understanding Income Tax Benefits for Let Out Property and CBDT Circular for AY 2009-10(8/Sep/2009)

Hi,I purchased the house in 2007 and rented it out to a company. I need to know if I can claim full interest under section 24(b) and offset the loss against my salary income since the property is rented out.Is there any CBDT circular regarding this matter for th...

Understanding Income Tax Benefits for Let Out Property and CBDT Circular for AY 2009-10(8/Sep/2009)

Yes, you can claim full interest. You also need to declare rental income as per the Income Tax Act.The loss from House property can be set off against Salary Income.

However, you should ensure that they are paid all allowances and also facilities that are normally extended to permanent employees.Best wishes

Out Station Duty for Trainees - Is there any legal complication?(15/Feb/2018)

Can we send trainees on duty to outstation (out of states in India) who are appointed as per standing orders? Is there any legal complications for that?Kindly give your advice.

Out Station Duty for Trainees - Is there any legal complication?(15/Feb/2018)

I would say that if they are genuine trainees, you should not give any outstation allowance which is available to permanent workers. If you think that as part of the training program they have to work in another plant, you can incorporate the same in the trainin...

Out Station Duty for Trainees - Is there any legal complication?(15/Feb/2018)

There is nothing wrong in sending them to other states provided the same is required as part of their training program. For example, if you have appointed a trainee to work in Kerala and suppose as part of his training program he has to undergo training in machi...

Hi, This is P. A. Khan, please provide me the circular/OM regarding Compensatory off in lieu of duty done on a national holiday for a government employee belonging to group B and C category. Thank you.

Circular/ OM regarding Compensatory off in lieu of duty done on national holiday for a government employee(9/Oct/2020)

**Circular/ OM Regarding Compensatory Off in Lieu of Duty on National Holidays for Government Employees**For government employees in India, particularly those in group B and C categories, the provision of compensatory off in lieu of duty performed on a national ...

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