Can i deduct input service charges(ST on Telephone Bill, Hotel Bill, Restaurant Bill, Etc.) from the output service charges before paying service tax in government account?
i have business of Travel Agency and Transport Services in Delhi.
please answer me..

thanking you..

Dear Experts,

Please help me in the following scenario:
I was employed from April 2011 till December 2011 with a company where in TAX was automatically deducted from my salary. Since I didn’t submitted rent receipt actuals, they have considered the entire HRA component as taxable and deducted IT accordingly. Also the 80C savings were not considered since the original receipts were not submitted.

Now i am filling the ITR-1 form for refunds. Please clarify me on following:
1. How should I claim HRA exemptions? I know the calculations for HRA, but not sure where to enter in ITR 1 as there’s no section specifying HRA exemption.
2. As I was reading some of the blogs, it was mentioned that I should deduct the HRA exempted amount from the total salary and then input this new amount as my taxable salary in ITR-1. Is this correct ?
3. If yes, then how IT department will assess my claims, as no documents are attached with ITR-1. I have the pdf softcopies of all the documents, but not sure when and where to produce it as evidence of my filling.

Your guidance in this respect is highly appreciated.

Thank you.
Ajoy

director (transferor) of company A has sold out 100% shares to Company B in which also he is the director.

Would capital gains attract...? if yes..then to whom...the director of Co. A or Co. A itself.

At what rate...?

Is the benefit of indexation available..Pls suggest.

Please provide me a link to the provisions.

hi all,
My mother is a home maker and wil be gettin a lump sum amount from the ancestral property of her mother. wil it be taxed in my mother's hand for the amt recd???
also state if the amount wil taxed if it is received in the form of gift from her mother.
plz advice
thank u

Sir I want to know that whether it is mandatory to Be filled unique TDS Certificate number in the return?

What if we don't fill the Unique TDS certificate Number in the return?

Dear Experts,

Please resolve my Query-
Event Management Co. (Proprietorship Concern) is Profession or Business ( Not having any digree or diploma or qualification for event management) and its limit for tax audit U/s 44AB- 15 lacs or 60 lacs.When Event Management Co. have a service tax no. & pay service tax properly.
Your answer is diffirent, If event management Co.is Pvt.Ltd.Co. or Partnership Firm.

Im getting the following error on uploading my digital signature
"
Validation Error
You must correct the following error(s) before proceeding:

This Certificate is already registered in our database

How do i overcome this??what could be the reason

To qualify investment for construction under section 54, the crucial date is the date of allotment of flat under housing scheme and payment of installments was only a follow-up action and taking possession of the flat is only a formality.

sale Rs.50L - 1/08/2012
purchase Rs.10L - 2002

Investment flats in noida-
1/12/2012 - Rs. 5L paid for booking
Every year instalment of Rs 10L for 5 years.
My Ques is what will be the amount of deduction u/s 54 and in which year??
Reply asap.

Regards
CA

Holding Co. aquires a loan from Third Party by private finance.

Holding Co. Advances loan to subsidiary co. from funds aquired above...

The Subsidiary Co. repays holding co. from cashflows recd from business....

Can these be treated as Deemed Div....
any other tax implications for this transaction...

Dear expert,
One of my client is a state govt. deductor and they are require to file form 24Q for the 1st quarter of FY 2012-13. Their DDO is not providing the receipt no. of Form 24G. Please advise me how to trace form 24G no. on internet or any other alternative in this regard.
Thanks in advance.