HELLO SIR/MEM
I M TAKING A LOAN OF 8 LAKH FROM LIC HOUSING FINANCE AND GOING TO A BUY A PLOT IN MY CITY ON MY MOTHERS NAME.IS THIS LOAN WILL HELP ME IN INCOME TAX SAVING. IF NOT THEN WHAT I CAN DO FOR INCOME TAX SAVING.PLEASE ANSWER ME OUT SOON SIR .

What is the treatment of prior eriod depreciation in the books of accounts??.. Do we get deduction of prior period dereciation??

I have query on tution fees.

A person is getting tution fees paid reimbursed from the employer

in that case can he claim deduction under section 80 C after reimbusrment of the same.

please quote relevant case law/section.

what is the procedure correction of income tax challan through assessing officer. to whom we should apply for correction. I have to make correction in Assessment Year and 7days time window has also been lapsed.


kindly help me.......

HI,
I received CPC arrear demand notice to pay for the AY 2008-09.
Now when i fill the form 280, under "TYPE OF PAYMENT" what should I select?
1. Self Assessment Tax
2. Tax on Regular Assessment
3. Surtax.

Also, under details of payment, there are many columns.
I just got to pay Rs. 8939 or so. So can I key in the amount under "Income Tax"?

Pls advise.

Dear expert,
In case of a government deductor, payment made to a contractor Rs. 200000/- on 15-03-2012 and TDS @ 2% Rs. 4000/- was deposited at bank on 18-03-2012 by cheque. Whether the interest will attract and what will be rate of interest.
Please advise.

HELLO FRIENDS
THERE IS A JV FORMED WITH TWO PARTNERS, BOTH PARTNERS ARE PRIVATE LIMITED CONCERNS. IN JV, JV HAS HIRED A FOREIGN TECHNICAL COMPANY.ONE OF THE PARTNER COMPANY HAS MADE PAYMENT TO FOREIGN COMPANY ON BEHALF OF JV.PARTNER COMPANY HAS DEDUCT TDS ON THIS PAYMENT. I HAD A QUERY THAT IS THIS PAYMENT IS ALLOWED AS EXPENDITURE IN JV OR NOT?

Dear Experts,
Is late fees paid on LIC Premium allowed as deduction u/s 80C??
Kindly give ref. of case study, if any.
Thanks in anticipation.

If I give a loan of Rs. 20 Lakhs to my friend B and B afterwards give me jewellery in lieu, worth Rs. 35 Lakhs. Then, the excess 15 Lakhs is CG or IOS u/s 56(2)(vii).
In book its given, IOS, bit why not CG??

w.r.t subjected query, pls advice

As currently i am using Compu TDS which is very slow + very bad presentation.....it sucks