In govt company. Financial year starts from 1 March n end on 28 February, if tds deduct on salary of march in april n deposited in april, then assessee cnt claim it because it is not reflected in 26 as, then salary of march should be included in which fy??

As a manufacturer I purchased some material from importer & he passed the CVD & SAD proportionately .My query is that can i take cenvat credit of CVD as well as SAD ?

Hi all

I have a doubt regarding Basic Salary for HRA calculation.
We a government organisation receive Basic pay, Grade pay and DA (DA is 90% on Basic and Grade pay).
While calculating HRA exemption Basic Salary should be Basic pay + Grade pay + DA or Basic pay + DA alone

Please clarify.

Thanks

one of my client is having two residential property. one is self occupied and second is vacant. Now he sold out the vacant property and purchase a new property. My question is whether he can claim the exemption of section 54 against the capital gain, whereas he has already a self occupied property.

I have to file my return of PY 2012-13,i know it can be filed up to 31.3.2015 but can it be filed after 31.3.2014 if I have to pay some taxes and I have not paid taxes till now.

Pls reply

Greeting to all,
I have deducted tax on 26/12/2013 but deposited on 20/01/2014.
Interest is leveid @1.5% from the date of deduction to the date of payment.
My question is
Interest will be calculate for one month or two month.
bcz from 26/12/13 to 20/01/14, it comes 1month.

Thanking you,
Avinash

Hello experts,

Our company manufactures machinery and sell it @6.05% in Punjab and @2% against form 'C' out of Punjab. Except other raw materials which is purchased @6.05%, we also use electric motor, ac drives and other electrical items purchased @14.30% for this machines. So the query is:

1. Can we claim / deduct (ITC) full tax of 14.30% of electrical items used for such machinery, even though we are selling the machine @6.05% vat or 2% cst.

2. Also, can we claim / deduct (ITC) full tax in case where we use such electrical items in our factory for our machinery [used in production and not being sold].

HI, One of my client is working as an employee in an MNC with salary of 12 lakhs. He has some business in private.he is earning approximately 3-5 lakhs per year. He want to register his business on his wife name either as a sole propritery or company to save the tax on his business income.Now if he register as a solepropritory what are the expenses he can claim towards his business income.and please suggest some tax saving techniques.

What happens to article in a CA partnership firm if it dissolves. ?????????

Dear Sir,
We have received a contract from Reliance Telecome to install pipes after diging ducts. Material would be provided by the Reliance.

For this we required to obtain service tax registration. In this regard I have following queries.

1. Please provide me registration code that I should fill in st-1.

2. I will obtain registration from the address of my residential house. Therefore What are the enclosers that I have to submit along with hard copy.

Please reply soon.
Waiting for your reply.