'A' has a letout property. The property has been purchased under EMI scheme.he has to pay 120 EMI of Rs 10000 which includes 50% as interest.he has defaulted last 20 EMI. To repay outstanding EMI and penal interest Of 20000 he borrowed 220000 on 1 st October 2012 @15% p.a What Will be total interest deduction

Sir
my employer has purchase an agricultral land for rs 1250000 in 2008-2009.
But the person from whom we purchase the land is receiving notice from income tax office that the person should pay tax on rs 5661600 which is the value decided by the govt.. what should the person do??
Does the person is required to pay tax on the amt of rs 5661600 or should pay tax on rs 1250000.

Plz help as soon as possible....

A MALE HAS SALARY INCOME RS.2,35,000/-P.A
AND IS DOING A COMMISSION JOB.IN MONEY MARKET FOR WHICH HE HAS RECEIVED COMMISSION FOR RS.15000/- AND ON WHICH TDS HAS BEEN DEDUCTED RS.1500/-...NOW PLEASE TELL ME WHICH ITR WILL BE APPLICABLE IN THIS SITUATION....REGARDS

sir MY client was issued registeration certificate in 2004 and till date he has not filed service tax return since the limit was below 10 lakhs and therefore he is not liable to pay service tax.However ASSt.Commissioner has issued notice for non submission of return for a period of 2011-2012 and 2012-2013.Therefore,cLIENT wants to surrender registeration certificate.What is the process for surrender?Is it manadatory to file service tax return in this case?Further in case of Suchak marketing pvt ltd it has been clarified that nil return is not required to be filed.Can u please clear my doubt?what should I do

A Individual service provider as GTA provided its services to a company. Individual Service provider is not registered in service tax but service receiving Company paid 75% ratio service tax liability to department. Is the company liable to pay 75% ration service tax of unregistered individual GTA??

Please provide me a suitable answer with notification or article..

Dear all,

A private Company eligible for 80IC having turnover more than 5 crores is giving salary to its directors ( husband & wife) who also owns major shareholding. They are also directors in another company which has dealings with the first mentioned company.

Now will salary given to husband & wife will come under DTP provisions & what can be the consequences.
Can salary of husband and wife will get clubbed in any scenario.
What if wife resigned as director & appointed as CFO.
Is DTP applicable on turnover of 5 crores or turnover with related parties.

Please Help.
Amit

dear sir

i am having income from below source kindly advise which itr form to fill file my it return for asst year 13-14

salary
comm income
agricutlure income

In form A-1 we have to give details of premises lease / Rented & Owen and investment in plant & factory . In my case we have group company I have to take new registration of newly incorporate company.But Yet we not decided any rent wil charged or may be we will not charged.In this case what shall i mentioned in form A-1

pls help

1]My Company pvt ltd paid office rent monthly basis

Gross- 57500/-
ST 12.36% 7107/-

Total 64,607/-
How to pay service tax (7107/-)by company & provider(Proprietor)

Dear,

Please consider the below two mentioned articles queries:

Case1: Article assistant getting stipend as follows
1st Year: 6000
2nd Year: 7000
3rd Year: 8000
But the same is credited two times as Institute stipend 1000, 1250, 1500 and the balance amount will be credited as allowance separately.

In this case student went on leave for 1month. What is the eligible amount he can receive during this leave period?

Case 2: Article assistant getting stipend as follows
1st Year: 6000
2nd Year: 7000
3rd Year: 8000

All the amount credit in single transaction as stipend only

In this case student went on leave for 1month. What is the eligible amount he can receive during this leave period?

Kindly reply at the earliest possible