Dear all,
A company has taken a loan to repay an existing loan. it has incurred certain amount of expenditure towards loan processing fee. The loan is repayable over five years. Can the processing fee be expensed over 5 years. i.e expenditure to the extent it relates to current year is charged to revenue and the rest is shown as prepaid to be expensed in subsequent years. Is this correct?

My friend is spent Rs.2,00,000/- on his treatment of heart disease in Dec. 2013. Please let me know he can be claimed deduction of above expenses from their GTI under Sec.80DDB,80U, 80DD or any other Section as clear provision is not given in above sections.
Thanks

Can we show generator petrol expenses under the head electricity charges?
I found this mistake in audit

Prem was the Karta of HUF. He died leaving behind his major son Anand, his widow, his
grandmother and brother‘s wife. Can the HUF retain its status as such or the surviving persons
become co-owners?

respected Experts,
I am working with a reputed firm as an article assistant. My working hours are 10.00 to 06.00 ie 8 hours & as per ICAI rules articles are required only to work for 35 hours in a week. So I want to know that whether I will got an credit of these extra hours or not ? If yes then how much ? & if no then why ?

Recently I read article in Economic times. http://economictimes.indiatimes.com/slideshows/investments-markets/7-ways-your-family-can-help-you-save-taxes/invest-through-your-spouse/slideshow/29292903.cms

Can anyone explain in detail what would be exact way of investing through non working spouse or retired parents ? How can I claim this while filling tax returns.

hello! I am CA Final student. & I have completed my 2nd group of CA final in nov 13. My articleship completion date was 16 aug 2013 and I have completed the formalities regarding form 108 but I got reply as I have taken exess leaves for 17 days. I was unable to make compliance regarding the same. I want to know the formalities to be completed for it.

Hi All,

I received a purchase bill after the filing of my 2nd qtr return. now can i revise and carry forward the vat credit in 3rd qtr and take the credit in this qtr.

I got this remark from ROC-Kolkata, While Incorporating a company
1. Witness did not mention how many signature he/she witnissed.
2. Pls furnish copy of registered ownership deed and a title search report by a competent lawyer for registered office address.
3. Pls furnish an affidavit sworn before first class magistrate/notary from subscribers/first directors to the effect that proposed company/director shall not accept deposit unless compliance with provision of Companies Act 1956, RBI Act 1934, SEBI Act 1992 and rules / regulation made there under

Hi,
Husband & Wife are the joint owners of a house property. They have taken joint home loan. Husband is repaying the loan. If wife is not claiming the benefit U/S 24(b) for the interest paid during the year on the loan can the husband claim the entire amount of interest or he should claim only his share of interest?