Dear Sir,

A PSU is taking loan from Govt. and making provision for interest. PSU is not paying any interest to Govt from several years but only making provisions....

My question is whether this interest is an allowable expenses under income tax .......

Your guidance is valuable....
please suggest...

Thanks in advance.....

Can subsidiary company of public limited company give 9% p.a. interest on Advanced received from Dealers as a security deposit.
if yes then is it not the case of receiving Public Deposits?
thanks in advance

hello

I want to know that the circular on 20/9/13 regarding the service tax exempt on transporation. is this is liable for as educational institute having his own busess and provided transport service to their student. is this school bus fee is liable for services tax.

thank you

xyz ltd. engaged in the business of renting of goods carriage
rent is on monthly basis
all the repair& maint., driver salary, diesel expense are borne by the person who use goods carriage..

now please tell whether xyz ltd. opts for presumptive taxation u/s 44AE considering the facts that all the rent received by co. is pure income??

What is the rat of Depreciation on Printer as it comes under Plant & Machinery [60% as it is part of computer or else 15%]

Regards,
Rakesh

Dear Sir/madam,
I have cleared My IPCC Examination in May13 & Im also studying in T.y.B.com(sem-v).I Have a problem that my articleship time i.e 11.00 A.M to 5.00 p.m is clashing with my college time i.e 12.00 p.m to 4.00 p.m. & I have already submit my university examination form for sem-v examination so it is not possible for me to transfer college.I have not yet submit my articleship registration form.So its clash with my articleship timing.if i delayed in registration it affect my attempt so please help me.

please tell me abot 80 tta

within how many days we need to send transfer form to institute?is it 30 days or 15 days?

Dear I am working as accountant in a hotel. I want to know that if hotel room sold below Rs.1000 so the service tax is not applicable as per service tax rule. But if the total sale is increased above the 10 lac during the year so the service tax will be applicable or not?

op. bal of block of asset Rs. 20 lacs

purchase during the year Rs. 4 lacs in which 2 lacs purchase 180 days.

Full Block sold 31/12/2012 Rs. 25 lacs


Q-1 What is the treatment as per Income Tax Act...??

Q-2 weather we claim depreciation in income tax return because block is not in existence..??