As per provisions of Sec 24 , Where property is acquired or constructed with capital borrowed on or after 1.4.99 & such acquisition/construction is completed within 3 years from the end of the financial year in which capital was borrowed - Then, actual interest payable subject to maximum of Rs 1.5 lakhs is the amount of deduction.


Here my doubt is, If the loan was borrowed in 2003 and the construction is complete only in 2008 (ie. the construction period is 5 years from the date of loan borrowed)which exceeds the 3 years as given in the provision.

In this case, will the assessee get 1.5 lakhs exemption u/s 24?

Mr. A,B & C are partners equally in a Casino .State the tax implications of casino and its partners.

I am a government employee. For the financial year 2009-2010, for the first six months TDS deducted from my salary was Rs. 30000, after that I was transferred at other place for last six months where TDS was deducted Rs. 40000, while e-filing the return due to lack of knowledge, I mentioned the total TDS amount under the TAN No. of the organization where I had worked for the last six months, now the tax demand of Rs. 30000 plus interest of Rs. 9000 is raised by the IT department, now what is the solution for this, please guide me.

We are partnership firm and engaged our trucks and dumpers in supply of sand to bunkers of Eastern Coalfields Limited and in local also. We are registered in service tax for service "GTA" and "Supply of Tangible Goods". We want to know that we are liable to pay service tax on above transport or not?

Pls tell me the What are all Statutory provisions and Tax Liability of Newspaper Publishers (i.e., Evening news paper)
1.Is service Tax applicable on the advertisement publishing in News paper
2. Vat applicable
3. what are the statutory compliance?


Pls reply me.....

Dear Sir,
whether loss on sale of asset is allowed for a company, if block ceases to exist and there is two losses one is for the income tax purposes and the other one is for the companies act purpose.
whether loss on sale of assets as per companies act is added and the loss as per income tax es deducted while calculating taxable income. please provide the treatment thereof.

A question wch even many experts wer not able to answer............ Questions are: 1. How does a examiner evaluate the exam papers of ipcc? 2. What does the examiner needs from ipcc students?

A question wch even many experts wer not able to answer............
Questions are:
1. How does a examiner evaluate the exam papers of ipcc?
2. What does the examiner needs from ipcc students?

Dear Sir,
whether loss on sale of asset is allowed for a company, if block ceases to exist and there is two losses one is for the income tax purposes and the other one is for the companies act purpose.
whether loss on sale of assets as per companies act is added and the loss as per income tax es deducted while calculating taxable income. please provide the treatment thereof.

sir,i have applied for termination and sent form no.109 to icai,but i didnt got reply from icai since one month.should i wait for some more days? and i didnt snt my old id card to icai along with 109 form.should i have to send ?i joined artcls on feb 25 .plz sugest me sir