Sir,
I have acquired the bond of PFC Ltd for availing the deduction u/s 80CCF in 2011, whether we should take the interest on accrued basis in income tax return.we have opted for cumulative interest i.e. on maturity.

This is a really urgent query!!!!!

Is it compulsory to apply section 44AD or does the assessee have the option not to opt for it (turnover around Rs. 7600000 GP ratio
22% NP ratio 4%.

hi i m filling my return, please advise where to show transport and laundary allowance.
the same is exempted u/s10 in my Form 16, but where to show in ITR 1.

I m filling online.

Please tell me the rates of depreciation of the following assets as per companies Act if the company is following WDV method:
1.Computer
2.Furniture
3.Mobile
4.Office Equipments
5.Software Asset
6.Car

If a private bank(kotak mahindra)engaged in a contract
for discounting the bill of debtors ,for this he sigh a contract for one financial year at a certain amount.
On signing a contract he charged a processing fees which belongs from such signing a deal
Again in next year the new contract will be conducted and again they will charged processing fees
Pls tell that whether to Ded TDS on such processing fees paid to bank on sanctioning the contract.

A land is rgistered in the name of a firm and now the partners want to distribute the land according to their capital contribution and dissolve the firm .
But the partners also want that the capital gain arises on the distribution of land is not levied on them .
So suggest a method how to distribute the land among partners and capital gain not attracted

according to sec 309 of companies act, remunaration paid to directors should not exceed 10% of net profit when there are more than one director. so the remunaration to directors can be paid in ratio of 8:2 between two directors or not ?
thanks

Read more at: https://www.caclubindia.com/forum/remunaration-to-director-254157.asp

Should reverse charge be paid on service received before July 12 and bill is dated before July 12 and but paid after July 12 by the service receiver for car hire charges.??? If tax is not applicable what about rule 7 which says that POT is on date of payment if made within 6 months.

Can we claim deduction under sec 54F by investing in two house properties and the client does not have any other house property till now.
i.e. client wants exemption on capital gains u/s 54F by investing in two houses is it possible to claim exemption of capital gain u/s 54F by purchasing 2 house property and assessee does not own any house property on the date of capital gain

Pls Confirm me that Can a Private limited company take deduction U/s 24 of Stat. Deduction of 30% on rental income where Company get a rental income from commercial factory let out.

Regards.


Sonia Deval