Sir,

I have never submitted wealth tax return till the date but after examination of my balance sheet i found that applicability of wealth tax return liability stands from FY 2004-05. So I request you to please give suggestion to file the wealth tax return from FY 2004-05.

Can the financials be changed after the adoption of financials in a board meeting?
Revert ASAP

we are in receipt of service tax notice prescribing for payment of penalty for non filing of return? my question is that
If value of service is below threshold limit then is it necessary to pay the service tax & file service tax return for the same year?
If penalty is imposed for the same reason the n is there any sufficient grounds or provisions to waive that penalty under service tax act?
Please guide me.

I have a query on claiming deduction u/s 24 and 80C of IT act

Suppose I have taken a housing loan which is on joint name of me and my wife. EMi is being paid by me only but my wife is also earning. My Salary is 35000/month and my wife's salary is 25000/month.
Principal paid udring the year is 125000
and interest paid is 140000.

Questions
1. Can I and my wife both claim an expemtion u/s 24 & 80.
2. if yes, Can I and my wife claim 150k each or that will be subject to maximum of interest due in a year
3. What would be the deduction under sec 24 & 80C for me and my wife

sir,

suppose, when i sale a goods i charge freight charges . so, if the builty amount exceeds Rs.75000 so can i deduct T.D.S on freight party(if registered)
. But in law i read that T.D.S IS NOT DEDUCTED ON transportation

Is reserve on amalgamation ,revaluation reserve and capital redemption reserve are considered for calculation of net worth of a company.

Dear Sir,

American Express is giving Assets Allowance to its employees along-with Basic salary, HRA, Transport Allowance, LTA etc.

Please let me know what is 'Asset Allowance' and what is treatment under income tax , I mean is it taxable in the hands of employee like any other allowance or not?

Dear Sir, Can we charge Service tax on claiming the reimbursement of Expenses. As per the Agreement with the client we can claim the reimbursement. Is there notification / circular for Service Tax on reimbursement of Expenses like Travelling, Lodging & Boarding, etc ??


Please Advise ??

Hi,

Please, help understand if the service tax input can be availed on the Service tax reverse charge payments, and for which all categories of services can inputs be availed.

Venkatesh

Dear Sir,

Can we charge Service tax on claiming the reimbursement of Expenses. As per the Agreement with the client we can claim the reimbursement.

Is there notification / circular for Service Tax on reimbursement of Expenses like Travelling, Lodging & Boarding, etc ??

Please Advise ??