If a proprietor has given loan to its proprietorship firm then the interest payable on that loan by the firm is deductible in p&l a/c or not?

Can anyone please let me know that who can be a witness for the purpose of signing a MOA & AOA.

can anyone please tell me the revised rates of employees contribution towards PPF and the rate of interest credited as per Budget 2013

Can anyone tell me what to write in "Status" column in 15 H form, their is also Residential Status that I know, but what is Status and What is Estimated total income of PY in which income mentioned in column 21 is to be included.???? Plz help me out.

Hi,

I am vat dealer and recently i have come across an item whose supplier is an unregistered dealer ? Firstly, can i make a purchase from such person?? Secondly, how shall i show in vat returns?? do i need to pay additional VAT ??

Dear All,
One employee has purchased new residential house property in July 2012 & Stamp duty has been paid of Rs.1 Lacks.Is it qualified for the purpose of section 80C for the tax computation of the F.Y.2012-13?
Here is one clause in the section 80C
"stamp duty,registration fee and other expenses for the purpose of transfer of such house property to the assessee."

Kindly give your valuable inputs.

Srikant

Hi,
Suppose I gave donation to CRY for Rs.3600/-. CRY claims that this deduction is eligible for 100% deduction under sector 80GGA and for 50% deduction under section 80G sub to qualifying limit.
Pls suggest whether donation would be 100% expemt or 50%. Take net income above 5 lacs and there will not be any qualifying limit basis Net Income

I think it would be maximum Rs 1800/- basis 50% deduction under section 80G

One of my client have two Export units in Sahibabad,UP one is EOU and second is DTA. Both the units are adjoining each other there is only one partition between both the factories.
My question is about Stuffing Permission.
Is single stuffing permission is enough for both the units or two separate Stuffing permissions are required to be taken.
Please advise.
Regards
Subhash sharma
Advocate
M-9891338895

can i get a housing loan frm bank by giving my other jointly owned self occupied house (50%)as security. Is there any income tax benefit?

Hello Friends,
Please help me out of MVAT Act.
Is that compulsory to audit books under MVAT Act if there is no taxable sales. But having taxable purchases? And turnover of sale is 2 crore which is taxfree under MVAT Act. And a dealer having registered Under MVAT. Is he is liable to file Vat returns or not?
Please reply my query as early as possible.
Thanks in advance