dear sir
intarest on car loan of Rs 23355 for assessment year 11-12 is deductible or not
under sec 36? please advice me thanks...

Sir

Kindly tell me how to calculate tax liability, if the leave encashment is received in every year.

If a coaching Institute is operating under a Sole Proprietorship, Are any Income Tax Exemptions available?

is sale of scrap taxable ??

A manufacturer (X) is supplying material directly to a customer (Y) in the same state under VAT against an order received through a dealer (Z). Z is involved in the transaction to get the order to the manufacturer for this supply. Z also pays money to X for the sale proceeds for which Z also receives commission from X. T
he dealer (Z) in turn realises the money from Y directly against a debit note.
Please confirm applicability of service tax on this service of Z to Y. What would be the service component on which this service tax is applicable ?
Similarly when Z is raising a debit note for commission to X should he charge service tax?

Dear Sir,

Kindly provide/ calculate depreciation as per Income Tax Act

Op. Bal - Car 01.04.2011 - 497304
Sold in Oct'2011 - 265000
Pur New Car Oct' 2011 - 553893

Please tell the depreciation as per Income Tax Act

Thanks

Sir
Though the question i am asking is not covered anywhere in ipcc syllabus,still i want answeres to this as this creates confusion in my mind.
what is difference between tax evasion,tax avoidance and tax mitigation?

Sir,
i understand what is reverse mechanism,it is the situation where service receiver pays the tax instead of service provider,but i am confused in which situation is this concept applied?

Dear Learned members,

I have a query related to notification 12/2005 dtd.19/04/2005.

Subject:

A 100% EOU is exporting services and claiming rebate for the duty paid inputs, especially utilized towards such export. For a particular financial year the branch company of such 100% EOU made indigenous sale and paid service tax of its output.

While filling the return (ST-3) the assessee claimed Cenvat credit for the duty paid inputs utilized towards such indigenous sale and the same time claimed rebate for the duty paid inputs used towards such export.

Query: I would request the learned group to guide me with citing any case law, if the assesee's claim stands for.

Awaiting for an early response.

Thanks, Sujit Nayak

Dear All,

Please confirm about Medical Expenses, for example one person has purchase a medical policy and paid a premium of Rs. 20000 annul and also expend Rs. 25000 in miscellaneous medical expenses in the same year.His income is from salary and employer provided salary slip with Rs. 1250 per month medical allowance that is Rs. 15000 annual.

In this case how much deductions are allowed as per income tax.