Dear sir,

Please tell me about HUF . and what is benefit in Income tax.



Regards
Manish Pareek

A Foreign Residental wants to Invest in Real Estate or Land. What are the Regulation/Provision which he has to follow under Fema & Income Tax, What are the Requirement before & after Investment.

Whats the Difference between IND AS and IFRS/IAS?

Dear Seniors,

i am working in a company i received bills from Vendor of Van Hire & Manpower, they have not registered in service tax than we shuld pay service tax on reverse charge machenism behalf of vendor or Not.

Hi,

Being an employee, If I have donated some amount to a NGO so under which section I should claim that 35 AC or 80 GGA?

Regards,
Deepika

There is an individual who has rented his ancestral property with monthly rent of abt Rs.15.00 lakhs and he himself has moved on to another prperty recently purchased by him.
How can he save tax on rental.
Pls advise.

Question : Mr Ram Sharma is a insurance agent and he has one self occupied house in delhi. he has purchased a new house for the purpose of investment (will be given on rant of Rs 6000 Per month from 1/10/2011) at a cost of Rs 65,00,000. Date on which dealing is started 1/4/2011. Date of Registry 01/10/2011. he has taken loan from HDFC Bank of RS 25,00,000 @ rate of interest 10 P.A. on 1/7/2011and from Mrs Sarika (wife of Mr Ram) of Rs 20,00,000 @ rate of interest 18 percent per annum on 1/11/2011. Munciple tax Paid 12500 P.A.Mrs Sarika has only agiculture income of Rs 100000 per annum.

Mr Ram wants to know from you,

1) What is his gross taxable income from the head "income from house property" for the previous year 2011-12. ?

2) whether he will get dedction of interest on both loans? Yes or No ? Explain reason?

3) What documents will be required to take deduction under Section 24 B of the income tax act, 1961 ?

4) whether for deduction under section 24 B he has to make agreement of loan on the stamp paper ?

5) what will be your decision if Mrs. sarika charges interet on the loan @ 18% FLAT rate of interest ?

hello,
i have a query regarding the reason for transfer in the 1st year of articleship.
Can i take transfer on the basis that i am staying in hostel and due to my continuous ill health, i need to return back at my home town ???
Another thing is that, In the transfer form, they don't ask reason.. then where do we need to give our explanation for the same ?
Please reply as early as possible.
Thanks.

A work contractor(is a Pvt.ltd.Co.) doing his contract job for govt.road work, for which work contractor received services from transporter for supply raw materials
(metals,sand,murum,etc.). Whether the work contractor will deduct service tax on 25% of gross payment to transporter for the said transportation services.Pl clarify

sir what would be the method to study income tax.both in ipcc and in final....should we mug up the whole provisions or just solve the queations