Dear All,

Kindly help me on tax benefit under Income Tax.

I have prurchased a flat which is self occupied. Me & my wife is taken a joint loan. The EMI is also dedcuted from both on a proprtinate basis. My query is.

Can we both claim interest benefit of Rs 1.5Lac each.

Kindly resolve the issue ASAP.

Regards,
Zameer Ansari

Respected sirs,

A partnership firm consisting of two partners wishes to be dissolved and one partner wishes to continue the business as sole proprietorship. Dissolution of the firm and then commencing the business is it the only option available with the partner or can he continue the business?

thankyou

If i want to attend ipcc exam in nov 2013 when i want to complete my ITT & orientation course i.e. Before articleship starts or while in articleship

Office of official liquidator is required to submit Income Tax Return of Companies under Liquidator in Income Tax Act. winding up proceeds official liquidator sells property/assets of the company to pay secured creditor. what is tax liability on sale of property looking into the following fact

1. Net worth of the Company is negative in view of accumulated losses. ie there is no surplus after payment to secured/unsecured creditors. Refers Sec 50B of Income Tax Act 1961

2. Cost of acquisition/W.D.V of the assets sold is not know to official Liquidator.

i am doing ca articleship and b.com 2nd year & i want to know information about different course to do side by side which have good scope in india & in global level also eg. cfa, cfe, cs, cwa, etc. plase guide me

my client company is issuing credit note to a person who is making payment to a foreign party after deducting TDS.

whether is this treatment correct.
or,
my client company should had to deduct TDS before making payment please either suggest me or provide source from where i could get this information.

regards,

munna singh.

The New Companies bill which is approved by cabinet from which day it will become effective ???

1)can my father give tax free loan to his son huf.
2) The loan taken by huf is invested in debentures where it is getting 18% return should HUF pay some nominal bank intersest of 8% to father to avoid clubbing provision.
3)Is there deed required to be done for loan on stamp paper or a declaration on plain papers will do.

Sir,

Wheather the registered manufacturer in central excise(with man power for repacking only) can send the job work to cexcise registered manufacturer where the excise duty applicable ? wheather the imported rawmaterials cost also included in assessable value?

we are enanage in hotel industries.our international guests request to swap credit card for providing indian cuurency .we are not authorised for it.we dosn't earen any commission.wheather we are liable to charge service tax or not