Dear sir

I just wanted to know that under Gujarat value added tax,whether Vat is applicable for Sale of second hand Motor vehical and at which rate and Provision related to this one

Mr. x running a business in propriatory concern and also his wife Mrs. x running her saprate business
Now Mrs. x take a loan from LIC of Rs. 2,00,000
and want to give it to his husband Mr. X
whether she can give loan in Cash or use the money in her own business and take the Interest advantage in his personal return.
and if she given a loan to his husband Mr. X have to pay Interest to Mrs. X which is include in Mrs. X Income
so Please Suggest me how i can take handle the this situation
Urgent

in which month i should file complaince certificate

I want to know, when TDS is required to be deducted by a company.

What is the maximum limit of deduction in 80 D? is it 15000/20000 or 15000+20000?

Hi to all.

The company is a trading compnay which provides services of repairng for the traded goods and billing for the service after the warranty period.My doubt is whether the company can utilised the input tax paid not directly related to the service activity to discharge the service tax libilit on repairing service.

What is the maximum amount that an individual can claim against the Interest paid on Housing Loan? Does it include the Pre-emi (Pre-construction period) paid?

Hello can anybody plz tell me whether relief u/s 89 can be claimed by the assessee widow who is in receipt of arrears of family pension on death of her husband who was a govt employee? Also whether deduction as admissible u/s 57 can be claimed along with relief u/s 89?

Dear All,

I have a residential house in hyderabad where my mother is staying(i'm paying principle & Interest).I stay in another area in a rented house due to my employment, but in the same city.

My question is can i claim HRA & House propery loss in my self declaration while giving to Employer.Does the employer has right under any section of IT act to reject the same.

Please clarify with case laws/sections if any.

Thanx in advance,

Regards,
Khayyum

Query

a company has borrowed loan of 10 lakhs . out of the total amount he has transferred Rs. 5 lacs to one of the group company. the group company has utilised that amount for payment of income tax liability. what is the consequences to be faced by both the companies? Pls quote section / circulars/ notification. Whether interest amount should be disallowed?