The interest on Housing Loan for a residential flat (under construction & possession is not given by Builder) can be claimed as a deduction within limit of Rs 1,50,000/= ?
The principal re-payment can also be claimed as deduction ?
Hi
Our Company got incorporated one month back as Private limited Company and is in the business of IT enabled services. Very recently we entered into a contract for exporting service. Since there is uncertainity of STPI extention we did not go for registration of the same. In light of the above Could anyone provide information on
1. Relevant Form to be used for filing our
export receipts
2. Where to file it
3. And the time limit and documents to be
filed if any along with it
Appretiate some immediate info on this
IF A PERSON DIDN'T FILE HIS INCOME TAX RETURN FOR MORE THAN 3 YEARS & FILE ALL THREE YEARS RETURNS IN ONE YEAR ONLY. WHAT WILL BE PENAL ACTION AGAINST HIM???
HE IS BELOW INCOME TAX SLAB RATE. PLZ SOLVE MY QUERY... THANKS
SIR,
WHAT IS THE DIFFERENCE BETWEEN TAX INVOICE & RETAIL INVOICE ?
what is differnce between Revenue and Income according to ICAI standerds and his guidelines.
sir i am planning to start a web based and sms based service by forming pvt ltd company
will i be liable to service tax as for providing sms based services about the prices of commdity or shares
for this service will i be liable to any other taxes
thanks to all for providing a great platform
sir i am planning to start a web based and sms based service by forming pvt ltd company
thinking of 1 lac as paid up and 3 lac as authroised and my company name will hv systems or solutions in name
is there any rule if i use this words solutions or systems in my co name authroised capital should be this much ... ex: (india as a part of name autroised must be 5 lac)
Hi!
A Company raised its authorised share capital during the fin. year and paid substantial amount towards ROC fees. Now the Company wants to amortise it over a period of three years in Balance sheet, which that can do. My question is what will be the treatment for Income tax point of view? whether it is allowable in the year of payment or as per company's amortisation, it will be allowed in three years? Readers views are solicited urgently.
Thanks!
U S Sharda
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Housing Loan Interest