I purchased an apartment in June 2005 by taking a home loan from ICICI Bank.

I started paying the Equated Monthly Installments from the very next month. The apartment will be ready for occupation next month (February 2006).

Can I get the benefit of House Rent Allowance till February 2006 and home loan (principle and interest) benefits during the financial year of April 2005 to March 2006?

Since the interest amount I'm paying towards the home loan is more than Rs 1, 50,000, can my wife (she is also working) get the income tax benefit on that excess amount?

Dear Group Members,
We forgot to pay service tax liability for the month of march 09 which was to be paid upto 31st march 09. Can any one tell me about the INTEREST & PENALTY consequences separately.

i doing training in delhi, i want to take transfer with another CA firm in delhi dear sir can i take transfer from there & re re-registerd under another firm in delhi

sir iam a interior decorater iam doing a project to a company like aluminium partion , flooring, electrical , work station and false ceiling,engaging labour and materials , so what is the TDS they should deduct 2.06% or 10.3% please help me
sampleboy2004@yahoo.com

Company has only Two Share holders who are non resident Indians.
Can the First AGM be held out side India for the conveinence of share holders
If not what is the other option.
Can they make a joint holder in India
What is the procedure for the same

Can A Manufacturer of Yarn (Cotton/Fiber) take CENVAT Credit on Service Tax Paid on Mobile/ Landline bills?

My another question is that-

1) if Company is paying the mobile bills of employees (Connection are in the name of Employees)

2) If Company is paying the mobile bills of employees (Connection are in the name of Company)
-Then what are the provisions?

Please Reply...

I've completed pe2 in Nov '08 & i'm pursuing M.Com in correspondece from ICFAI. I registered for M.Com in Sept '08 & have completed one of the groups already which was held in Jan '09. But then I didnt know that I've to obtain permission from ICAI for doing M.Com within one month of joining the course. I've sent Form 112 on 26.03.09 i.e the date of joining articleship. Will there be any problem pusuing M.Com?

I am currently doing my industrial trainee in a company. My articleship is expiring on 7th April 2009. Can u tell me the forms which i need to submit to CA Institute?
Also i have taken excess leave under my previous employer where i was doing my articleship. Can i serve my excess leave in this organisation where i am doing my industrial trainee? Which forms i need to file for excess leave and do i need to file form 105 (certificate of completion of industrial trainee) again for excess leave served or the one to be filed by now for completion of industrial training will be enough?
Also i need to know whether doing industrial trainee from a very reputed organisation helps in the final placement even though this will be my third attempt in June 09 (IInd Group). I cleared my first group in first attempt in May 08 but couln't clear IInd group in Nov 08.

Dear Sir / Madam

Greetings of the Day !

My company carries the Hospitality Business & have Service Apartments Hotels.

We need the opinion on the following points regarding the service tax.

Present Tax Structure for the Banquet hall with the food supply

PRESENT TAX STRUCTURE FOR BANQUETS
PARTICULARS AMOUNT SERVICE CHG. SERVICE TAX VAT TOTAL TAX INCL. SERVICE CHGS
FOOD 100.00 5.00 6.48 13.13 24.61%
SOFTDRINK 100.00 5.00 6.48 13.13 24.61%
LIQOUR 100.00 5.00 6.48 21.00 32.48%
MISC. 100.00 5.00 10.81 0.00 15.81%

• 40% abetment is taken on F & B for Service Tax.
• Vat charged on Full F & B including service charge
• No abetment is taken on Misc. under convention

In the above case the total tax comes to 24.61% on F&B & 32.48% on liquor which is very high.
Even we cannot take Service Tax Input Credit being the abatement taken.

We need the opinion in the above case:

• Can we make one bill defining the service (hall rental) & food sale with the respective taxes ?

• What will be the basis for service : sale ?

• Can we split the bill for service (hall rental) & food sale? If we can split the bill what will be the basis for services : sale.

• In case of Out Door Catering what will be the tax structure.
• Can we take input credit on misc., its been fully taxed

Please reply with the details so that all the confusion gets over. Thanks in advance

BY MISTAKE ASSESSEE HAS PAY EXCESS PAID SERVICE TAX SO,HOW I WILL DISCLOSE IN FORM NO. ST-3 AN EXCESS AMOUNT IN WHICH COLUMN?