Dear members
My question is regarding whether interest accured on 6yr NSC per annum should be included u/s 80c for claiming tax benefit..

I HAVE A QUERY ABOUT WHAT IS THE DIFFERENCE BETWEEN THE CREDIT TAKEN AND UTILISED IN SERVICE TAX FORM ST-3.

Service tax has been amended wef 24.02.2009. Now one of our service provider submitted service bill ( security services)with including srvice tax 12.36% and the bill date is 01.03.2009. Now my question is whether nwe rate (10.33%) or 12.36% will be applicable to this bill. Pls clarify

my client is providing a erection,commissioning and installation service (he provide in his bill only commission not including goods value)so can he claim 67% exemption limit on service tax.

DEAR FRIENDS,
I information I want to get that is as below:

In excel if I 100 they how it will appear one hundred
Menas please tell me formula who character figures will be change in word.
Thanks and regards,
R.dutta,
E-Mail: rddutta@yahoo.com

I have paid prepayment penalty of Rs.15000 for shifting my house building loan from a higher interest being housing loan from bank "A" to low interest bearing housing loan from Bank "B'

Please advise:
1. I can treat prepayment penalty as interest for deduction section 24 of I T Act


2 Whether I can claim interest paid to bank A (APril 2008 to June 2008)and B (July 2008 to March 2009)uner I T Act

Sir,

We are an residential school organisation. We purchase materials for students like uniforms, books etc. alsong with edible items for our mess. We are charged VAT for on most of these items. We also charge VAT while issuing the above materials like uniforms, books etc to students. My query is :
1. We have not paid VAT regularly monthly wise. In the month of Sept. 2009 we have paid VAT for the month of May, June, July, August 2009. We have paid VAT for March 2009 in the Month of April 2009. What consequences may occur in near future ?
2. We have not filed any return till date for the year 2008-2009. Nor have adjusted any credit against VAT payment. Kindly advice wether we can adjust the VAT recoverable for the whole year i.e. 01.04.2008 to 31.03.2009 against payment of VAT for the month of March 2009?
3. What is the last date of VAT payment for March 2009 and filing of return thereon ?
4. Penalcharges may be levied on us for the above. What is the penal charges which shall be levied on us and how are we going to pay the same?

I have paid RS 15000 towards prepayment penalty for shifting (June 2008)house building loan from one bank to another. Please advise:

(1) Whether prepayment penalty can be treated as interest and allowed deduction under section 24 of I T Act.

(2)Can I Claim deduction under section 24 of I T Act towards interest paid to my earlier bank upto May 2008

(2)Can I Claim deduction under section 24 of I T Act towards interest paid to my latter bank upto June 2008 to March 2009

House taken in joint names and even loan taken in the joint names. The house is under construction. The principal amount can be deducted U/s 80C upto Rs 1 lac.
Can interest on loan(limit upto 1.5 lacs) can be deducted now or only after possession?
If it can be claimed after possession then the previous interest can be claimed as deduction?