Hi all,

Cany any one please provide me last minute revision notes for the PCE Grp 1 exam. I am giving my attempt in June 2009

Thanks
Vivek

Can any one suggest me how to prepare for Indirect Tax and Direct Tax (Final Old) Course...for Jun 2009 If there is notes, Kindly share such files.

I have a lot a confusion regarding the Dupont Chart. A detailed explaination as regards our PCC syllabus will be really helpful. . .waiting 4 an earliest rply. . .

What will be the treatment on stt, st on stcg? Will it be added in cost of purchase and duducted in sale vlue??

If there is mistake in the balance sheet filled with Roc of the Pvt. Ltd.whether it can be revised or not

is service tax applicable on hospitals? if yes or no then why ?

I am a partner in one firm ABCD Enterprise, I want to convert the same in ABCD Enterprise Pvt. Ltd under part IX, how ever the same was rejected by ROC stating that it is not available, hence my second option ABCD Structure Pvt. Ltd was approved.

Now on filing the documents ROC insists that I shall first convert my partnership firm from ABCD Enterprice to ABCD Structure than only it can be converted in to Part IX.

Ours is a govt. construction company so we have to change all our certi and registration twicely instead of one time which is very expensive and lengthy. Pls suggest is it compulsary to do change the name 2 times.

Wil u refer me best books for PCC studies ?? I am searching very eagerly.
Plz.

Sir,

I have an query about Pre Construction Period Intt. u/s 24 of Income Tax Act :

Case : Suppose Mr. A buy a residential plot & start construction of house by taking loan from bank. Now, after the completion of construction, he has to avail the tax benefit of pre construction period interest in 5 equal instalments. For the first year, he availed the benefit of pre construction intt. (1/5 share).

Thereafter , he sold the same property.

Now, the question is What to do with balance four instalments of pre construction period interest???

Whether he can take benefit u/s 24 as usual without having ownership of that house?

or

he should consider as the cost of that property for calculating capital gain/loss.

Kindly Advise with provisions of the Act & case laws.

Thanks & Regards,

MY QUERY IS THAT SEC 10(13A) IS SILENT ABOUT WHETHER DEDUCTION IS ALLOWABLE IF RENT IS PAID ON CASH BUT THERE IS NO TENANT AGREEMENT.