If Assessee has taken Home loan Jointly with his wife in Equal Proportion. But Housing Loan is repaid by Assesess only & not by His wife. Then How much Housing Principal & Interest will eligable to Asessess

Dear Friends,
We have got Apeal order from CIT (A). The date of order is 16.12.2008 & we have received the same on 12.02.2009. By when we can file the Apeal in ITAT against the same?

Contract with the supplier has been made for preparation and installation of SIGN BOARD at our franchise outlets.

In this situation whether TDS would be deducted @ 1% as advertising contract or @2% as simple contract of work done.

Please reply ASAP

Regards Yogesh gupta

Pls let me know which is a better book,and a easy book to understand for direct taxes,CA final old course.Manoharan or Girish Ahuja,as i have not attended classes and will be doing self study.I am appearing in june 2009.Thanks
pls email me on mchhaya@gmail.com

Proviso to rule provide that id capital goods are removed as such after being put to use then the mfg. has to pay an amount equal to cenvat credit availed in respect of such goods reduced by 2.5 % for evry quarter of year or part thereof starting from the date of taking cenvat credit .

My query is that if mfg. having acquired cap goods and put to use and removed it out of factory in the same financial year , is he is required to pay an amt. eqaul to 50% cenvat availed as reduced by 2.5 % per quarter of use or otherwise .

A vendor in his individual capacity collects service tax but fails to remit the same to the revenue because of not getting the ST registration done.After two months,he then wants to pay back the client this service tax money since he still does not have a service tax registration number.What are the repercussions?Meanwhile he has set up a Co which has ST registration.Can he transfer this billing to the new Co and remit the ST (with/without interest?)?

sir my client is IOCL mathura refinery, they are not capitalising RO plant as a single plant & machinery. they are capitalising it in sub parts saying that all its components are seperately identifiable. Is it a right accounting treatment?

Dear Sirs

What is the correct status on trade rebate, turnover discounts received from a distributor by a dealer is treated? Will it attract service tax payable by the dealer?
Also the dealer gets performance bonuses like free foreign trips based on his purchase targets - how this incentive/gift etc is treated under tax laws ? will it also attract a value as income and service tax and income tax payable on them, pl clarify

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible

I have purchased 1 core in the year 2007-08 for that i received Turnover discount or incentive Rs.70000/. Now one of friend said that i have to pay service tax for that 70000/- is it correct?

Please replay me as soon as possible