My Client has availed a Personal Loan from bank during the financial year 07-08. He purchased a house property from the personal loan and rent receipts were made. He paid interest on the personal loan received from the bank.

Can he claim interest paid on personal loan received for the purchase of house property u/s 24(b) of the IT Act. interest on borrowed capital on personal loan from bank.

Whether FBT is applicable to a company where there are no employees(i.e employee are on deputation basis) but employee related expenses are debited in Profit & Loss A/c eg. Travelling exp,Employee welfare exp.

Thanks,
Kruti.

Whether FBT is applicable when there is no employees in the company but they have taken employees on deputation basis

hello friendz
our client received a bill which from job worker for work ontract which include
40000 material on which 4% vat is charged
n 25000 labour amount
now on which amount we should deduct t.d.s (material amt can be identified from bill easily)
thankx

I Have a query related to one of my client running call centre in India and exporting his service outside india through eletronic medium. My query is whether it'll attract import and export code registration and if yes then what are the advntages after registration?
And is there any necessity to get him registered under service tax act as the client is getting remmitance in dollars.
kindly let me know the above as soon as possible.

pls any one provide me the process of change my prinicipal.
what are the forms to be submitted
i know it is 109 but confirm any other forms, i found no details regarding new principle in 109 do i need to send the application again.

thanking u in advance
pls provide reasonable answer

ACTUALLY IF THE PROP. PURCHASE A LAPTOP FOR HIS BROTHER AND HE HAS PAID HIS BILL BY HIS CREDIT CARD AND THE BILL ALSO MADE WITH HIS BROTHER NAME BUT IN BILL AFTER HIS BROTHER NAME C/O FIRM NAME HAS MENTIONED. SO THEN IN THAT CASE CAN WE CLAIM IT IN OUR EXP.

PLEASE REPLY ME SOON.

query is regarding Deduction of tax at source on payments made through credit cards or direct debit through internet by the vendor.

1. Whether TDS can be deducted through issue of debit note to the party in case payment is made in INR.
2. If the payment is made in USD does TDS liabilty arise taking in to consideration the DTAA with USA & if what mode should be followed for deduction of tax at source.

Dear Sir,
Oil Storage Tanks whether these can be classified as Plant & Machinery and 15% depreciation can be taken on it?? or it is Building eligible for 10% depreciation. Please clarify?

Hi,

If C form misplace by courier company or Post office at the time of transit, how can we get or what will be precedure to get same or new c form by sales tax department?

Regards,

J Amit