wheather advances extended for more than Rs.20,000/- will come under the purview of Sec - 40 A(3)?

since advance is not an expenses, i think it will not come u/s 40A(3).even if an advance is give for more than Rs.20,000.

Dear sir, If on selling a house, I use the proceeds of sale to repay loan which i have taken to buy another house 2 years before, Will I be exempt from paying capital gain tax. I know under section 54 i can get exemption if the second house was purcahsed before 1 year of selling of first house. But there it is not talking of re-paying loan amount and may be even house purchased before two years can be treated as benefit for claiming capital gain exemption. Please advice

Whether rent received from well furnished building is taxable under house property or furniture rent under other source.
If whole rent taxable under house property then deduction is available for whole rent (30%)

Whether service tax is payable on rent of immovable property which includes rent of furniture and fixture also.
Whether service tax is payable only on rent of building and how to segregate.

Can deduction under section 80C allowable on housing loan interest as the person having loan is paying interest continously and dont have possession after two years. Should I give him the benefit U/s 80c or it will be applicable after two years

Thanks

Ragards
Rajesh

depreciation as per companies act should be calculated from the date of acquisition or from the date when the asset is put to use?

Although, the companies act allows foreign citizen as directors and the the banking regulation act follows the companies act as far as appointment of director is concerned (please correct me if I am wrong)...

Can a Foreign Citizen be a director in a Banking Company in India?

Thanks for response in advance.

dear sir,
please guide me important forms and format for audit of trust which is situated at gujarat.
it is not approve under 80G so no it return file

HI DEARS!I NEED A STANDARIZED FORMATE FOR PROPOSAL FORMATION.THE FORMATE SHOULD BE BASED ON ENGINEERING CUM CONSTRUCTION BUSINESS.THAT INVOLVES PROPER BIDDIND SYSTEM.I NEED IT URGENTLY.

is managing director employee of the company?

u/s 115wb(2)(h) will the expenditure incurred by the company owned by it come under fbt?