what deductions are availble if a housing loan has been taken on joint names?
can they avail deduction U/S 24 and SEc 80 separately?

Please clarify
thanks
Srilakshmi

I would like to know when does the section 187 C gets attracted in detail if possible

Our company have a caterer who provides meals, snacks etc for a rate per item.
For snacks the rate is Rs. 6.00 per unit + VAt + service tax. The M.R.P.( as mentioned on the cover of the pack)of the said item is Rs.4.00.
If the M.R.P. includes sales tax, doesen't charging tax by the caterer result in cascading effect.

Is Service tax paid on Terminal Handling Charges (THC) & Documentation Charges (DOC)in case of Export Freight is cenvatable? Can we avail the Cedit of the same?

Pls Suggest with appropriate sections /rules.

Regards,

Prem

hi,

I am a final student in chennai undergoing articles... i had to take a lot of leave in my second year due to sickness, abount 120 days without exam leave.. can anyone tell me how my extension will be computed

According to Circular issued by CBDT if any person dealing in shares and activity reflects the nature of activity is not a investment income arises such activity will be treated business income not a capital gain. my query is can a practising member of ICAI can carryout sale or purchase of shares. whether code of conduct attract on member that member cannot engaged in business activity other than profession activity please clarified

What is circular trading? pls give an example if possible

What is price rigging???

Suppose , a man takes takes a loan from the outsider for the trading of shares, they agreed on the following terms....

monthly installment as a repayment of the principal amount i.e., fixed.
And he agreed that he will share only 10% of the only profit and not the loss made by the other as a commission not the interest.
Is this commission will be allowable expense under the capital gains or not....??????

Back ground:
1.A pvt ltd Company having its Head office in Mumbai with MVAT & CST Registration.
2.It has Branches at New Delhi & Kolkata having the respective VAT & CST Registration.
Query:
1.Goods purchased by the local branch at delhi send to head office under F Form .
- when goods purchased locally it is eligible for VAT input for sales made at delhi branch,but will it eligible for input tax credit on goods purchased locally in delhi & the same stock has been tranfered under form F to the Head Office,even if no sale has been made at delhi branch
- The goods transferred from the branch is to be sold lyving the local VAT where output tax is to be generated & paid to maharastra government.
- Is there any taxation impact on the above transactions.

An amount of 5 % has been deducted from the Tax Invoice issued under the Maharastra Value added Tax Act by the customer .
Please Explain :
1.Whether any amount is deductible from the invoice as ESI.
2.If Yes ,what will be the accounting treatment for the same.
3.Please specify the relavant provisons under any Act for the same.
4.If deduction is sustained than whether any certificate is to be obtained in this respect.

The act of answering will behighly appreciated.