Hi� I am salaried employee �and comes under 30% bracket of income tax. . �I am having one plot where we are planning construction and rent out for commercial purposes like bank. � �We are expecting 35000 per month �as rent.� 1. �what �type of loan is applicable for this. �As per my understanding commercial property loan, �please let me know if any thing else 2. � Is interest on such loan can deduct from income from �rent. �If yes, �how it will be. NOTE: �already having one home loan.� 3. �How income tax is calculated on such rent 4. Is GST is applicable on in this case

what will be the consequence in case of person OTHER THAN COMPANY who is failure to get the books of accounts audited within the time specified u/s 44AB but get audited later on and submit the same to AO along with ROI for the relevant AY. Is the penalty under section 271B is levieable.
please advice me with concerned court rulling, if any.

Regards
Pankaj Soni
CA Final Student

As per Provision of Section 164(2), any company fails to file Financial Statements or Annual Returns for a continuous period of 3 Years, then all the directors of that company is disqualified to act as a director in all companies in which he/she was director and also can not be reappointed / appointed in any other company. And also as per Provision of Section 167, the place of director became vacant.
So, my question is Whether the company is required to file any Form ?
Whether Director can continue as a director or have to step down from the office of director ?

If any form is required to file, then Please mention which form is required to file ??

Respected Members,

where a person wants to claim cenvet in respect of the goods purchased by him under the existing law and is having excisable invoices also but was not a registered dealer under excise law. How can he claim cenvet in trans 1. Kindly guide as to where the detail has to be filled in column 7

secondly, in which column should the details be filled where only vat is to be claimed on stock available

Regards,

Sakshi

Whether deduction claimed under section 54 of IT Act disallowed by the assessee during the course of assessment u/s 143(3) of Income Tax Act, However, assessee has asked for the deduction u/s section 54 in respect of another house property purchased complying the requirement of section 54.

Is there is any judicial pronouncement to support the assesee's claim
Please reply early.

Thanks

A.Y 2018-19 Assessee is an Indian resident, earning income from india and Georgia, he had paid the tax amount on the Georgia income as per DTAA to Georgia government, and I have a Query that whether he will also liable to pay Indian govt as per income tax ??

Dear sirs,
Please reply to my question
we all know that an unregister dealer can claim input gst on goods held in stock if takes registration with in 30 days from the date on which such person is liable to be registered. then by filing which form he is eligible to take input gst ???? please reply

Hi, Can anyone please guide me regarding below mentioned query " i have a client whose company is struk off by registrar 3 years ago but he doesn't want to continue the company. Now what is the procedure to close the company which is already struk off. And the status is showing in mca website is strike off. " please guide me i m an article and excited to execute the job but the complete procedures i don't have... Plz guide me.

can anyone suggest me the landmark judgements regarding consider of tenancy rights acquisition cost as COA ? whether it is applicable in case of tenant enjoying their rights prior to 1.4.1981 ?

WE ARE GIVING DONATION IN KIND TO NEEDY PERSON.
ON DONATION TAXABLE INVOICE WE,ARE NOT TAKING INPUT
CREDIT. BCOZ THAT PURCHASES IS NOT RELATED TO BUSINESS.

IN ABOVE CASE IS IT NECESSARY TO SHOW GST AMT. OF
INVOICE WHEN FILING OF RETURN ( EVEN THOUGH WE ARE NOT
TAKING INPUT CREDIT ). IS ANY PROBLEM ARISE TO SUPPLUER
FOR MATCHING DATA.

YOU ARE REQUESTED TO GUIDE US.

RAJKUMAR GUTTI