Please let me know whether House rent deduction is allowable if I have claim house building loan as deduction, because neither I am not residing my own house nor it is let out.

Regards
Amit Nandy

is it mandatory to attend ITT classes before starting articleship? plz suggest.

we had sold a house which was jointly in the name of my brother, mother and me.plz advise regarding the applicability of capital gain tax. also advise the tax implications if mother had gifted the amount of her share to us.

what is date for accounting the purchase ?? whether the date of invoice or date of entry into entity??

hello sir
our firm had made import of machinery and we made advance payment in full while making this payment bank has not demanded any certificate as this was exempt but now when we received per forma invoice from party which also charged us freight in invoice does 15 ca cb require in this case while making payment of freight as in 1st per forma invoice they have not charged freight but in 2nd they given full amount per forma and also charged freight
like this:-

invoice

machinery charges $1000
freight $100

Total $1100

please suggest me what to do because now banker require 15ca cb for this freight as this was not specifically mention in exempted list

Hi experts, i got a bill of tally renewal like this Tally software services 2968rs Service tax 415.52rs kkc & sbx 29.68rs output vat @ 5.5% 186.91rs is it right to charge vat? even if we assume it is right it is ok that vat is charged on vat portion also

Hi all
I am a newly qualified chartered Accountant. My articleship training was average. As we know that demand of CA can increase because of changes in Indirect tax law. What should I do, job or practice? Please guide me. Thanks in advance.

our is government organisation we have incurred Rs.XXX crores till march 2016 on monorail project .The first phase of the project was completed and became operational in february 2014. projetct has earned revenue Rs.XXX crores during the year 2014-15and rs.XXX in 2015-16.The contract for this work is given to Single contractor. As per CAg auditor ,since the firest phase is completed and become operational and started to earn revenu the same should be trated as fixed assets and not work in progress .so depreciaiton should also be charged on it . please guide how can we prove our point unless full work is completed we can not capitalise it. which accouning standarad is applicable here to prove our point

Sir,
My client is having urban agriculture land, which was done NA in FY 2014-15 (which is considered as date of conversion into stock in trade) for plotting site.
According the section 45(2) there is requirement of FMV of asset as on date of conversion.

My query is FMV should be of agriculture land or Non-agriculture land to be taken for capital gain calculations?

Your opinion will really helpful for me.

One of our office colleague was getting married, so our boss gave her a gift for Rs.16000/- in cheque, drawn from the company. How to record this entry in books of accounts?