Can a Director of Pvt Ltd Company purchase car in his personal name and lease the same to the Company for a monthly lease rent, are there any provision as to the limit of rent that can be paid, is there service tax and / or tds applicable on the same

Dear Expert,

Where can i claim interst on housing loan which is taken from a bank.. can show it as a loss from house property or claim under the section new section 80EE and property value also less than 40lakhs..

Thank you,

Good afternoon to every body, i have doubt regarding period of ca articles , the doubt is i was already completed 1st year articles, my final attempt is 2015 nov. But recently i heard only 2 years articles enough, is it correct or not plz tell me any body. I am waiting for u r answers.

journalise the following opening entry please.

Cash in hand Rs.2000/-
plant Rs.50000/-
Debtors Rs.10000
Creditors Rs.8000/-

I am facing the problem in New PAN application of Registered Society under Societies Act,1860.


So I want to know under which category i have to apply PAN i.e. AOP or AOP(Trust)?
and also want to know the difference between AOP & AOP(Trust)

Thank you.

when will ipcc may 2014 results be likely declared?

Dear Sir,
How rectifify this error in TCS Efiling "Challan details mentioned in the statement not present in the challan file imported" but i have imported from oltas correctly. please help

Dear All,

I have filled ITR and uploaded on the IT portal before due date i.e. U/S 139(1) and ITR-V got generated, but same is not sent to CPC Bangalore. Now I came to know that there is some mistake in the previous return uploaded and want to rectify the same. The time limit is still not over. So now should I again upload another ITR U/S 139(1) by rectifying the mistake as the earlier ITR-V is not yet posted or I need to compulsorily file it U/S 139(5).

In both cases, do I need to sent both the ITR-V (previous and current) or the only latest one will work.

I understand that last date of filing in 31.07.14 but if a person has only salary income and proper tds is deducted from his salary. If he files income tax return after 31.07.14, is their any penalty is due for him?

Kindly guide

As we have made a payment to single party (State Gover.) for various arragements of tents/food and we paid the amount to them is tds deductible as we are unaware of bills and amounts ??????


And one point more our share is 1/3 and our share is with in TDS Limit of 194c