hi friends,
first of all thanks a lot for resolving my previous query but still i have some doubts. i want to know step by step answer for my queries.
1. firstly i want to tell that while preparing for exams in these days i m facing a lot of confusions like i have some very good notes of my ipcc coaching but i feel very uncomfortabe in solving those question first and then proceeding for study material questions. i have got a lot of concept clarity by just attending my classes and now i dont want to revise those questions again and again. can i entirely depend upon study material questions for exam preparation?

2. secondly i want to share that as per my thinking i feel that study material questions are sometime very much technical and irritating. if i go for some other book then i feel like question pattern in both are totally different.this all agian creates a lot of confusions. is this a doubt of mine or anybodyelse also thinks like me?

3.last thing which i want to ask again is that should i entirely depend upon study material ques. is there anyone in urs contact who had just gone through study material and passed the group in first attempt???????

please anyone dont mind for such a big query....reply as soon as possible.....

pl. let me know if Recruitment agency provided service on 15th jan 2012 & his fees is due only after 3 month ie.15th April 2012.

Then entry should be passed in March 2012 of it can be taken on 1 st april 2012

A DIRECTOR OF A COMPANY TOOK LOAN ON HIS FLAT IN HIS NAME AND INFUSED THE FUNDS IN COMPANY.HE ADJUSTED THE INTEREST ON ABOVE LOAN TAKEN AGAINST HIS INTEREST INCOME ON FDRS.
HE TOOK THE LOAN IN HIS NAME TO SAVE THE INTEREST OF COMPANY AS HE GOT THE LOAN AT CHEAPER RATE IN HIS NAME.
IS THIS DEDUCTION OF INTEREST IS PERMISSIBLE U/S 57 OF INCOME TAX ?
PLS SUGGEST WITH CASE LAW IF ANY.
THANKS

plz let me know where to pay professional tax
is it manual or on line if manual then in which office my friend is dentist and he has to pay rs. 1500/- as professional tax v fill up the form but dnt know where to pay plz tell us....

Hello Sir/Madam,


I own only one house property which is also self occupied .I am vary much confuse that if i sale one self occupied house property than whatever capital gain arise from sale of house property is chargeble to capiral gain?

Thank you Sir/Madam.

1. Profits from Intraday Share trading.
2. Profits from Futures & Option.

Above both are settled without any deliveries

Please provide me the supportings also.

As per Rule26A.

The assessee "MAY" furnish Salaries due or received by him from the other employer to curreent employer.......


Question is,
whether is it necessary to furnish previous employer's salary to current employer for TDS purpose,

if not,

then will it be any non-compliance if employee has submitted last drawn salary slip at the time of his joining & we are not deducting tax on his prevoius salary becoz he has not submitted Form 12B?????

Dear Experts

A proprietorship concern (TRADING FIRM) has taken mortgage loan 80 Lacs @ 12.75 % from a Pvt. Financing Company (RELIANCE)& out of 80 Lacs, Rs 50 Lacs being lend to other Proprietorship firm (MANUF. FIRM) in which his wife is prop.. The said amount is shown in books as "advance against purchase".

The said amount is actually used by other firm for purchasing P&M to enhance the prodn. capacity.

The amount of advance shown being reduced by showing sales & no interest being provided on it.

My Query regarding the matter is:
1. does showing Rs 50 Lacs as advance
against purchase if proper? If not
how it is to be shown?

2. does not providing any interest on 50
Lacs is proper? If not suggest the
correct treatment.

3. does there any income tax implication
in the matter?

4. does the loan taking firm need to
deduct T.D.S on intt. being paid to the
company from which loan taken. Since
the lending Company is a PVT. FIN.
COMPANY (RELIANCE)?

Please suggest & solve the query. Earliest reply is thankful.

Dear Friends,

Here is a Pvt Ltd company(Domestic)which has paid Doctors registration charges for a conference and accommodation expense for 3 days to a non-resident which is not having any business connection in India.

The doctors are from India. Amt paid was in Euros.

Whether TDS applies in this case??

Kindly help me.

Thanks

MY CLIENT HAS A BUSINESS INCOME. AND INCOME SHOWS 8% OF TURNOVER.HE IS INTREST PAID IS GREATER THAN INTREST RECEIVED ACCORDING TO INDIVIDUAL, HOW TO SHOW G.T.I.