what should be the journal entry in case of lost of car taken on loan?

An assessee has deposited Rs 600000 in 5yr Term deposit eligible for deduction U/S 80C of I.T. Act.
For AY 2009-10 , assessee has filed ROI as on 08.03.2010(after due date;due date is-31.07.2009).Therefore Revised Return canot be filed.

Now my query is Whether Assessee can move application u/s 154 for claiming deduction u/s 80C?

Eagerly waiting for expert opinion.
Thanking You
Sanjay

Dear Friends,

Rule 6DD exempts payment made to the government in cash. I request you to provide me with the definition of government as meant in the said Rule 6DD and what does it includes. Also whether it includes...

1. BMC or any Local Authority

2. Bharat Petroleum ( a govt. undertaking or PSU)

Please help as soon as possible

Thanks & Regds.

Shekhar

Hi,

The situation is that my client has booked a flat in a residential society under construction with a builder and has made partial payment for the same & also has paid the stamp duty as applicable during Feb 2010.

and as per the new finance bill as passed in the parliament, services of the builder is now covered under the service tax bracket.

Would be real help of your if you could tell me whether in my friends case, whether he'll be liable to pay the service tax?

Dear all,

What is the accounting treatment of convertible debentures. Are they equity or debt? where is it placed in the balance sheet

We are having partnership Firm form 3 years, but we noticed that somebody in last month trying to register our firm name by adding PVT LTD What is legal status, pls advise send email srk1261@gmail.com

goodwill valueation ..........

1) If a new unit is set up in HP/uttrakhand which is exempeted from excise duty under Notification no. 50/2003 whether such unit is required to take registration under excise or not ?
2) Whether any certificate is being issued by the excise deptt. to confirm that such unit is exempt from excise duty under said notification.

I sold a flat-A in May 2009, with a net capital gains of Rs 10 lacs. I had booked a flat-B in Nov 2007 for 24 Lacs (18 months earlier than sale of flat-A), the possession of which is due in May 2010. In order to avail relief under sec 54, kindly clarify the following points:
(1) Agreement date or date of possession is considered for calculating time limit of 1 year before and 2 years after?
(2) If flat sold was solely in my name, while flat purchased is in joint name with my sister, can I claim releif under sec 54?
(3) If I have made payments through a housing loan in place of investing my own capital gains money, can I claim releif under sec 54?

How to check drawings power during audit of client? Pls suggest