Is it mandatory to provide 12% interest on the capital of partners of a firm.??? in case the firm is newly opened and partners(2) have introduced 1 lakh each and both withdraw 1,50,000 during the year .In such case what will be the treatment of interest of capital??

suppose a proprietorship firm want to convert into private company.Then what are the provisions to be applied so that no tax liability is charged in the following case

I have a valid service tax registration no. Since i didnt earn any income for the perod April-September 2016, i have not filed the service tax return. Is it mandatory to file nil ST3 return and if so is any penalty chargeable for late filing ?

Deduction under 24(b) for interest on repair of property is upto ₹30000. But if the interest is not paid for 2-3 years will it add upto the amount of deduction in current assessment year

Facts of the case -

Assesse constructed a building for residential purposes in the year 2004
Cost of Land - Rs. 2.5 lacs (Purchased 10 years earlier)
Cost of Construction of Building - Rs. 24 lacs
Assesse started business in the year of 2014
Assessee started using that residential property for the purposes for business.
He used that residential property as an office.

Queries -

How to claim depreciation on same?
Should the depreciation be claimed from year AY 15-16 or from the year of construction?
At what rate should depreciation be claimed?
Depreciation should be claimed on whole property or proportionately on only the part used for business?
Depreciation should be claimed on the composite COST of Land & Building (i.e on Rs. 2650000)?

If the landlord incur some expenses for providing basic amenities ( Gardner facility , lightning and lift maintance ) to tenant . does it will have some affect on house property income ?

A new company of nine months, Nil return filed for first quarter. Few months back, it's TIN got cancelled, however reason not known because of non receipt of notice. Should we further write an application to sales tax to find out the reason for cancellation or we should apply for a new TIN. Suggestions highly appreciated. Thankx!!

whether service tax ( reverse tax) @ 4.2% is to be paid by pvt Ltd co for freight , if GTA invoice included service tax @ 4.2% and full invoice amount is paid by the company to GTA

I was completed my b.com in 2013 @ 69.9%, now i wanna do CA, what is the procedure

Respected Experts,
An employee got the following amount after resigned :-
1) Salary : 20250/-
2) Gratuity : 101250/- (for 6 years)
3) Leave encashment : 18680 (Balance EL)
4) PF share of Employer during the f.y. : 18900/-

Should amount of Sr. no. 2, 3 & 4 added in salary component while filling ITR for a.y. 2018-19? How & where I show the above received amount? If these figures are exempt either I show in ITR or not.

Please Experts, its my humble request, I am very confused, Pleaseeeeeeeeeeeee help me.

Rakesh Sharma