A clieny had already taken a home loan. Problem is....home loan is taken on the name of joint owner and the whole amount of loan is paid by single joint owner but the ratio of ownership on property document is 50:50.... What portion of home loan principal amount payment can be clamined by both in their ITR under sec 80C
Answer nowone of my client running the proprierorship business maintaining two sets of books of account one is business purpose and second one is for personal purpose disclose the other sources of income so at the time of considering the net profit margin whether i can consider whole profit including the other sources income say my turnover is 95 lacs so how can i treat
Answer nowShould TDS be deducted on branch audit fees when each branch is having a separate TAN No. and audit fees for each branch does not exceed Rs.30,000. However audit is conducted for all the branches by the same auditor. If no TDS should be deucted then please provide the reference.
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DEAR SIR,
IF AN EMPLOYEE APPOINTED AS COMPANY SECRETARY FROM HIS CURRENT POST THAN FOLLOWING QUESTION ARISES:-
1. IS HIS APPOINTMENT LETTER SHOWING FOR HIS POST AS COMPANY SECRETARY AND ASSISTANT MANAGER (INTERNAL AUDIT) IS CORRECT IN THE EYE OF LAW.
2. IS HE HOLD BOTH THE DESIGNATION, IS ANY ISSUE IN THE EYE OF LAW OR IS THIS APPOINTMENT IS CORRECT.
if a transporter incurred expenditure of rs. 34000 in cash on account of purchase of tyre.as limit is provided upto 35000 for plying, hiring nd leasing is it allowable. each expense limited to 35000 for transporter.
Answer nowSirs
Many authorities require Service Tax Registration no. even from the new units, but department refuse to grant the registration since turnover is below Rs. 9.00 lacs.
Please clarify whether any person is entitled for Voluntary Service Tax Registration, even providing the services but not liable to pay any service tax since within exemption limit.
Can the department refuse to grant the Registration to such voluntary applicants.
A person had invest Rs.5 LAC in ICICI Prudential life line wealth single premium policy , encashment only after completion of five years.That matured in march 16 . Icici deducted 2 %( approx 14000 u/s 194 DA ) and paid the balance 7.7 lacs.how much amount will include in GTI..???
Answer nowhow to crack CA final group 1 for Nov 2016 examinations .... pls guide me how to manage all the subjects within this short span of time.... ??
Answer nowmeaning of depreciation of direct investment in ordinary course of business in sec. 6 (2) of fema
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Deduction under sec 80c