Amount deposited in a Fixed deposit for 5 year or more is deductible under section 80C.
But if the FD is the assesse’s name and payment is being made by another person suppose his spouse or parent, whether this amount would be deductible or not under section 80C.

(2). If FD is in continuance from A/Y 2006-07 for 5 year or more and now we want to renew that FD with more amount whether it would be deductible or not.

Regds/-
Anil Jain

SIR/MADAM,

ACTUALLY I AM PROCEEDING FOR FILING FORM 5 WITH RoC FOR INCREASING THE AUTHORISED CAPITAL OF A COMPANY. I HAVE HEARD THAT THE FORM MUST BE SUBMITTED PHYSICALLY AFTER ITS FRANKING APART FROM FILING IT ELECTRONICALLY. I AM CONFUSED ABIUT ACTUAL PROCEDURE. PLEASE HELP ME SIR.

Can anybody help me to refer a book where, i may get sales tax / VAT case referencer. Actually, I am looking for similar book as published by R.K.Jain in Service Tax case referencer.

Dear Experts,

We have paid Rs.1.5 lakh to increase the authorised capital of our client. My query is under which a/c we have to dr. this amount. We debited to Preliminary exp. is it correct?

Please reply soon. Its urgent

Thanks in advance
Shashi

respected sir,
i want to know is saturday & sunday is given for students for attending there coaching classes after completing 35 hours in five days ( mon - fri ).

Dear Sir,


I want to know whether CST is calculated on Basic or Basic+Excise Duty.
In some Bills i found that Basic is calculated on Basic + Excise Duty.

What is the correct Method to charge CST?

My client has received an incentive for early completion of project under the works contract. The Incentive was announced in the contract when it was entered and now it has been determined. Whether there will VAT on this amount received. Accoring to me it should not be brought to tax under VAT. It is neither a sale of goods nor a service under service tax. It is laible only for income tax.
Is my understanding correct.

Sec 24(b):In case of co-owners, each co-owner is eligible to claim a dedcution of interest on housing loan to the extent of Rs. 150,000/- in case of self occupied property.

Do share any supporting case law for the above.

Also, do clarify whether restriction of interest to Rs. 150,000/- is inclusive of pre-construction interest also.

A was having a flat of 500 sq. ft. for last 10 years. The building was revedeveloped and he took extra 100 sq. Ft. by paying some consideration to builder. Now he sold that flat after one year of redevelopment.

In this case how the capital gain will be calculated? how to treat the extra 100 sq. ft. purchased? whether to treat it as new house purchase or else will be treated as cost of imrpovement?

hi sir r v rao can u give me the phone no of ca student help line . thank u sir plssssssssssss.