Hi all,


i have one doubt please clarify the same.

One of my friend doing a business of construction of building. he buying the materials like sand, steel, cement etc., for tht that he is paying VAT also. he is not selling the same to other. he is using the same to construct the building.
whether input credit can claim in this areas.

prasanth

RESPECTED SIR/MADAM,
I AM A STUDENT OF C.A.FINAL IMY CURRENT QUALIFICATION IS:C.A.(INTER)PASS,B.COM 1st DIV, M.COM 1st DIV, AND HAVING COMPLETE KNOWLEDGE OF COMPUTER.
PRESENTLY I AM DOING MY ARTICLESHIP UNDER A REPUTETED C.A. FIRM IN WHICH I GETTED SALARY BEING RS.2,500 P.M. SIDE BY SIDE I PREPARE MY SELF FOR C.A FINAL EXAMS.
I HAVE ALSO COMES ONE OFFER FROM CADBURY INDIA L.T.D FOR THE POST OF ASS. AUDIT OFFICER SALARY BEING RS.200,000-3,00,000 P.A. SUGGEST ME YOUR'S BEST ADVICE
THANKING YOU!
UMASHANKAR VAISHNAV
C.A.FINAL

Is it possible to make a joint venture & subsequent MOU between an Indian university and a private educational society with a few members to set up an Institute.

later several years both the parties are failed to meet the clauses of the MOU and the institute is closed.

Under this situation what the students will do?

The legal proceedings and case will go beyond several years again?

Can we put a case in Fast track court ?

Comment


Sam Koshy

An assesee who settle his housing loan and paid final settlement alongwith interest in previous year, then what he can claim full amount of settlement which is more than one lac for taking deduction u/s sec 80C

Financial Assistance in the form of cash
(non -returnable) + agency service from a government fund to a private company for
office automation ( software installation).

We can account this cash as miscellaneous income in P& L A/c.

How we will account this income in other ways?

How it will b/f in the next fiscal year ?

( Not from Indian Govt. but from a middle east country ministry)

Myself became a director of a private Ltd. Co. and it is trading concern. This co. is of my relatives and I am not involved in this company neither I invest anything nor I withdraw any amount. Later days can any liability put on me on behalf of company? Am I responsible to pay any liability of company?

Waiting for reply ...
Pradip Pandey

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What is the quantum of deduction that would be allowable under the Income tax Act on a flat the construction of which was completed during September 2007 and possession handed over in October 2007? Whether full deduction is available? Is there any CBDT circular in this regard?

an assessee has a long term capital gains on ornaments..he has short term loss on shares for the same assessment year...can it be set off even if the return is file after due date......

Increment for the month of Jan-Mar'08 will be received in the month of Apr'08.

Plz clarify it will be taxeble in which assessment year i.e. 2007-08 or 2008-09.


Thanks,