From pan no. one can know whether itr has been filed or not for any year ?

If i purchase a property of Rs. 50 Lacs and Full sale value consideration is made through bank. But it is registered for Rs. 30 Lacs as per the guidance value. Can i show the value of property in my books as Rs. 50 Lacs as per the actual considerartion.

Sir Please tell me whats the journal entry if any incentive received by an employee regarding sales .

can a student come in rankings if he is attempting not for the first time? I mean is it important that only first attempt s eligible for getting rank?

my query is that i have pay rs. 7000 Towards payment of contract amt. the bill for the same is of rs. 10000 whether tds is deducted on paid amt. or bill amt.

Dear sir,
If Any service is provided in SEZ unit, so can provider of such service claim exemption to pay service tax ?

Respected all,

I am not able to understand whether I should opt.for MBA from ICFAI distance learning Tripura or I should do CS.
I am not able to understand because as I am 40yrs old & in future which will be beneficial for me.
If any of you can guide or advice me in taking correct decission then please do reply .

Letter of Credit is opened by the buyer in favor of supplier for supply of goods which ensures the payment to the suppler at the end of the period of L.C. Since the money is not received immediately, Supplier discount the L.C with bank . The supplier pays the L.C discount charges.


Queries :
1. L.C discount charges paid by the buyer to the supplier is covered in the nature of ' Interest' or ' Reimbursement'.

2. If it is covered under ' Interest' , is it subject to TDS u/s 194A.


3. If bank discount the L.C on expiry date or before expiry period and charge interest, is it subject to TDS.


thanks you

Request for help on these:
Is electrical goods exempt from entry tax in Karnataka?
If no, is entry tax payable on goods purchased for use in execution of a works contract?
What should be the VAT rate to be charged to the recipient of works contract service for supply of material purchased outside Karnataka by paying CST @ 2%

I had taken loan from bank and part of it from parents for my home. Have not paid any interest on loan from parents nor have done repayment of loan to parents. Now my interest on bank loan had reduced below 150000/-. Can I claim interest on loan from parents for tax deduction under relevant provision of income tax act