Can a POI invest in LLP on repatriation basis?

Hi Everyone, I have a query with regard to applicability of public deposits provisions to limited companies. The case is as follows. The company has collected Security Deposits (SD) from their dealers/agents on which it is paying a simple interest of 12% pa. But now there exist some dealers who aren't doing any business with company past 2-5 years but because they haven't withdrawn their SD's, Company is still paying them an interest @12% pa. As per my understanding, the SD got converted to public deposit where sec. 58A of Composites Act, 1956 and Companies (Acceptance of Deposit) Rules, 1975 would be applicable. please confirm whether my understanding is right. Thanks, Sandeep Biradar

Dear Sir,

I have provided my gross salary breakup into below categories.
Basic,Hra,Uniform allowance( 100p.m.),Transport allowance& medical Allowance & shown the same in salary slip.

Question
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I am paying .....amt( few thousand)pa for school fess for my child.Can i get deduction under 80c even though i have not shown the same in my salary slip's breakup?

pls. advise.

A company is following deprecation methods as laid down in income tax act. it is there accounting policy from last so many years. In FY 2013-14 they had purchased computers on 31/03/2014 and has charged deprecation for half year as per Income Tax rules.whether treatment done by the company is acceptable as per AS 6 ?

Dear All

One of my client is facing legal suit on some property issues with other party say X. My client has received amount of Rs. 5 crores from X under an agreement to sell. Now whenever decision will be announced, my client will have to pay this amount alongwith interest to X. So to handle the burden of interest, my client has made FDR of this Rs. 5 crores. My query is how the interest income on this FDR will be dealt with?? because it is of funds of other party?? Whether my client has to bear the whole taxation??

Or, there is other way out in income tax.


Thanks

Dear sir,
I'm planning to join IPCC on the end of july this year under direct entry scheme, i live in a small town so i can't able to go to classes.

i'm also planning to do self studies and i need some list of reference books.

Is it possible to clear IPCC by self studies in a single attempt.

And i need information about ATC is it good to do or not, what are its advantages?
can it be done along with the articles or not sir...

if rented property is in india and owner lives outside india. service tax is application under what

Dear Sir,

I wanted to know that if a company purchase a transformer for using as a power generating machine, whether he is eligible to avail the cenvat credit on the duty which he has paid at the time of purchase of the same.

I would like to know.. as if currently m doin articleship in a firm.. which is completely audit based firm.. da company have tax audit..stat audit..internal audit.. but m confuse whether to continue wid dht firm or not.coz.. everyone says join da firm in which u learn ol aspect of work like tax filing en all.. I also have dht firm.. but its little below da firm m currently working.. m objective is to enter into enterprenure or into practice. please entertain da query asap..thnx in advance.

i m submitted my return on 28/04/2014 for the period of oct-mar 2013-2014.if i will pay any late fees amount for that 3 days