dear sir/madam,

Mr.A is a register dealer in Tamilanadu, he purchased goods @5% with in the state, and he sold with in state after some changes @0%(zero rate).
my query is- is he claim input credit on the goods purchase against his total output?

thanks & regards,

siva

capital gain arise from sale of residential house property

it is compulsory to invest same money for purchase of new residential house or assessee can claim exemption using money of housing loan

any case law???

plz ...Advice me tht how to Study for CA final both Grp. i Gave 2 attempts & couldn't pass. Which books or notes should i Use !! and what shuld be the approach of Study !! to Get perfaction or to Build Confidence !! plz plz plZ reply !!!

I have a flat A in Navimumbai worth 35 lacs (with loan of 10 lacs ) and have purchased another flat B in Thane (with loan of 75 lacs ). Both properties are in ready possession. Since i have my office in mumbai. Can i claim HRA, show the 1st and 2nd property let out ?
Also since i would be eligible for incometax rebate of 1 lacs towards principal and 1.5 lacs towards interest towards Flat A . Would like to know if i can claim the additional interest born on Flat B which would comparatively be high approx (5-7 lacs per annum). Is there any limit on the interest to be claimed on FLat B

a NRI & Resident of U.S. has earned Bank interest of Rs.1 Lakh in India.
Bank has deducted tax @ 30%.
he is going to offer Indian Income in U.S. What is the procedure for claming TDS so deducted in U.S.

Hey Frndss

As hybrid system of accounting is not permissible by law but for some professional entities like CA firm can follow the same,

So is it correct and if yes then trust or society can also use this system for there accounting.

When interest is reinvested without crediting.As both principal + interest.what is accounting entry???????

hello I am IPCC student who cleared grp one in second attempt .But in every CA office wherever i am going they were saying only if u clear two grps then only we wil give articleship . I don't know what to do i am totally confused what to do . and anyone please say what is meant by secondendent procedure . please help me

Dear Sir,

I have a two type of income
1-Capital gain thru share market
2- I dont know which head income taxable from MCX business (Multi commodity exchange)?

tell me which income head falls and what to do for disposal of mandi tax and how compute yearly income for income tax purpose.

where a person has a liability to pay tax in respect of other persons income, he is allowed to adjust such persons losses against his income