My question is - if I provide interest free loan to my wife by cheque (supported with a loan agreement on stamp), she put that money in fixed deposit and earn interest there on. Will that interest attracts section 64? Will it be clubbed? Will there would be any penalty for evasion of tax.? Also let me know supporting judgements of your answers? I had a argument on this topic with my CA. Your answers would be so appreciable.

I am a school teacher

I understand that there is a rebate on savings bank interest in AY2013-14 by Rs.10,000. Does it mean that if I have total S/B interst of Rs. 20,000 I can actually declare as Rs. 10,000. OR in which schedule of e-filing can I show this rebate.
Is post office savings bank interest rebate separately available than this rebate.

thanking you

Dear Sir,

As this query was resolved in june-12 as no TDS to be deducted. The status is same or we have i have to pay TDS. as i have sale one flat and party has hold 1 % and saying they will give me TDS certificate for the same.

Hi
I am an exporter I need to issue a form H to my vendor from where I bought merchandise. Please advise can we Issue one form for the whole year or it has to issued quarterly.
We are located in UP and the vendor is in Punjab.
Please advise.
Thanks
Anoop

CAN ANY ONE SUGGEST BOOKS FOR DT N COST FOR FINAL WHICH HELPS IN QUICK REVISION

I have become CA and not yet applied for COP or Membership no. I am currently working in Pvt ltd co. Yesterday I got an offer of practice. So please anyone can tell me, Can I continue job and practice both. If I am continuing both,will I be able to sign an audit report. Or what is the option to work in company and do my own practice also. Please reply.Its urgent. I will send the form to institute accordingly.

Sir
I am working in PSU and received form 16 as under Gross Salary Rs 1012500/- Exemption u/s 10 nil , P Tax 2000/- Net Salary Rs 1010500/-
we have received Transport allowance and special allowance and get exemption of u/s 10 for Rs 800/-pm for transport allowance and Rs 1050/- special allowance and same was already adjusted in gross salary (i.e employer has directly deducted exemption in gross salary and did not show separate exemption under sec-10)

please guide me which ITR form will be applicable for me ITR-1 or 2

Thanks in advance

Sir, I am SIva from Tamilnadu running a small medicine retail shop. I am registered dealer under TNVAT Act. Today i have received a notice from CTO(Assessing officer) regarding reversal of ITC for the period Jan07 to Mar07 and April 07 to Mar 08 (two years).
Due to delay in filling the returns Form I for both the F-Y (06-07 and 07-08) on 05.06.2008. Also they stated the ITC claimed during the two financial year respectively Rs.21337 (06-07) and Rs.118325 (07-08) has been reversed for non filling of returns on due date (within 90 days or within financial year ending) as per TNVAT Act. If there is any objection on this proposal of reversing this ITC should file thier objection on or before 31st of this month.
Kindly suggest me face the problem and help me sir...

Note: Reason for non filling of returns is lack of knowledge in filing the returns at the initial stages while implementing VAT. Also they have collected C Fees Rs.500 each year for the delay filing while filling the returns on 05.06.2008..

Dear Experts,

Please advise whether a Internal Auditor of parent co. become Statutory Auditor of the Subsidiary Company ?

Please advise.

Regards,

Vijay Jain

hii,
i receivd work to file return of Electrician.plzz help me in tht which itr to fill and all.