whether payment for taking space in trade fair is liable to tax deduction? If yes then under which section and with reasoning? Whether it will comer under category -'Rent' or 'Advertisement' or 'Contract' payment ?
If you have any details please mail me on my maid id which is anjani_inform@yahoo.com. Please suggest at earliest.
Friends
is it allowed interest(penalty)paid on property tax for deduction from service tax.
we are paying property tax with interest/penalty
how i can claim property tax deduction from service tax paid on rental income.
is it allowed property tax deduction including interest thereon
Hi, Experts
Plz give me clarification what do mean by interested director, i am confusing this question, what is interested director
Plz give me briefly able to understand and give examples also, Plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Dear all,
I have a case where i am getting confused W.R.T input credit . please help:-)
Say:- Assessee has to failed to recognize RCM towards Advocate fees and treated the same as an ordinary telephone bill i.e. they have taken 100% input cr without paying thier part of Service tax.
So can anyone enlighten me with the relevant provisions especially input credit..
Thanks
Section 80 TTA provides for deduction of interest on deposits in saving account upto Rs 10,000 and explicitly provide for exclusion of interest on "time deposits" from this deduction.
My question : Whether 'time deposit' shall include deposits in Sweep or Flexi Account?
Though, Deposit in Flexi/Sweep Account is undoubtedly a king of term deposit and logically not eligible for deduction under this section.
But explanation to 80 TTA states that "for the purpose this section, 'time deposit' means deposit repayable on expiry of fixed period"
An argument could be that Sweep Transfers are never repayable on expiry of fixed period. They are repayable on demand. There may be a fixed period for crediting interest, but no fixed period after expiry of which, which the assessee's funds are returned back to him.
In fact, these deposits are nothing but an extension of assessee's saving account as assessee need not break these deposits before making any payment. He simply has to draw a cheque from his saving account and these deposits are automatically broken to the extent required to make such payment.
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Dear Sir,
Can reserve created out of upward revaluation of land & building can be credited to proprietors' capital account.
Dear Sir,
I have passed Ipcc both groups in nov 2012.But still i didn't receive my original marks card.My friends got it 2 months back. How can i get it now sir.
I am chartered accountant nov 2012 passout cleared with 60.5%. I have applied in various companies and ca firms,upload resume on naukri.com,monster.com but not getting any reply.
fully frustrated.I have completed my articleship from a low firm. IS THAT THE REASON??
PLZ give me some advice.
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Tds liability on payment for taking space in trade fair