Case study: solve it..
A, B, C, D, E are the owner of one house property, they took loan from SNB to construct this hp. In first year they took deduction as loan interest RS. 1, 50,000 in A’s a/c. In the second year they took deduction of RS.1,50,000 in A’s a/c and RS.1,00,000 in the name of B. In the middle of the third year they took another loan form SBI and repaid the first loan out of it (or simply they transfer loan from SNB to SBI) .Now from third half year i.e., interest of SBI ,they want to claim interest as deduction in the name of c.
Question.
1) Is it correct treatment in first and second year?
2) What is the correct treatment in the third year itself? Can They take separate deduction of Rs. 1, 50,000 for first and second loan for third year?

respected member
plz help me ...i filled a return of income of my friend ( ITR-4 ) of A.Y 2012-13 u/s 139(4).. .ITS A REFUND CASE... but at the time of e-filing i made a mistake and enter wrong bank account no......now i received intimation u/s143(1).. and i message from dept. that my refund has been accepted.....and reason for unpaid is wrong bank account.... how i can claim refund...

During F.Y. 2011-12, there was TDS dedcucted on bank interest u/s 194A and there wasnt any other income for this financial year.

Can I still calim refund as I havent filed ITR yet for F.Y. 2011-13?

Thank you!

what one must have to learn in articleship in three years...(plz specify for each year)
as m doing articleship but my principle is giving only work of data entry & internal audit.... (i had completed 8 mnths of my articleship)
saying all tax related work you will get in second year...
should i continue my articleship with him or take transfer

can a second hand vehicle purchasedf can be shown in accounts with no proof about it

Sir

Please tell me about the refund of additional customs duty its implication on balance sheet

Dear Sir,

My client is doing servicing of turbo (motor fitted in Buses) and charges Labour Charges @ 12.36% on it.
We have categorized it in "Maintenance & Repair Service" and charge service tax on full value.

Please guide us, whether it is right treatment or not ?

Sir i am cs executive student.
I want to know after application for subject exemption on the basis of llb degree & and fees for exemption how I know whether exemption granted to me ? whether icsi issue letter for grant of exmption from subject

Respected Expert(s),

Kindly tell me entire entries to be done to adjust income tax paid with provision for income tax in company's accounts.
Please also tell regarding the same where provision exceeds income tax payment and vice versa

Dear Friend

I understand that for declaration of Service Tax liability under Voluntary Compliance Encouragement Scheme- 2013 we need to declare our liability in prescribed Form VCES1 along with Calculation sheet separately [the manner of calculation as prescribed in S. No. 3F (I), or as the case may be, the Part „B‟ of Form ST-3). Can any body provide the said format to prepare the calculation sheet.

Thanks
Saroj Pandey