Hello everyone,

AB & CO and CD & CO are two firms. Both the firms have 3 working partners each.

Now they have decided to construct a residential complex in joint venture ?

My question :
1. What should be advisable either Joint venture or partnership firm ?

i think partership is better because of simplicity of taxation as compared to taxation of Joint venture.

waiting for the vies of the experts.

Dear Sir,
I have downloaded consolidated tds format file from traces for correction due to challan is unmatched but hoe to make changes in it & How to know the What is thread in challan in previously file return. I hava tried for Justification Report but traces system shows massege not available so what to do in such case?

Thanks & Regards!
Dipak Sonawane
8390924115
dipaksonwane01@gmail.com
Aurngabad(MH)

Hello everyone,

suppose AB & CO, CD & CO are two partnership firms.

Now they both want to form a partnership firm to carry a particualr business.

can they form a partnership firm and if yes then can the partners of both the firms (are working partners) can claim the remuneration as per section 40(b) ?

Dear Experts,

In case of one of my colleague, the Bank has deducted TDS on interest on Bank deposits in FY 2011-12(AY 2012-13) on which he mistakenly didn't take credit in the Return and thereby didn't get refund as his total gross emoluments were less than maximum limit.

Can he take the credit of TDS deducted in the year 2011-12 in the FY 2012-13(AY 2013-14) ?
Or there is any other way to get the credit of the TDS deducted ?

Experts do reply at the urgent.

Sir,
I want to ask one question that when I received payment from party I always divide in Bank Receipt, Tds Payment and WCT payment.I Want to know whether Tds Payment to be shown in Assessment year i.e.Year 2013-14 and WCT in Financial Year 2013, I always post in Tally this manner, whether I am right or wrong?

Sir,

While amending ST1 regarding reverse charge, i have selected the service recipient option. Do i have to select GTA service from the drop down list for taxable services to be provided.

Dear all,

I have some doubts regarding interest on housing loan, for taxation purpose. please anyone clarify.

1. can we deduct interest on housing loan ,from both incomes of spouse (i.e wife and husband) in 50 -50 proportion for tax savings.

2. can we claim both HRA and interest on housing loans in any case.

3.suppose ,if a person is staying somewhere and his/her house is in other place. In own house his/her parents are residing. is it possible to claim both HRA and interest on housing loan as deduction.

Sir

Could you please tell me the limit of job work Sale / Purchase for the F.y 2013-14,
and also tell me when tds and service tax will be applicable on job work


Thanks & Rgds

mukesh kumar

sir

please let me know the limit of job work which is exempted from service tax and also applicable service tax rate.

thanks & rgds

mukesh kumar

Dear Members,

Pleas answer the below query that whether an Indian company who has given the loan to its 100 % foreign subsidiary mining company a year ago can convert the loan to share capital with the approval of RBI.
What are the formalities in relating to this since the subsidiary company cannot pay off the interest on loan since the revenue has not started and will not start in the next 2 years.

Thanks