I have given my House given on Rent so i can claim deduction under U/s 24 @30%
but as per the the below explanation will i get to claim full amount what i have spent on painting..
When we say 'repairs', we mean work to make good or remedy defects in, damage to or deterioration of the property.
For example:
replacing part of the guttering or windows damaged in a storm
replacing part of a fence damaged by a falling tree branch
repairing electrical appliances or machinery.
When we say 'maintenance', we mean work to prevent deterioration or fix existing deterioration. For example:
painting a rental property
oiling, brushing or cleaning something that is otherwise in good working condition
maintaining plumbing.
Please explain
I purchase 570 Pc of Poly Bag from supplier @ Rs. 5.44 per piece so it goes as below.
570 Pcs x Rs 5.44 = 3101
Supplier has charged
ED @ 10% on 3101 = Rs. 310
Cess on Ed @ 25 = Rs. 6
Sec. Edu Cess on Exise Duty @ 1% = Rs. 3
VAT @ 5% = 171
Total Bill Amount is Rs. 3591
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MY QUESTION IS, Can a supplier charge both excise duty and vat at the same time?
What Idea I have is, Excise duty is charged by manufacturer only and If manufacturer does so, he should not charge VAT?
If yes, in what conditions. Please elobrate it.
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Dear Sir
Please let me know about Deduction in respeact of 80E With Example
Hi,
I need a memorandum of association of the Computer hardware company & Objectives?
please suggest
A manufacturer should charge vat or excise duty or both in the following conditions?
A. If he sells the manufactured items in his own retail stores to retail customer directly?
B. If he sells the goods to traders?
The assessee is a salaried employee and has taken a housing loan for purchase of flat. However, till now he has not received the possession letter from the builder yet.
The employer of the assessee is demanding for the possession letter for deduction claim.
Please suggest what to do
suppose a service receipient in case of transport of goods by road service receives a bill dated 12/02/2013.but they make the payment on 18/03/2013.now whether service tax shall be charged for the month of feb or for the month of march?
RESPECTED SIR
CHAPTER HEADING NO IS 21012090
I HAVE TO SEND 200 GRAMS SAMPLE FOR TEST
TO LABORATORY
SIR
CAN I MADE EXCISE INVOICE AND I HAVE TO PAID EXCISE DUTY ON THIS MATERIAL
Dear Expert,
Last year one of the employee get tax benefit interest on home loan 40% out of 100%interest value (HE CLAIM 40% & HIS SON CLAIM 60%)
Please suggest me current year he can claim 100% interest value i.e. Rs.150,000.00
please guide me the same
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House property deduction