dear sir,

when it is needed to calculate deffered tax

deffered tax is due to timing difference but when it is needed to calculate


means is their any time bound
or
it is depend upon turnover
or
it is depend upon loss and profit of company

can newly opened company also calculate deffered tax after one assessment year

Dear All,
An employee has taken education loan for his son. Bank has given loan in the name of Son. Father's name is not mentioned any where. As per bank, loan can be given to the name of student not to the parents.
Repayment has been made by father's account.
case a) Could Father get the tax benefit u/s 80E for the interest paid by him.

case b) if repayment is being made from mother's account; her income is not chargeable to tax. Could father take the benefit under same section.

Thanking You,
Avinash

suppose a company trf. 50$
and we received 45$

( my bank ) doesn't charge and bank charges so my query is

1) that 5$ is bank charges charged by thier bank

2) can we book that 5$ as bank charges in our book but how means any procedure, rule , notification

because in each trf. which we are getting from overseas party ( hong kong ) they
normaly trf.

for eg.

10000$
but we received 9990$ and even that 10$ does not charged by our bank so, what kind of fees is this

expert please reply

Interest paid on commercial property purchased from Registering authority (State Office) where the payments are to be made on annual basis is allowed under Section 24(b). If not whether the same is allowed under Sec36(1)(iii) of the Income Tax Act,1961?

Dear All,
I am residing at rented house & i have booked a flat in same place. The house will be completed in June 13 but repayment has been started because partly loan has been disbursed.
Now I want to claim HRA for full year as well as benefit of int. on home loan u/s. 24b which has been paid by me during the FY.12-13.
In my view int. paid by me is not for pre-construcion period because pre-construction period means the period commencing on the date of acquisition or date of repayment of loan, whichver is earlier.
I have started to repayment hence could I claim the total interest paid by me in the Current FY.
if any case law; pls give.

Thanking you,
Avinash

Incase of a builder, the assessee sold built-up flats to customers and accounted for actual sales consideration in the books of accounts instead of registry amounts which are on very lower side. Whether the difference between actual sales consideration & registry amount is profit for the builder or not?

immovable property of elder brother sold and amount received is paid to younger brother for construction purpose amounting to 20 lacs, can this unsecured cash loan can be taken in both the brothers books, is it allowable u/s sec 269SS, please clarify

A Commercial property is owned by a private company. The company earns income from letting out the said property. Whether the rental income earned be classified as income from house poperty or under the head business & profession?

what is the tax treatment under excise and customs duty where goods are imported and sold as it is against CT-3?

hello sir,i am an ipcc passed student.my friends are now advising me to register for cs executive exam too.i wanted to know is it worth the trouble?will it actually make a difference in future?no doubt ca is my aim but i am still confused.will it effect my ca studies and articleship?i am not that great with theory subjects too.please help.also if not cs then do you suggest any other course?