Hi,

If any assessee has paid principal amount of Housing loan taken from Bank, but the House is not possessed yet, by the assessee. Can assessee take the benefits of Section 80C? Is there any condition relating to Possession of House property for availment of benefits of Section 80C??

With Regards,

Dipendra Panta.

We are into a Real-estate development business and there are certain procurement items we have purhchased incl. of Excise duty.

Now, my query is can we ask for set-off/ input credit of the same (i.e. Excise duty) against service tax payable?

Note: for F.Y. 09-10 there is no liability for service tax payment

kidnly help

i m filing return of person who has his own propertiorship and also a partner in Partnership firm
he received interest on his capital from Partnership firm
So in which head this interest will be shown
1 Other source Income
or
2 Business & professional income

and if it should be shown in Business & professional income,
then in which column of IT return form

Mr.A (Indain Individual) is importing goods from foreign. The situation is that Mr.A is performing High Ses sale to another buyer which is indian company. The bill of lading have possession in Indian Comapny name but Bill of entry was in possession of Mr.A's name.is it possible..?

the second thing is that Mr. A is reciving commision income not sale of goods income.

either Mr.A is correct for it.

Sales tax department is enforcing Mr. A for showing these transaction as Sale and he has to pay CST on it.


Is it make any diffrence in answer if Mr.A is also a Indian Comapany

Dear sir,
I would like to ask the following query and suggestion on the same as expert view.

Whether 217(2A) will come into picture (as Annexure to the Board Report 2008-2009) if the Employee is getting the salary is Rs. 23 lacs p. a but in the month of october 2008 he has given salary of Rs. 240,000/-(Gross Salary including Bonus), will it be necessary to show (annex)with annual report for ROC compliances whenever filing of form 23AC (filing of Balance sheet)with the office of Registrar of Compnies?

Your expert suggestion will solicit.

Please help in the same immediately.


Thanking you,

regards,

CS Somnath Kagade
Company Secretary
Pune

What is Advance Tax

How Can we calculate advance tax

pls advise with example

A Pvt. Ltd Co. pays rent and salary to a director in a lumpsum amount at the end of the year.Also, it pays the TDS on both at the time of making the payment. Is it OK with the co. or it should be paid monthly?

Dear Members,

Please suggest if any law compels a company to pay leave encashment to any employee resigning in his/her probation period.
Further if employee is required to serve the notice period after he resigns, then can balance leave entitlement(CL, SL, PL) be adjusted against notice period days.

Regards
Amit

What is latest applicability of Surchase and Cess on TDS , whether it has been withdrawn for all catagories

Which is the latest NIC Classification? Does the NIC Code of 1987 still hold good?