If a person taken Housing loan from a Bank and paid EMI regularly the interst pard is Rs.66544 for the year but he has paid Pre EMI Interst also of Rs. 8,137 , is it pre EMI interest allowable for deduction .same way he had taken another Housing Loan and paid pre EMI interst of Rs 98974 and next year paid Pre EMI interst 153537 and aid full amount to the Bank, is it allowable for deduction.

I am interest to study - income from salary (computation of income from salary)(individual or firm, company)

1) what are the steps. (one by one)
2) what are the rules. (short notes)
3) give some examples & solutions. (problems & solutions - each & every steps)
4) covered under 2008-09 (ay 2009-10)

5) Is there is any power point presenation.

please early reply

regards
chandru

dear sir,

i am an interior designer practising as an Consultant. i have few commercial projects in my hand with material and labour.
what taxes are applicable to me if i am doing such jobs?
should i collect s taxes on the gross amount?
should i collect taxes if i cross 10 lacs after deducting material bills? i will not cross 10 lacs if only consultancy is there. should i also collect vat if i cross 5 lacs as billing is in my head? what is the percentage of taxes applicable and on what case?

i am not doing this kind of jobs on regular basis. will i have to continue collecting such taxes next year even if i will not cross 10 lacs?

please suggest me as i am in puzzle regarding collecting taxes from my clients.

anticipating your reply at the earliest.

Dear sir,
I passed PCC in nov 2008.now i am going to register for c.a. final.my bag was stolen in which there was my 100 hours ITT certificate.now what will i have to do to get the certificate so that i can register for final.what is the procedure?can i get another certificate.?
please help me about it.

Thanking you,
Shefali Garg

Dear Sir,

Can anybody explain to me the dividend stripping rule applied while calculating capital gain in Mutual Fund or other securities transaction ?

Thanks

Subhash

I(Individual) purchased a plot and took a loan for Rs. 50 Lacs. EMI is rs. 1 lac (Principal 25000+ Interst 75000). I accounted in my books as plot under fixed assets for Rs. 50 Lacs.

Please clear what will be treatment of Interst paid under EMI each month? Should it be shown under drawings and less then capital? I am a salaried person.

Can u please send me draft resolution of appointment of new director of a private company and please tell me what steps should be taken by company for this.

sir,
pls may i know that Can a Internal Auditor act as a Cost Auditor in the same financial year in a company?

New Rule 6(3) of Cenvat Credit Rules 2004,
gives two option for taking the cenvat credit i.e.
(i) either reverse the credit attributable to the inputs services used for providing the exempted service.
(ii) pay8% amount of the value of the exempted service.

Please advice what stand for value of exempted service whether the value of trading activities shall also become part of value of exempted service or not likewise other income like income received from sale of old newspapers/garbage shall become the part of value of exempted service or not for working out the percentage of ratio between value of taxable and exempted service.

What do you mean by body of individual ? and please give me the Eg. of same