i took a loan for 75 lacs for construction on April,2008 and started construction from same month and paying EMI from April,2008 onwards to bank.

Can i claim interst paid for Rs. 150000/- on loan as deduction u/s 24(b) for the FY 2008-2009 as construction is still going on?

If a company is depositing FBT on presumption basis and at the end of every qtr,total FBT payable is changed and 45% of FBT paid by Company is fall short and no interest is being paid on such FBT.
what should be the right treatment of the same

Presently I'm undergoing Supplementary Articleship which will be getting over this month end. I've resigned my previous job to complete the Supplementary training, which pays me Rs.2 Lakhs CTC p.a.. (presently i'm getting stipend)

I'm appearing (for the long time) PE-2 examination but not cleared yet. This is the last attempt for PE-2.

My Question is : After the Supplementary articleship training What I should do? I've 3 options:

1.) To Join in a company, ( Work & study in the spare time)

2.) To continue in the same audit firm as a paid assistant, and get 1 month leave.

3.) After the articleship training, do not join any where and study for remaining 45 days.

***My present Bank balance is Rs.10,000/-. Cost of living is Rs.5000/-p.m.

Can anyone guide me plzzzzzzzzzzz.

Regs

Ram

if invoiceS Of previous months booked on 31 st march then what will be cut of date for Tds payment.

We Purchased a Motor car in May for about Rs. 600000/-

This car is used by our consultant from May to Jan, and during this period, consultant party give us Rs. 30000/- pm as hiring charges to us and r/m also beard by them.
and Now this car is used by company from Feb,

now, how much amount of Deprication on this car should be taken for FBT.

Hi!Everyone

I want to know that we deal with the another party against Barter Deal of Advertisement. When We / they will raise the Barter invoice in amount to us/them, we shall deduct the TDS on that invoice or not.



Pls give me reply

thanx

We are purchasing goods from a trader who is in turn purchasing bulk durgs from manufacturer.
We are also manufacturer in bulk drugs registered with Excise.
The Trader from who we are purchasing goods is leving excise duty in his bill.

Firstly I want to know whether a Trader can collect excise duty.

Secondly I want to know whether there would be any difference in calculation for taking the excise credit (Set-Off) When we are Purchasing bulk drugs from a Trader vis-A-Vis Purchasing from the Manufacturer.

Suppose Mr A taken housing loan for a house which is in Baroda but he actually working in Surat and receiving HRA from P Ltd. Co.in surat.

Whether He can claim both
1) HRA exemption by Paying rent in Surat &
2) Repayment of loan
(Principal in 80C and Interest as
house loss )
pl provide the Act Back up for your answer with sections etc.

As per 102 deed of Articleship, my articleship period was already completed on 5th February 2009.But at the time of filling CERTIFICTE OF SERVICE (provisionally) before writing final exam; it has been mentioned as 29th April 2009.

My question is whether I can submit Form 108 (service certificate for articleship) and apply for membership before 29th April 2009 based on the credit of excess hours worked?

Or please suggest any other mode of getting my membership before 29th April 2009.

Thank You
Sriram Banstola

A person say Mr.x is in employment outside india and has onle source of salary income which he deposits in NRI/NRE account and the same is withdrwan in India by his family memebers for household expenses etc..Would it be taxable in any of the hands of person?