I am a partner in one firm ABCD Enterprise, I want to convert the same in ABCD Enterprise Pvt. Ltd under part IX, how ever the same was rejected by ROC stating that it is not available, hence my second option ABCD Structure Pvt. Ltd was approved.

Now on filing the documents ROC insists that I shall first convert my partnership firm from ABCD Enterprice to ABCD Structure than only it can be converted in to Part IX.

Ours is a govt. construction company so we have to change all our certi and registration twicely instead of one time which is very expensive and lengthy. Pls suggest is it compulsary to do change the name 2 times.

Wil u refer me best books for PCC studies ?? I am searching very eagerly.
Plz.

Sir,

I have an query about Pre Construction Period Intt. u/s 24 of Income Tax Act :

Case : Suppose Mr. A buy a residential plot & start construction of house by taking loan from bank. Now, after the completion of construction, he has to avail the tax benefit of pre construction period interest in 5 equal instalments. For the first year, he availed the benefit of pre construction intt. (1/5 share).

Thereafter , he sold the same property.

Now, the question is What to do with balance four instalments of pre construction period interest???

Whether he can take benefit u/s 24 as usual without having ownership of that house?

or

he should consider as the cost of that property for calculating capital gain/loss.

Kindly Advise with provisions of the Act & case laws.

Thanks & Regards,

MY QUERY IS THAT SEC 10(13A) IS SILENT ABOUT WHETHER DEDUCTION IS ALLOWABLE IF RENT IS PAID ON CASH BUT THERE IS NO TENANT AGREEMENT.

Dear Frnds,My client had some goods in stock.while they purchased them VAT credit availed.but after some month in same year they converted them into Assets for company use.so plz do give me what entry to be passed with what amount and also treatment of VAT credit already availed.thanx in advance

Dear Frnds,
I do like to ask that a director of a company owns a car on his personal name he uses that car for purpose of company.he like to reimburse the expences of car.what formalities he has to do with company..and also is he eligible to do so
thanx

The assesee is a salaried employee. Changed address due to job transfer.
Bought car under a loan scheme. AO called for info under AIR. Notice couldn't be delivered & served . AO passes order u/s 144.

What should be primr ground of Appeal? & What kind of order is expected from CIT(A) ? In case remanded to AO can he open the complete assessment proceeding or will be restriced to AIR info on basis of which order has been passed.

PVT LTD COMPANY SOLD DEPRECIABLE ASSET-RESIDENTIAL BUILDING

NOW PURCHASING RESIDENTIAL BUILDING WITH LAND AT COMPOSITE VALUE.

BUILDING IS GROUND FLOOR+1ST FLOOR PLUS SOME LAND APPURTENANT.

WILL FULL VALUE OF PURCHASE BE ADMISSABLE AS DEDUCTION UNDER SECTION 50 OR ITO OFFICER CAN DEMAND THAT VALUE SHOULD BE BIFURCATED BETWEEN LAND AND BUILDING.

ANY CASE LAWS ON THIS

THANKING YOU
BST REGDS
MAHESH

Hellow... friends..

1. what is the limit for excise registration?

2. is there any saparate limit for SSI?

3. if i take registration on 1/4/09 can i take input on before 1/4/09 purchases? (only 1 type of product is manufacturing)

4. if iam having registration but not raising excise invoice up to my turnover is not reaching 1.5 creore. is it right?

regards.

venkatesh. b

A building contractor take a contract with material then he is liable to pay service tax and VAT.
Now my query is can he claim input credit of VAT in work contract tax and Excise paid on material in Service tax.
Coz, when he purchase bills are charged with excise and vat. so my query is whether he can take set off vat against vat and excise duty against service tax.

Tanmay & Ritesh