Husband & Wife are co-owners of the property purchased thru Home Loan. Both the persons are working and Home loan is taken jointly. Will the limit of Rs. 1,50,000 apply individualy to both of them ( i.e Total deduction will be Rs.3,00,000) or will the total deduction restricted to Rs. 1,50,000.

hey plz help me out. m rt nw gvng my +2 xams n want to go for CA . i reside in chd bt interested to go delhi. so plz suggest me should i giv CPT in chd n then go delhi. or should i gv CPT in delhi n pursue further edu there nly.

also tel me top coachng institutes fr CA n CPT both in dELHI N CHD.

IN SHORT PLZ GUIDE ME TO THE RITE PATH. I NEED GUIDANCE

Sir/ Madam,

We are register with Service Tax under GTA Service (Good Transport Agency ) As a Received and we pay Service @ 3.09% at TRansportation Bills. Sir, we received bills in two portion i.e. one is goods bill and another Transporton Bill, but Transporter give us one challan of Goods Bill and do not give us Transportion Challan and give us directly Bill. Will our liability be made in this regard because I hear that Consignment Note should be necessary for GTA (Goods Transport Agency ) Bill if Transporter did not give Consignment Note the Liability of Service Tax @ 3.09 (Now 2.575%)did not make.

Please guide me My E-Mail ID is sunil_kumar10520@yahoo.com

DEAR SIR,
IF I DEPOSIT RS 20,000 TO ANYOF MY RELATIVES BANK A/C, HOW MANY OF THIS AMOUNT IS TAXABLE..........?

SUPPOSE IF I DEPOSIT 15,000 & 10,000 ON SAME DAY BUT IN DIFFERENT TIME, IN THAT CASE ALSO THIS AMOUNT IS TAXABLE?? (AS TOTAL AMOUNT IS EXCEEDING RS 20,000 PER DAY)???????????????

PLEASE CLARIFY..................

THANKS IN ADVANCE.......

Friends,

One of my Assessee having 3 lands ownerships in percentages amongst brothers in Baroda Area. Where the Assessee decided to retain only 1 land and sale the 2 land ownership percentages/rights to other brothers and on sale my assessee receives the amount of sale consideration and against which 1 he retains he pay off to his brothers share as purchase consideration.

i.e. Land 1 (which my assessee retains) pay off his brothers Rs. 54.00 Lacs (purchase consideration)

Land 2 (which my assessee receives on his brothers on sale Rs. 30.00 Lacs (sales consideration)

Land 3 (which my assessee receives on his brothers on sale Rs. 40.00 Lacs (sales consideration)



Now query is that on calculation of indexation if capital gain arrives some amount, can I claim the CG against my new purchase, under section 54EC upto Rs. 50.00 Lacs as per REINVESTED in Land.

The whole transaction is done in Baroda Area within the Municipal Corporation Limit.

Please give URGENT Feed Back because 15th March, 2009 is nearest for Advance Tax if you resolve the query fast so I can make the payment in time

in Short can i claim gain against my purchase land?


Waiting your reply.

NILESH H GAJJAR

Pls. guide me what is Investment allowance reserve, and his treatment.

is there is a vat claim on packing material like polybags, carton boxes?............

Sir,

I am working in a company where i was getting Rs.8000/-PM salary for the financial year 2007-08. and i earned a commision on sales on whole year of Rs. 130000.00 but he not paid me in till jan,09 and i was filled my return of Rs 135000.00 and tax paid of Rs.3006.00 (inc intrest) NOW company is giving me my commision now what to do. how should i treat this income.

Harish

Hello,
1.One Vendor(A&Co.) import 100 Qty. of raw material and pay CD&CVD though bill of entry.
2.After import A&Co supply the same material sales to B&Co through their 5 invoices 75 Nos., but A&Co not register under Excsie i.e.Regn.number not taken by A&co.
3.A&co also send the bill of entry copy after endorsement to B&co.
Sir, My Qyery is as below:-
(a)Can B&Co. take cenvat credit on A&Co invoices in this case that A&Co is not regn. under Excise.
please reply urgently.
Regards

whether ajay jain is good for pcc income tax , if other teacher is there then pls suggest pls give your valuble view in this regard as soon as possible