can a company which takes over another company carry forward set off of losses of the loss making company.

Eg: A Ltd is a loss making company. B ltd acquires A ltd by purchase of Equity capital of A ltd.
Is B ltd eligible for carry forward & set off of losses of A ltd with its profit.

Is there any case law etc in this regard.

1. Do the interest on the education loan borrowed for studying Masters in Accounting
ie.,M.Com., qulify/eligible for deduction u/s 80 E, rather M.Com., be considered as higher education as defined u/s 80 E?

2) Do the interest on Loan borrowed to Study Masters in Engineering abroad will qualify for deduction u/s 80 E in other words interest on education loan for studying abroad will qualify for deduction u/s 80 E?

Any circulars or notification by CBDT inthis regard may be referred.

Adinarayana
Email Id: t.adinrayana@yahoo.com

Respected,

my friend is a doctor and he working with some hospital,

he does not invest anly money in that hospital and he work there at partnership, when he attent anly patient the money they receive from that patient 70% is goes to my friend and 30% goes hospital, some time he got call from other hospital where he vist and receive money.

please suggest, is that income is taken as salary income or business income.

thanks in advance


Regards,

Naresh Kansal

Sir,

I am a student of PCC and my PCC examination is due on June, 2009. I have purchased the institute examination form and the supplementary for as well. In the supplementary form there is a section where principal's signature alongwith his/her membership no. is required to certify that the articled assistant has served the prescribed period of articleship. But my principal is not in India at present and will be back in middle of april. At this circumstances can any other partner in my firm sign the form on behalf of my principal.

At this circumstances your valuable suggestion will be very precious to me.

--
Sayan Banerjee

Articled Assistant
M/S Mookherjee Biswas & Pathak
(Chartered Accountants)

Dear All,

Ms.X has obtained Housing Loan for Construction of Property. The Property is neither let Out nor Self Occupiedt(the Construction is under progress). How should the Interest on Loan and the Principal Repayment be treated in her IT Returns. Can the Interest and the Principal be claimed as Deduction. If yes, what is the quantum of deduction.

help out !!!

in my examination form , do i need to take the signature of my principal only , or we can take signature of any CA. ???

whether the signature of another partner of my firm will do the job ???

is there no requirement of Eligibility certificate for june 09 exams as forms are already in the circulation. and last date of 20th March,09.

none of my friends got it yet?
wat to do now?

should one wait till 20th to submit form?
plz help.
regards
pratap

first i am student of pee-2 ( passed pee-1) & converted to pcc in augest 2008. when i enquired, they said i will get immediate attempt though i, may or may not complete 15 months of article training. now my problem is, in form - B of pcc examination application form, there is a para "declaration by candidate" in which i must ensure that i have completed 15 months of article training. plzz tell whether i must get there sighned by my auditor or not? And please tell me at what places in pcc examination application form should i must get signed by my auditor?

Dear sir,

Please tell me that, What is the form C and its use...


Thanks,
Vijay

Dear sir,

can u tell me the difference between form 16 & Form 16A.

what is the use of Form 16A..?


Thanks,
Vijay