Hi,

Till now i am working, entry tax only for capital goods received with in local area. Recently one issue came up..even spares purchased for repairing the machinery also need to pay entry tax..whether this is right?

If any case law relating to this available..can provide the details.

Krishna.

Q1)Interest paid on borrowed capital for purchasing/constructing a house is deductible u/s 24(b)(ii), but I want to ask that is it also allowed as deduction under Chapter VI-A, u/s 80C at the same time?

Q2)The wordings in 80C is that "ANY PAYMENT towards the cost of Pur/Construction..." so does that mean that even payment towards principle amount is deductible u/s 80C?

or

Q3) Is it that Interest is deductible u/s 24(b)(ii) and the Principle amount is allowed as deduction u/s 80C?

Please answer this doubt??

Dear Expert, my friend is a assessee & filled a Income Tax return in HUF.Tax was calculated by the dept. Then Tax also paid, again Dept. send the notice for interest u/s. 220, but he is not paid.Then Dept send the notice to the bank that attach all the accounts & FDRs of assessee & relatives of the assessee. Can Dept. attached the accounts & FDRs of relatives of the assessee, who filled return in HUF?

What is the procedure to transfer shares from a non resident to a resident indian?
What are its implications on the following:
1. Companies Act, 1956
2. IncomeTax Act
3. FEMA
4. Stamp Act.

Hey guys I want some urgent help for

Q1) My friend has filed a return on 10th Oct 08, for A.Y. 08-09. Can he revise his return even though he has not filed the return within due date?

Q2) I know that a person can file a revised return only if his Assessment is not completed but man how can I come to know whether the assessment is over or not?

Q3) While revising the return can we change the residence address in it if the assessee has shifted his place of residence meanwhile?

i have cleared my cpt in jun 08 and going to appear in pcc in may 10 and ca final in may 12.. if i convert thn my ipcc exam wil be in nov 09 and ca final in nov 11..(after 2 1/2 years) rite??? nw my question is that if i convert from pcc to ipcc and instead of appearing in ipcc exsam in nov 2009, i appear in may 2010 thn whethr it affects the date of my final exam????

dear sir,

my pcc attempt is in may09 i want to go for both the group my examination leave will start from 15feb. can u suggest me how i should manage it for my both the groups.at present my preparation is not very good due to office i can hardly devote 4 to 5hours for my study.should i try for only one group.

hi
i want to know than can i get information about the return filed for previous years through income tax departments web site, if yes so how. pls resolve my qwery.

Suggest me a book for Audit in CA Final

Sir/Madam

Just I want to know, CPT has been cleared and once training of articleship has been discontined and form no. 109 has not been given by the employer due to personal reason, pl. late me 1. whether fresh trainning can be commenced with other employer or 2. can Join for IPCC