Hi,

I stay with my parents, in a building built under reconstruction plan of MHADA (Maharashtra Housing and Development Association).Can i show as i have paid rent to my father and claim exemption u/s 10 of incometax act.I have HRA content in my salary.

Hi all! i had earlier raised a query regarding exemption from giving cpt for a student who is already member of icsi.

I had been answered that i can directly register for inter i.e ipcc, but on verifying with the institute branch in my city they have informed me that cpt is compulsory. kindly guide me on the same. REgards
Nidhi

Sir
I approach to UBI for an education Loan of our CA course .But as our study course is different and a distance one, the bank manager has asked me to produced the total estimated cost which may incurred( approx)
certified by the authority of the ICAI to be incurred in completing the Course.
therefore where should I apply for to obtain this required Certificate which is a must for the loan. Shall I easily get it.
Thanking You.

I am a student of PCC. Can any one tell me when i will get my first attempt for final exam. Will i get during last 6 months of articleship or after completion of my articleship.
Please tell me i am confused. I didn't find it any where on institute site.

CWA or CA,which is better.pls suggest. I am in big Dillema.

I have got a result of CPT Dec. 2008 exam result. I have expected the marks near by 115 to 120 out of 200. But I have got just 95 marks. Can I go for a revaluation? will there be a possitive. I was confident. what is the procedure for revaluation. Please guide me. I am very depressed.

with regards,
Ashok Hegde

What treatment of profit or loss on effect of change in foreign exchange rate (AS 11) i.e. whether income tax Act allowed loss or gain on foreign exchange rate which is debited/credited in profit & loss account. If allowed under which sec. if not allowed what will treatment pls. help me in this regard immedetaly....

Hi... Friends...Does any body here will help me out???

I m Studing C.A Final I Just want to know is there any Certified course relating to Merger & acquisition or International Business which i can do along with C.A Final...

If u have Any Details plz Giv me the course details Along with its link....

The local authroties are denying Input Credit to registered dealer(Trader) on purchases made from local manufacuring units(Registered Dealers)and sold in the course of Inter State Trade or Commerce against Form "C" by referring to section 21(4)(c)read with first proviso of Jammu & Kashmir VAT, 2005. For the sake of clarity the relevant section and proviso are reproduced hereunder:
21.Input tax credit.- (1). Subject to the provisions of the Act, for the
purpose of calculating the net tax payable by a registered dealer for any tax
period after being registered, an input tax credit as determined under this section
shall be allowed to such registered dealer for the tax paid or payable in respect
of all taxable sales other than the sales as may be prescribed, or purchases under
section 14 during that period.
(2) The input tax credit to which the registered dealer is entitled to shall
be the amount of tax paid by the registered dealer to the seller, on his turnover of
purchases made during the tax period, intended to be used for the purposes and
subject to the conditions as specified in sub- section (3), sub- section (4) and
sub-section (5) and calculated in such manner as may be prescribed.
(3) Subject to such conditions and restrictions as may be prescribed,
partial input tax credit may be allowed in such cases as may be notified by the
Government.
(4) Input Tax credit shall be allowed for purchase of goods made within
the State from a registered dealer holding a valid certificate of registration and
which are intended for the purpose of -
18
(a) sale or resale by him in the State ;
(b) use as raw material or as capital goods in the manufacturing
and processing of goods other than those exempt from tax under
the Act intended for sale in the State ;
(c) sale in the course of inter-state trade and commerce;
( d) sale in the course of export out of the territory of India; or
(e) for use as containers for packing of goods other than those
exempt from tax under the Act for sale or resale in the State:
Provided that in respect of transactions falling under clause (c) input tax
credit may be allowed on the tax paid in excess of 4% on the raw materials
used directly in the manufacture of the finished products:

Kindly advice

sir
i would like to the diffence in SEC 314(1) AND SEC 314(1B)OF DIRECTORS