Hi,

One of my client is Govt Employee working in Mangalore, he stayed at a Rented House alone. But his Own house is at Bangalore where parents and Family resides.

Here my question is whether he is eligible to claim both HRA for Rented House at Mangalore and Interest on Housing Loan at Bangalore.

I COLLECT SERVICE TAX ON RENTAL INCOME OF RS25000, I PAY SERVICE TAX ON TELEPHONE BILL OF RS5000,WHICH IS USED FOR BUSINESS PURPOSES. MY QUESTION IS CAN I GET THE CLAIM OF RS5000, AND DEPOSIT RS 20000 ONLY TO THE GOVT.,IF NOT HOW MUCH DEPOSIT SHOULD MADE

We r a propreitorship firm it seem to us that our tax lability will across the limit of Rs. 5000 /- then how we have to paid our Tax.I am not confirm pretty much about the three installment which we have to paid . So Please throw some light on it.

rule or circular saying the above?

please explain in detail about Form 'F'

and what is the tax liability

which documents to produce for getting Form 'C'

thanking you
Balu

We are drug mfrs in ap. we are having R & D in factory. we want to claim R & D expenses u/s 35ab. pl. help to claim the deduction the whole procedure.

Dear sir

We have a propritor concern.We are depositing TDS regularly and mentioning our old office address on challan as we are now shifted to other place in the same city.wheter we have to put our new office address on challan or not as we have no working in our old office..if yes then we have to inform taxation authority regarding address or not??
The category of deductor is individual..

Dear Sir/Madam,

Whether FOB Value for the purpose of calculating DEPB Value includes packing cost of materials shown seperately in the invoice

pls. reply it immediately.... prakarthi@gmail.com

prasanth v nair

A Land of 5000 Sq ft is given a Developer & Builder in 2004-05 for Development and the consideration for the said land was a Flat of 1000Sq ft and a Shop of 300 Sq ft in the same Premises of Land under development.
Value of Both is Considered in the Agreement Flat 1000 Sq Ft 1250 1250000,Shop 300 Sq Ft@4000 1200000/-
Total Consideration 2450000/-

Possession of both Flat & Shop is received in 2007-08
Question
1) Whether Transaction is Subject to Capital gain or Business Income?
2) If Capital Gain in which year the Income is Chargeable to Tax whether 2004-05 or 2007-08?
3) Sale Consideration As per Agreement in year 2004-05 is Rs. 24.5Lakh but the value for the same in 2007-08 is 29.Lakh Which Sale Value to be considered?

Hi friends,

I am appearing for CA Final May 2009 exams, can anyone help me out with Recent Amendments & case laws applicable for May 2009 exams?

Regards,
Amit