sir
i m very much confused about the teachers of mafa i.e who is the best among makkar,aditya jain,kalra,jb gupta,rajeev singh.
pl suggest

My friend is a salaried employee. He stays in parents house and pay them rent for which he claims HRA deduction. He resides in Delhi but his office is in noida. He wants to buy a House in Noida BY TAKING LOAN. But he will not move in there immediately.For the time being he wants to stay with parents and rent the house that he will purchase. So that he can claim full interest payable on loan.

CAN HE CLAIM FULL INTEREST AND ALSO HRA?


Answer: He Cannot Claim HRA.

My friend is a salaried employee. He stays in parents house and pay them rent for which he claims HRA deduction. He resides in Delhi but his office is in noida. He wants to buy a House in Noida BY TAKING LOAN. But he will not move in there immediately.For the time being he wants to stay with parents and rent the house that he will purchase. So that he can claim full interest payable on loan.

CAN HE CLAIM FULL INTEREST AND ALSO HRA?

What are the remedies left before an asseesee when he is denied a genuine refund even after appealing u/s 154
kindly reply soon becoz its urgent

Dear experts please tell me in detail whats is CAr policy.
why we use car policy in business.

My Client Deposited CASH Rs. 50,000, Rs. 80,000 and Rs. 1,00,000 on different dates into his creditors bank account using the core banking facility. Is this amount of payment to the creditors is entitled for disallowance under section 40A(3).

Father of one of my client(working in MNC) is having a land in his name on which they have decided to construct house, now for the purpose of availing tax benefits by my client following modus operandi is proposed to be adopted –
1. Land, owned by client’s father, will be given on lease for 50 years to my client on payment of Rs.1000 p.m. as lease rent under a unregistered lease agreement.
2. Client will take loan for construction of house on this land from some bankers, in bank loan client will be co-applicant and part of construction cost will be borrowed from individuals on interest.
3. In order to pay installment of bank loan (principle), client will again take loan from individual on interest basis.

Query - Whether payment of installment to bankers, interest to lenders as per point no. 2 and point no. 3 will be eligible for deduction under Income tax act, if yes, pl. provide supported case law etc.

If a Professional like Our Chartered Accountant raise the bills with add service tax,while making the payment whether we should deduct TDS on whole bill amount i.e. including service tax or after less service tax.
pl reply this query is urgent.

with thanks

Hello!

We're renting/hiring our equipments/items, which are movable. Is there any service tax on it. If there please provide the service,
notification/orders & etc.

Please reply.

Dear all,

Pls explain,

we r in Manufacturing Business, and we r purchasing goods from local parties as well as Out station (Inter state purchases)

we r goods purchased from local party but he supplied goods with his party who is from out station(Interstate transaction)
means he was purchased goods from that party and directly delivered(from interstate party) to our company. Invoice also raised on that party name and through that party they supplied. We have proof for goods supplied from out of state and party raised invoice against form-c (tax rate also cst-2%)Now he is asking form-C and telling i given form-E1 to that party, so pls issued form-c on my name.

Whether we can issue form-c or not? pls explain?