An employee X has taken a loan on house and paid interest and principal Rs.3.50 Lacs during the year.

He has let out the house and received rental income of Rs.1.80 during the year.

He has take another house within the city at a very high rent of Rs.20-25,000/- per month and claims HRA benefit.

He claims both HRA and also -ve income on the house property.

What is the exemption we can allow?

Pl clarify

Whether Service TAx is applicable on Cold Storage Rent on storing the vegitables i.e. patatos etc.

Whether sale bill to be raised immediately in the case of sale in transit against C form and E1 form declaration.

Whether raising sale bill is a pre condition to treat the sale as E1 sale.

hi all of u
can any one tell me that what is the limit of loan & advances in cash.
I want to give loan any one by cash.
please tell me the limit
thanks
mukesh kumar

hi all of u
can any one tell me that what is the limit of loan & advances in cash.
I want to give loan any one by cash.
please tell me the limit
thanks
mukesh kumar

M/s A&co, a manufacturer of PET bottles in plastic without caps wants to trade caps along with pet bottles .for which it purchased plastic caps from another supplier.

Is M/s A&co. is liable to pay exercise duty on caps & Bottles while selling the caps with pet bottles through a single invoice or differant invoices?

Dear All,

What could be the Impacts of cash sale (any amount)?
Shaould I take any defence against customer?
Please suggest and oblige.

WE ARE SENDING THE STOCKS TO C&F THROUGH ROAD TRANSPORTERS AND from the C & F Points the goods will go to Distributors

Shall we Deduct TDS on Freight Amount u/s 194c if thre freight amount is more than 20,000/- or aggregates exceed 50,000/-

Pls. Advice

If a company sells a Motor Vehicle to its employee in cash or kind, whether Karnataka VAT will be applicable. The Company is not in the business of Trading in Motor Vehicles.

Dear members
I want to what is the limit of claiming interest on loan paid on loan taken for construction of home u/s 24(b)??
also tell me suppose husband and wife take home loan 50%-50% on their own name and pay interest on loan rs.250000/- and limit for claiming repayment of inetest on loan 150000/-then in this case both husband and wife can take 125000-125000 claim for this repayment or out of 250000/-, 150000/-will be taken as 75000-75000 each??