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??

1)Whether there is the taxability of the amount gifted in any occasion of family member?

We regularly send goods through a lorry
trasnportor and pay freight Rs80000/-, we have not any type of contract, Whether we shall deduct TDS?

I would like to submit the copy of judgment in cae of CIT V. Rajiv Udyog 227 ITR 209 (MP) for penalty proceedings. Please mail me, if you have the judgment copy at the earliest.

with regards,

CA.Ganesh K.Shetty

We regularly send goods through a lorry
trasnportor and pay freight Rs80000/-, we have not any type of contract, Whether we shall deduct TDS?

Please answer it urgently!!!

Case facts : i have original housing loan from ICICI bank. I have transfer my loan in sept 08 from ICICI to SBI & paid outstanding principal of Rs. 16L & shifted my loan. From Oct to Mar i have paid Rs. 80K on account of principal 65K & 15K on account of principal repayment to SBI.

My Question : How much i can claim in sec 80C?

Whether it 16L+15K = 16.15L or its only 15K.

In case of 15K then please give me the details of rule or section note or any other case law for that.