If a person is having loans & advances and earning interest thereon, then what would be the treatment of interest earned thereon?
can we show it in income side of p&l a/c?
And what would be the effect on loans & advances on assets side?
Is the interest earned be added to the same?
What if some part of loans & advances is received?
How will this effect interest and loans & advances?

As per the rules if service tax is not collected separately, the gross amount has to be adopted to quantify the tax liability. If we calculated the service tax as per the above provision and payment has been made beyond the due date, what will be the interest rate for late payment? please reply

IF ANY BOOK OR EDUCATIONAL KIT IS GIVEN BY COACHING CLASSES WILL SUCH PORTION ( AMT FOR BOOKS /EDUCATIONAL KIT)OF THE FEES WILL BE COVERED UNDER VAT OR ST?
AND
IF SUCH KIT IS OPTIONAL FOR STUDENTS IS ST OR VAT APPLICABLE?

anyone have accounting software in which we can do data entry directly from bill image ?

Can I do data entry in tally directly from bill image/pdf copy

1.)can assessee get exemption both u/s 54 and 54EC simultaneously for 1 capital gain? 2.)u/s 54 can assesse purchase property jointly with relative?

Dear Experts,
One of our employee who is not in TDS coverage is demanding the form 16 as salary proof/certificate. Plz tell me weather form 16 can be issue to him if so? Manually or electronically

Pls reply soonest...

Thanks
Vijay shanker

If a farm house is taken on rent for marriage function whether service tax would be levied by them? and what are the tds implications on the same. Please reply on urgent basis.
What will be the scenario if decorative items are also supplied......

Dear Experts,
I had purchased the flat by taking housing loan from bank. But i have given my flat on rent Rs. 20000 PM. So my query is....1) can i avail the 30% deduction of income from house & property u/s 24A...2) can i avail the deduction of intrest paid on housing loan upto 2 Lacs u/s 24B......3) can i avail the deduction of payment relate to principle amount upto 1.5 Lacs u/s 80C,

Also clarify any criteria relate to housing loan to avail these deductions?

Regds
Anmol

Respected Sir, This is my 5th attempts in Cpt. Till now I have tried many ways to bit the examination. However I could not. This is my humble request to all of you please guild me regarding this so that I will do bit the same. Your reply is really appreciated for me.