Interest to partner allowable is 12% per annum simple interest. And if paid more than 12% then it is disallowed to the firm.

But the question is on which 12% calculated?
Whether it is on Openning Capital or Average Capital or Closing Capital?

I have submit the INC-7,12 and 22 and received from MCA following mail please suggest possible action. I have already write the address of Register office of Company.
""This is to inform you that in term of Rule 10 of the Companies (Registration Offices and Fees) Rules, 2014, the above-cited Form INC-7,Form INC-22,Form DIR-12 dated 03-07-2014 filed vide SRN .......... has been examined and marked as Invalid and Not been taken on record with the following remarks-
as already requested to give complete address of registered office in INC 22 but still complete address. hence documents treated invalid and not been taken on record.

This is a MCA21 system generated mail for your information and necessary action. Please do not reply to this mail.
Important Note -
Please track the status of your transaction at all times till it is finally disposed off by the Registrar. (Please refer rule 10 of the Companies (Registration Offices and Fees) Rules, 2014)
As per Regulation 2(5) of Regulation 17 of the Companies Regulation, 1956; such document maybe rectified only through fresh filing with payment of fee and additional fee, as applicable, without prejudice to any other liability under the Act.

##E"

Respected CCI members,
A software company is paying Silver competency enrollment fees to microsoft india, wherein VAT , Service tax is charged!
My query is whether TDS is applicable or not, and if yes , then what section??
and can we claim input service tax

There is a AMC for maintenance of CVPS machine(i.e. note counting machine)
of Rs 1534499.06 p a excluding service tax
between Party A and Party B

Party A raise bill for six month as
amc chagre 767249.53
service tax 66382.47
total 833632/-

my question is
1) On which amount party B deduct tds excluding st or including st and
on which section 194j or 194c
2) Whether there is service tax liability on party B under RCM OF Service tax act?

SIR,
IF SOME ONE HAVE YEARLY INCOME RS. 500000.00
HE HAS DEPOSITED RS. 100000.00( IN U/S 80C TO 80 CCD). RS. 20000.00 IN UNDER 80D.
RS. 50000 FOR HIGHER STUDY FOR HIS SON(80 EE)
FURTHER HE HAS DEPOSITED RS 130000 IN U/S 80 G ( PRIM MINISTER RELIEF FUND)

WHAT IS THE TAXABLE AMOUNT.

MY FURTHER QUERY IS WHAT IS THE LIMIT OF EXAMTION OF 80G ( IF SOME ONE DEPOSITED RS. 500000.00 THE NO AMONUT TO PAY AS TAX AS PER ABOVE)

Dear all,




plz let me know whether VAT paid on sales can claim as a expenditure for payment of Income Tax .

If the house property on which loan was taken is sold during the previous year,can deduction u/s 24b and Sec 80C be claimed while computing Income from House proprty?

Party A is a govt organisation. Party B(private party) has done painting and repairing work for party A. Party B raises bii as
Material 2100
Total bill 4490
Now Party A made payment to Party B after deducting TDS and Vat
VAT 4% 180/-
TDS 1% 45/-
Party B 4265/-(4490-180-45)
My question is
1) Is it the right way of deducting vat? Whether party A is liable to deduct vat,If party B is not registered under VAT (turnover<5 lakhs)? Party A said he is deducting vat on behalf of Party B and deposit vat in govt a/c
2) Whether Tds is to be deducted and on what amount?

sir/madam,
i have filled itr1 for ay 14-15 in which i fill HRA EXEMPTION in income from house property as a negative (-) income of rs 14420.


what is the correct adjustment of hra in itr1 excel utility???


now what should i do???????
please Help!!!!!!

A person who is resident in India in the previous year(2013-14) as he left India on 15th October, 2013 for UK for employment purposes. The UK government has also deducted tax on the salary earned in UK.

Now in India whether he will be charged tax on whole income (India + UK)or only on Indian Income? If he will be charged on whole income, then how the DTAA will be treat the income?