Hi Experts,

One assessee have borrowed housing loan in joint name of his wife from LIC .

But house is in the name of the assessee. Also he is paying the loan from his account.

Now, can the assessee claim the entire interest and principal in his Income Tax Return?

Do we have any case law for this?

Kindly guide me.

Dear sir / Madam,

As per Act it is said that every manufacturer of producer have to pay excise duty on goods produce by them. but my Question is that what is excise. and Why and logic behind Calculation of excise.

Thanking You,

Ankur

TDS Procecution compounding fees should be paid in which section and in which head.

suppose we deduct TDS for contract, for the same paid under 94C and Chalan No/ ITNS 281.

A assessee earned income through RENT. he rented his properties for commercial activity. I Want to Know that such assessee have to register in SERVICE TAX and opt certificate, and what is exemption limit of such Receipts if he not want to register himself in SERVICE TAX.
He getting rent from 5 companies, assessee in INDIVIDUAL Capacity.

sir,a man who is a govt.employee & his salary is less than 500000 .is he mandatory to fill income tax return for assessement year 2013-14

My clients are forming a partnership firm for construction of residential complexes. They are supervising the work of construction by themselves without engaging any contractor.

Query : Please let me know whether any service tax liabilty arises as such.

Thanks & Regards.

My Bank has deducted Tax on Interest on Interest on FDR @ 20% as I had not quoted the PAN. Now how can I avail the credit of such TDS?
Pratical problem is that it is not appearing in 26AS(as pan was not quoted) and CPC will not process such TDS which is not appearing in 26AS.

Please suggest.
Thanks in Advance
Ramesh

Incase if the service Provider is a lawyer and the received is a company, then the liability to pay 100% service tax is of the company.

Due to this the lawyer may not put service tax in his bill. What should the company do. The Lawyer's Turnover may be less than Rs 10L than what is to be done.

Incase if the lawyer do not have service tax number also, than should the company pay 100% Service tax

Dear Experts,

Is it mandatory to submit ITR-7 electronically alongwith Audit Report or ITR-7 can be filled manually or Audit Report can be submitted manually or electronically?

Thanks in advance

Sir,

If on a govt hospital construction site main contractor who is a limited company depute the security guard with the help of security agency and the security agency is not registered with the service tax dept. than how will service tax applicable on main contractor (company) and security agency.