HELLO CA CLUB MEMBERS,
I HAD A SMALL DOUBT REGARDING PERSONAL LOAN.
1)CAN WE CLAIM INTEREST PAID ON PERSONAL LOAN
U/S 24(b).
2)IS REPAYMENT OF PRINCIPLE CAN BE CLAIMED U/S 80(C).

Dear Expert,

We are in real estate business.
Suppose Mr A had given Rs. 200000 agst booking of flat No. 5A to us.
After 2 month Mr A cancelled the booking and we return the entire amount i.e Rs 2 Lakh to him.

Now Mr. B booked the same flat No 5A by depositing RS. 2 Lakh.

My question is as we had earlier deposited the Service Tax on RS. 2 Lakh ie RS. 6180/- agst booking of flat by Mr A.

whether we have to pay the S.tax again for booking for same flat? If not how can we show in Return?

Thank You,
Regards,
Mantu Agarwal

Dear Sir

we have re-appointed whole time director in our company w.e.f 14.05.13, whose term expires on 13.05.13,

now we r filling form 32 for his re appointmenr, but mca system raised query that the director is already active in company.

so is this re appointmnet is considered as change in designation ?

Hi Fellowmates,
I am working with a limited Organization. we are registered with the service tax dept. we are not collecting service tax from our clients ,but we are paying service tax on the client bill amount from our own pocket.can we claim cenvat credit of input service tax paid .we have a long outstanding input tax , it relates to past previous years, can we adjust in the in the current year

Hi,

We have deducted TDS under section 194J but wrongly deposited amount with challan under section 194C in May'13. I want to know is it possible to show that amount under section 194J from 194C? and what is the procedure for that.

Thanks in Advance.

Assessee previously used Gala for his business purpose but in current FY he rented that GALA , assessee shown this as FA and charged depreciation on it..
My query is:
whether Income from rent earned on this Gala Can be shown as Rent income? and can assessee continue claiming depreciation ? OR he need to show as Income from House Property and not to claim Depreciation.

Thanks In Advance.

HI..
MY CLIENT WILL ISSUE INVOICE IN MARCH 2013 BUT WE WILL MAKE APPLICATION FOR REGISTRATION ON 15TH MAY.

WHAT I CAN DO KNOW WHETHER I WILL MAKE ONLY PAYMENT OF SERVICE TAX WITH INTEREST @ 1.5% PER MONTH

whether is it coumpulsory to register with the institute before 9 month of the final attempt?

and is it coumpulsory to pass both the group before 9 month of the final attempt?

thank you.

Dear Experts
If Foreign citizen director holding Person of India Origin card ( free entry & exit in India without visa) can receive the director remuneration from Indian domestic company ? Pl advice.

I found an error in Service Tax Returns after 3 months due to which I am unable to file revised returns. The error pertains to the 'Paid Service' Sheet in which I had omitted the details of service tax paid through CENVAT credit. However in the 'CENVAT' sheet I have filled details of Input Credit utilized for payment of Service Tax, EC and SHEC. How do I file revised returns. Kindly advise. Thanks in advance.