Presently i am liveing in 1 bhk with no any home loan of any financial institute.
in last dec 12, i purchase flat for 32 lakhs. Now i want to shift in newly purchased flat and rent out present one from 1 may 2013.
This year i will pay 268000 as a interest part,
so, i how i can get tax benifit for above amount.

as per new provision of income tax act wef 01/06/2013 1 % TDs will be deducted by the purchaser of property . In case of Joint ownership A holds50: and B holds 50 % share in the property now they want to sale of the same on Rs. 2.00 Crore.so 1 % of this will be Rs. 2.00 lakh will be deducted by the purchaser but how A and B Will claim in their personal return, whether the purchaser will issue two seperate TDS certificate of Rs. 1.00 lakh each or what

If tds on machinery rent is deducted at 10% instead of 2% can it claim for refund?

Then what is the procedure for it..

I had mistakenly deduct at 10%..

What is the time limit for stale cheque to be written off from the books, is it the cheque issuance date or the date when cheque becomes stale.

Also the relevant section which defines the same.

My client being a Pvt.Ltd.Co.engaged in manufacturing activities & also covered under Excise as well as Service Tax.The company paid service tax on freight inwards for inputs & also on Freight outwards for Export/Domestic Sales.The taxable value of services are 25% of total Freight inwards/Outwards & then ST %12.36% thereon paid.

Now query is as
i) whether such ST paid on Freight inwards are eligible as Cenvat credit so far Excise Return is concerned.
ii) whether such ST paid on Freight outwards are also eligible as Cenvat credit so far Excise Return is concerned.

iii) whether Service tax paid on Laboratory Testing Charges towards testing of Inputs as well as samples/Finished Goods are also claimed as cenvat credit so far Excise Return is concerned.

Regards.

CA SANJAY BAHETI

My mother and uncle was jointly deposited the amount in post office as a MIS scheme, Now a days postal department also deducting TDS after the amount of RS.10000/- of (monthly interest amount) then how can we take the TDS in whom name we have to take the TDS form 16A either my mothers name or my uncles name

Dear All,
Greetings!

Due to some reason, we could not deposit the TDS for the month of March 2013 on either 7th april or 30th April 2013. Please suggest what we are supposed to do now. We should pay the interest for 1 month if we pay it by 7th May 2013!!!!!!
Looking forward for your quicker suggestion.

Regards,
Vijay Mishra

Dear sir

By mistake we pay the Tds Double(=Rs.35000*2=70000) amount(in 2 challan)instend of Rs.35000 in Q4 Fy 2012-2013

what i do for get the refund of Rs. 35000 from income tax(tds)Department..

and plz tell me the procedure of getting the refund...

Dear Sir, We have taken a franchisee from BATCHPUN to run a play home. we have paid royalty to BATCHPUN. they have charged service tax on bill.
Please tell me whether I can refund this service tax paid. my business is below 10 lacs and I am not charging any service tax on fee received from parents.

please clarify

Dear sir,
I have a question about capital gain.Suppose Mr.A get some agricultural land from his father mr.B . mr.B also got those lands from his father.I mean these lands are all family asset.Now Mr.B is no more.Mr.A sell those land,now how to calculate capital gain from this type of selling,where no purchase value is avaiable.These lands are far away from urban area(mean more than 8 k.m).