Can anybody tell me,whether bank charges of saving bank a/c are deductible as exp. or not?
if the property is registered in the name of husband and a joint loan taken by husband and wife for construction of such house property and both are salaried employee. Total inerest for the year is rs 350000. now they both want to take deduction @150000 each. is it possible?
please help me.
is interest income from post office saving a/c is exemt or not?
hello
i want to a E-payment of TDS of 4Q of A.Y.2009-10 but by mistakenly i have made in A.Y.2010-2011
is there any correction procedure
pls send me on viroja_gunjan@yahoo.co.in
i m zenab ca final student.I wnat to go for practise .please guide me that how I work out and what r preliminary requirements before going in this field
Under section 40 A (3), as it has been given that there is a 100% disallowance of "expenditure" if payment exceeding Rs. 20000 is made by any mode other than a/c payee cheque or a/c payee draft, does "expenditure" cover revenue expenditure only or capital expenditure is also covered within its meaning?
Also, i have heard that depreciation on assets acquired by making payment exceeding Rs.20000 by any mode other than those aforementioned will be disallowed. is it true? kindly explain.
Dear Sir,
In bank sanction letter, I found mention about EPC-90 Days , FBP-90 Days and FBN Facilities.
I want to know the detail about these terms and general procedure to use it in business.
1. is it allowed in income tax to give interest free loan to non-relatives ??(which section to refer),
2. whether interest free loan can be considered as sum received with out consideration for section 56(2)(vi) where both the parties have shown the transaction in balance sheet and thus section 68 is not applicable??
thank you
Dear Friend,
I forgot user Id & Password, can any one know how to crak this.
I would b thankful if u revert with solution.
Thanks
CA RADHESHAM BHUTADA
98 22 890 980
CAclubindia
bank charges of saving bank A/c