Can a builder capitalise the interest cost of term loan availed for the purpose of building flats (for sale) as per AS 16. Since flats are the current assets of the builder can they be classified as qualifying asset ?

Ankur Bansal

Vat is being charged at the rates of 12.5%, 4% & and even 1% sometimes

is there any classification regarding those rates applicable for a specific type of goods
like so and so goods have to be charged at the rate of 12.5% or 4 or 1

plz help me with this

thank you

Dear to All,

Pls. tell what are the Employee Salary General deductions . And how to be deduct TDS . How to be Calculate.

Wheather its compulsory to file Form 24Q. And what is the due date to file

Thanks in Advance

Reply my email id:fkasif@gmail.com

we are mfg.unit and have to pay service tax on Goods Transport by Road under Service Receipent catagory.

we pay service tax on all payments of transport bills (Freight Outwards & Inwards)above Rs.1,500/-.

can we take the credit of service tax paid?

can we take cenvat credit on all service tax paid on

-Telephone Bills,
-Professional Fees
-Clearing & Fowarding Chg.

regards
Vijay Gohil.

pls help me in explaining tds and advance tax calculation for salaried employees..

Are we liable to deduct any TDS u/s 195 on payment to foreign consultancy PLLC for providing legal consultancy regarding registration of trade marks, patents etc. The PLLC does not have any permanent establishment nor does it provide any service in india.

Depreciation rates for Transportation Vehicle (Lorry) for the assessment year of 2004-05,2005-06,2006-07,2007-08

If the income of person after deducting deduction under chapter VIA is below maximum taxable limit or Tax after deducting advance tax or TDS is nil or refundable. Then my question is
Is that a person liable for penalty u/s 271F for late filling return of income?

I paid Rs. 100/- extra towards late payment of LIC premium. Will this amount is also deductible u/s 80C?

Also my LIC premium is paid by Mr. 'X' before march,09 and i paid to 'X' in April. Can i claim deduction u/s 80C in 2008-2009?

Amount of Rs. 1,00,000/- paid to Wife of Deceased Employee. How can we account the same to avoid the FBT applicability on the same.

Regards
CA SAMIR