T.V.Vaikundan
14 September 2007 at 18:35

Houising loan Interest

Facts
1. The property is in the name of Mr.X
2.The property is leased to Mr. X's company and Mr.X stays there under Lease agreement with Mrs.X
3. The Rental is paid in the name of Mrs X with Form 16A TDS deduction.
4. House property Income is assessed in the name of Mrs.X with deduction being taken for Interest on Housing loan sanctioned in Both Mr.X and Mrs.X's name.

Can the Interest on Housing loan paid be claimed by Mrs.X.


Ramnarayan
14 September 2007 at 18:31

Customs Act, Foreign Trade Policy & FEMA

A Machine will be placed at customer's site at abroad to complete the specified contract. The Machine will be returned to India on completion of contract. The customer will place a deposit of 50,000 Euro with us.

QUERY:
What are the applicable provisions, procedures & documentation under Customs Act, Foreign Trade Policy, FEMA or any other laws ?


T.V.Vaikundan
14 September 2007 at 18:31

Houising loan Interest

Facts
1. The property is in the name of Mr.X
2.The property is leased to Mr. X's company and Mr.X stays there under Lease agreement with Mrs.X
3. The Rental is paid in the name of Mrs X with Form 16A TDS deduction.
4. House property Income is assessed in the name of Mrs.X with deduction being taken for Interest on Housing loan sanctioned in Both Mr.X and Mrs.X's name.

Can the Interest on Housing loan paid be claimed by Mrs.X.


Abhijit Pimple
14 September 2007 at 17:20

Availment of Credit

Sir/Madam,

We found that, During the previous period Service Tax element was wrongly debited to Expenditure account. Thus the Expenditure was wronly booked.
Now can we rectify the Expenditure by Crediting the amount to Exps account and Debiting to the Service Tax Receivable account?
Can we take Input Service Tax Credit for this amount in current year?

Please suggest taking into account all the implecations ie in regards to Income Tax and the Service Tax Angles.

Please let me know the provisions in this regards.

Regards,

Abhijit Pimple


durga prasad
14 September 2007 at 16:58

MIS REPORTS

WHAT TYPE OF MIS REPORTS GENRATED IN A MANUFACTUREING UNIT.WHERE I GET THE FORMATS


S.RAVICHANDRAN

Now what is the ceiling for not deducting Provident Fund and ESI for an employee.( To the best of knowledge it had been Rs.7500)


Sanjeev Kumar
14 September 2007 at 16:25

Section 139A & 272B

Is non quoting of PAN No. in Quarterly return will attract apenalty of 10,000/- only or 10000/- per case of non quoting of PAN of deductee.


rashmi
14 September 2007 at 16:15

adope acrobat files

i would like to know how to convert a PDF file into word file. Can anybody please help me out???


Anand Solanki
14 September 2007 at 15:57

Service Tax on reimbursement of expenses

Hello,

Whether service tax is applicable on debit note raised on group companies for expenses incurred on there behalf like travelling, staff welfare, mobile expenese. We are not providing any taxable service to these companies.


TARUN SHARMA
14 September 2007 at 14:21

Requirement of professional ethics

professional ethics has been amended before some time. But our study material is not update and I do not have amended professional ethics. Please provide me ammended professional ethics.