Hello everyone,

one of my client has sold a house property in fy 11-12. He has paid interest Rs.190000/- in the fy 11-12.

My question :

Can we claim deduction under section 24b in the fy 11-12 ?

thanks in advance
waiting for the views of the experts.

one of my client is engaged in supply of manpower service and it is agreed between client and service receivor that salary of manpower employed is to be paid by service receivor itself but in month of feb-2013 the salary is paid by client(service provider) and subsequently to be reimbursed by service receivor in month of july-2013

now my question is
- is the agreement valid(since ST is not charged on salary paid)
- is there any service tax liability arise in hands of service provider towards payment of feb-2013 salary to be reimbursed
- if not then can he raise such salary amount in bill not charging service tax

please reply

Can i take rebate of two yearly premiums of single LIC policy paid in FY 2012-13 ? In simpler terms if i pay one regular yearly premium for FY 2012-13 and then another premium for the FY 2013-14 in advance in the same year (ie FY 2012-13) can I take rebate of the two premiums in Asst. Year 2013-14 ?

Does TDS deduction is compulsory for a newly form private limited company on salary paid to its both directors?

sir, i am doing my degree through distance education. i am not understanding how to fill
form 112.is the signature of degree college principle necessary?

One of my US based friend (not NRI or PIO, but proper American citizen) is willing to lend me some money for my business. I can repay him back as and when I can.

I want to know would be the taxability aspects in this.

Would be grateful if someone can guide me on this.

Thanks..

what is due date for payment of service tax for the month of march

This doubt is in reference with Amalgamation and Treatment of Reserves, specifically while calculating purchase consideration pooling of interest method.

Issue:

When two companies amalgamate and we follow 'Pooling Interest Method', the difference between the amt recorded as share capital issued (by transferee)and share capital of transferor company is adjusted against the reserves available.

Doubt:

> What if the reserves are too less to adjust the difference amount?
> In which account head we should show 'Negative Reserve' (since we can't create 'Goodwill' under pooling of interest method)

Thanks.
-Shagun Borgaonkar

Which form should be used for estimated business income. and what should. be its nature of business code

I have completed 8 months of articleship and due to unavoidable circumstances i have taken a leave of 3 months.
Due to non-coverage of all arenas of work and limited work scope, I want to apply for transfer of articleship.
If my principal intimates the institute about my leave,can my leave become a reason for not getting the transfer?
Will the institute restrict me from taking transfer?