Sir,
Our client has invested Rs.50000 in PPF a/c in his own name. Rs.50000 has been inveted by his son in his own PPF a/c.
Now, I would like to know whether he(father) ll get deduction u/s 80C for Rs.50000, 70000 or Rs. 100000 in respect of this transaction if he wants to claim PPF investment made by his son?

Ours is a limited company and we are having 3 subsydary companies. In the recent Income Tax asst. the assessing officer has disallowed the Interest on advances paid to the subsidaries because the reason there is no business association between the companies

In my view the aove companies are wholly owned subsydaries to the parent company and we are advanced the monies as interest free loans to them and presently all the companies are in prelimanary stage.

please advice if it is correct or not

SIR,

WHAT IS THE CURRENT YEAR TDS RATE FOR FINANCIALYEAR-2009-10 ASSESSMENT YEAR 2010-11
PLEASE TELL ME SIR

SIR,

WHAT IS THE CURRENT YEAR TDS RATE FOR FINANCIALYEAR-2009-10 ASSESSMENT YEAR 2010-11
PLEASE TELL ME SIR

If we purchase bed, bedsheets, pillow, towels etc for a service apartment worth Rs.40000/-. My query is whether we should treat this as revenue exp. or capital exp. and why? Under which head?

If we purchase bed, bedsheets, pillow, towels etc for a service apartment worth Rs.40000/-. My query is whether we should treat this as revenue exp. or capital exp. and why? Under which head?

RAW MATERIAL VALUED AT COST AND FINISHED AND WIP VALUED AT LOWER OF COST OR MARKET PRICE. CAN THE COMPANY DO SO.
PLEASE ANSWER

Sir,
Please give me a quick reply as i require to correct it as soon as possible.

Dear sir,
how much distance stands extended under the Indian territorial waters, 12 nautical miles or 200? (as applicable for the current A.Y.), for the purpose of Excise. with reference to case-'ABAN LOYD CHILES OFFSHORE Ltd.' 2008, Supreme court considred 200 nautical miles as under indian territorial waters.

Dear Professional Couligue,

My friend has taken termination on 6th april of this year he has not yet joined in another firm.
he is going to join in another firm in the next week.
is this transfer will be valid
other wise what he has to be done
please advice me