i have a property which has been given on rent of Rs. 125000/- per Month to a Pvt. ltd. Co. which used this property for the Hotel Business.

Accordingly my query is that whether such property is covered under residential property as prescribed under the provisions of service tax?
if Yes, can i also liable to Collect & Deposit the Service Tax on Rent on immovable property.

If a Pvt. Ltd. Co. take over a partnership firm with all assets and liabilities along with the unsecured loans, then what will be the status of such unsecured creditors, because a Pvt. Ltd. Co. can take unsecured loans only from its members while after taking over the business of partnership firm, such unsecured loan become the liabilities of the Company.
then what has to be done in that situation?

I am living in rented house & paying rent say 4000 pm. Also I am doing business in rented office differently & pay rent of Rs. 6000/- pm.

can i take income tax benefit on rent paying for home, just like office rent in business, if yes how ? pls suggest

Thanks in advance

deepak kokal

Hi,
If any business man has made cash payment more than Rs. 20000/-, but not for revenue producing activities...what would happen whether the amount will be disallowed???

Hi experts,

if i purchase 10 tables each worth Rs.4000/-, should i write it of in the same year as below 5000 or as a block of assets should the depreciation be charged on used period.

An investment was made in Senior Citizen Unit Plan on 1st april 1997 and then on 31 march 2005. Now that Policy has been reedemed and the total amount has been returned via cheque so is this refunded amount taxable

Sir
Could you please send me that under which section TDS should deduct for event managemant.

Sir
Could you please send me that under which section TDS should deduct for event managemant.

is that event management is considar in section 194C or 194J

Sir,

Could you pls guide me what is profit & loss appropriation account and what is the purpose of it.

pls expalin in detail.