Facts: A(Husband)& B(wife) are two joint owners of property. Now A wishes to transfer B his share in property.

1. what is the most convenient option available & the resultant tax implications?

2. Also, is there a will required for transfer of property to B (considering A has only the above property as his asset)?

Facts: A & B, joint owners of property. Now A wishes to transfer B his share in property without any consideration.

What are the options available and the tax implications? and if suppose A wishes to transfer property to B after his death as the legal owner by a mention in his will?

Our company is engaged in manufacturing of Automotive Parts. The company have available Cenvat Credit on purchase of Capital Goods and Inputs for manufacture of goods.

The company have also the registration No. for Consulting Engg. Services under service tax act.

The company has provided a consulting engg. services and hv to make payment of Rs. 10 lac on account of service tax.

My question is whether this amount of service tax liabilty payable by us can be adjusted from Cenvat credit available by us on purchase of Capital Goods and Inputs.

I have a housing loan towards which I pay an interest of Rs. 2.4 lacs p.a the house is rented out @Rs.2000 per month. As this current house is far away from my place of work eventhough in the same city I have rented out a house for Rs. 9000 p.m., my company gives me an HRA of Rs. 8000 p.m.

Can I claim full deduction of Rs. 2.4 lacs minus Rs. 24000 rent receipts from my taxable Income.?

If i m selling goods, whose VAT rate in maharashtra is 12.5%, to a dealer in other state, say gujarat, and he will NOT provide me Form C, What rate should i charge in my Tax Invoice - 4%, 2%, or 12.5%?

Dear,

Let me know about the entry to be passed and the effect of the transaction as given:

One flat is purchased in the underconstruction builidng which will be completed in next 3 years but advance to be paid from the 1st year i.e. on the date of purchase so how can i show it in financial and the effect of it.

hello sir/ma'm
can i do ICFAI-CFA with my CA course. i m a CA-PCC n M.COM. student.
please solve my query.
thank you
ROHIT PANCHOLI
rohitpancholi85@gmail.com

Will appreaciate if any of the Experts can educate me on the Whether TDs needs to be deducted on Freight paid to Korean(flag) shipping Company for loading of cargo done in India.
If TDS is to be deducted then at what rate ?

Hi All

Can we net-off the foreign transaction ?

For example : Suppose we are liable to pay dividend to one of our group company X in Europe , and at the same time X compnay is liable to pay professional fees to our company in India

If the outcome of both the transaction is same say Euro 10,000. Could we pass the journal entry by debiting divend payable and crediting professional fees receivable a/c ?

Please help me.
Amit

I cleared ca final in nov 08 exams & my articleship is pending for 4 & 1/2 months. Recently i got a job from a pvt ltd. co but they r telling that they will enroll my name on their job roll as well as they will deduct pf, etc & payment will b done through cheque only.

My query is :
1) If i opt for secondment, then whether new employer can enroll my name as their employee.
2) My new employer can pay me salary & deduct Pf, etc. bcoz i will b getting stipend from old employer only.
3) Is their any other way as i want this job.

Plz reply ASAP.
Thanks