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aman kumar   11 December 2009 at 16:18

income tax

if a person take home loan + car loan both at same financial year what is total rebet of income tax or single rebet is permitted ??

aman kumar   10 December 2009 at 14:21

TAX REBET

IF A PERSON PAY INSTTALMENT OF HOUSING PROPERTY , THAT IS NAME OF HIS WIFE (TAKE BEFORE MARRIGE )@ WIFE HAS NO INCOME , CAN HUSBAND CLAIM REBET OF INCOME TAX ??

Shikha Bharalawala   10 December 2009 at 14:03

SECTION 50C, aMMD VIDE FINANCE ACT 2009

EXPLANATION REQUIRED

Anonymous   09 December 2009 at 17:59

Enrolment with Bar Council ?

If a person has qulified LL.B. and now working with some private company. when can she get the enrolment with Bar council.
If somebody is a member of Bar coucil and later gets the job what she should do ? Whether she can be member of Bar council simultenously with her job with private company.

Anonymous   09 December 2009 at 17:16

Registration with Bar Council ??

Hi,
Whether one can get registration with Bar Council of Delhi if he is employed with a company ?

If yes procedure pls ?
Thanks

RAKESH MEHRA   09 December 2009 at 15:34

HOURNAL ENTER RENT PAID TO P.S.I.E.C

SIR,

WE(RINKU) HAVE RECEVIED THE BUSINESS FROM ATM BY TRANSFERING LEASE DEED.

AND THEN WE(RINKU) HAVE ISSUED DD TO P.S.I.E.C OF RS.150000.00 AND 947000.00

WHAT IS THE ACCOUNTING ENTRY OF ABOVE PAYMENT.

I THINK 947000.00 RENT PAID BEHALF OF ATM
AND 150000.00 IS SECURITY.

PLZ REPLY...........SIR

RAKESH MEHRA   09 December 2009 at 15:30

ABOUT STARTING OF TWO FIRM AT ONE ADDRESS

IF WE HAVE LEASE DEED FROM P.SI.E.C, CHANDIGARH. THEN WE CAN START TWO BUSINESS AT SAME ADDRESS OR NOT.

RENT PAYMENT MADE TO GOVT OR OTHER WAY OF PAYMENT.

PLZ REPLY......../

Shyam Lal Naik   09 December 2009 at 13:50

Penalty for delay in remittance of TDS

Dear Members,

Please reply with reference to statutory provisions and judicial pronouncement.


Whether a deductor can be treated as an assessee in default u/s 201 for delay in remittance of TDS? In this case, the amount which remain to be paid is interest only.


If the answer to above is in affirmative, whether the deductor can be subjected to penal provisions u/s 221(1)?


Whether the case law, "Shreeniwas And Sons Versus Income-Tax Officer, 'B' Ward, Asansol, And Others.[1974] 96 ITR 562, will come to the rescue of the deductor?

Venkatesh   08 December 2009 at 14:53

Lease

Bus shelters have been acquired for advertising by advertising co for OOH media under a lease for 10 years.
We have claimed it as a capital expenditure and charged depreciation according to Income tax rates.
However the ITO wants us to consider it as a deferred revenue expenditure & w/off over the perid of lease. which is appropriate pls advice. thanks in advance. pls do quote relevant case laws

Anonymous   07 December 2009 at 17:33

TAX SAVING

I have already taken homeloan for construction of my house on my plot & availing tax benefit on home loan taken. As the total balance amount on home is about to complete & after paying full amount I will not be able to avail tax benefit .

Please tell me if I take additional home loan for the further construction on same the plot ( Ist floor ). Can I will be entitled for availing tax benefit on the same way as I am availing today.

Please advise.