RAKESH MEHRA
09 December 2009 at 15:34
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
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
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
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
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.
Anonymous
07 December 2009 at 11:55
I bought a house & Taken home loan on my name. I availed tax benefit on it. Now, my re-payment against loan amount is going to complete. After this I will not be able to avail tax benifit on it & have to pay tax on HRA given by the company.
My query is
Whether I can transfer my home in the name of my wife & take a RENT RECEIPT from her in order to save my INCOME TAX.
2. IF I BUY A SECOND FLAT AND AGAIN TAKE HOME LOAN, CAN I AVAIL THE TAX BENEFIT ON IT ?
B. R. Passey
07 December 2009 at 11:06
I would like to know whether one can avail the CENVAT credit after issuance of a Show Cause Notice by the Department of Central Excise & Customs and file his revised returns during process of adjudication or after adjudication? If not, then please quote the relevant Rule / Notification for my information.
Regards,
B R. Passey
Anonymous
05 December 2009 at 16:57
One of my friend has not filled income tax return for year 2008-09, he is a salaried employee and TDS was deducted, but even he still need to 10-12K more tax. What should be done in this case?
v.n.awasthi
05 December 2009 at 16:50
dear experts !
we have purchase 4% vat able goods from urd therefore we have raise our own purchase bill now tell us whether vat along with additional tax should be charge as input tax or no tax will be charge on bill kindly also tell us about the adjustment of itc .
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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