Question is- my friend is taking a home loan of Rs.10 lacs and property value is 20 lacs including registration etc. Now bank has sanction him Rs.10 lac and he has to pay balance Rs.10 lac out of his pocket.
He has fds of Rs. 15 lacs.
Now he has two options.
1. Break fd and pay Rs.10 lacs.
2. Bank offered him a offer that is take od on fd at same rate of fd and at same amount of fd. I.e.Rs.10 lac @9% on lien of 10 lacs' fd (since he was x-staff family member of bank).
Here it clear that bank will keep interest and release fds in future when he wil pay rs.10 lacs.
Which otion he should opt and WHY ?? Please give answer with detailed examination..
Loan emi etc are not dependent on this 10 lacs.

Hi
I am doing Contra Entry(Inter Bank Transations) on Tally. I need to enter Bank Charges also

Ex. State Bank of Mysore 50,000 A/c Dr
Bank Charges A/c Dr 5
To State Bank of India 50,005


How to take this on Tally please let me know

What I am doing is S.B.Mysore A/c 50000 Dr
To SBI 50000 In Contra(F4)

and in Payment Vocucher(F5)
Bank Charges 5 A/c Dr
To SBI A/c 5

I have Hired one vehicle with driver from one party and price charge on km basis.I got bill from this party is rs.31000.

so Plz suggest me TDS is Applicable or not if Applicable then tell me section and %.

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Thanks

Sir at the time of rent payment of may month of Rs 80000 i have not deducted tds on that amount in may month but i have deducted tds on that amount in the month of 15 june then plz tell me how much interest will have to pay?

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Dear Expert,
We are registered Dealer under Tamilnadu Vat Act, have purchased one godown in Chennai and want to deliver the goods to parties at the that premises.

My query is, whether do I need to amend My VAT RC and intimate to Sales Tax Dept.

If yes then please provide us the procedure for the same.

Can I do it through online mode or Have to submit Physical request.

Please Reply Its Very Urgent.

Thanking You,
MK Agarwal

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