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shruti karuturi
23 May 2008 at 10:18

FBT allowable deduction?_115JB

Whether FBT would be allowable deduction while computing `book profit' under Section 115JB?


mahesh

Are Interest payment to NBFCs on its loan liable for TDS


Monika Mulvanshi

hi,
its urgent
Company had booked a hotel in which all the facilities are availed by the company.
In hotel, there is a conference room and the company is using the room for conducting a conference and paid a huge sum to it .
My query is whether TDS is applicable on it and which section .
Sound base of reply is require


Shrinivas
22 May 2008 at 17:28

Section 195

Confirm the TDS rate for Technical fee raised by ( NRI ) company located in England.
I think it should be 10.30% but not sure please confirm.


Shrinivas
22 May 2008 at 17:22

Section 194C

Hi
Co.has given contract for project to engineering for purchasing machineries and commissioning & installation it.For that they are raising the separate bills for Purchasing machineries ( they procure such machineries from various vendors ) and commissioning & Installation of such machinery.
In this regard whether I have to deduct TDS on both the bills on gross Amt. or only on installation bill Tax will be deducted.
Though I am not sure on which amount TDS is deducted. please advice.


Sanjeev Kumar Sharma

Hello to all

I want to confirm that an assessee (transport company) paid scooter runnning & maintenance exp. whether it will be covered in conveyance exp. for FBT purpose or not. because it will not covered in Running, Repair & maintenance of Motor car exp.


Maria Sheela
22 May 2008 at 15:50

FBT & STPI

Hi All,

I would like to know what exactly is FBT & STPI? At what rate is this calculated & how?
Please provide some web address also.

Regards,
Maria



SHALINI JAIN
22 May 2008 at 15:41

Interest on H/L

Dear Sir,
In a querry raised by maria just today regarding interest on two H/L , out of which one house will be self occupied and the other rented, why interest of only 150000 will be allowed. I think that in case of self occupied house, the individual can claim max H/L interest of Rs 150000 and in case of house which is let out , the amount of interest which accrues will be allowed.So I think the individual can claim the benefit of interest on both the H/ Loans. Yes principal repayment will be restricted to Rs 100000 u/s 80C. Sir please clarify whether I am right or wrong.


Javed Ansari
22 May 2008 at 15:29

TDS ON RECRUITMENT AGENCY

what rate will be applicable on recruitment agency 194j or 194c.
Can i deduct tds U/s 194c from recruitment agency.Plz give me the refence of circular.Plz reply me


CA Karnik Pandya

Will u Pls tell me whether the interest received for late payment on accident Compensation of MACT claim is taxable or not? I m aware that the compensation is exempt in the hands of legal heirs but pls tell me the taxation effect of Interest recd. on the same in the hands of legal heirs of deceased. the client wants refund of TDS deducted on the said interst

Thank you