1) Whether the interest earned on Employer contribution to PF is taxable or not?

Dear Sir,
We are a manufacturing Company, in which there are 5 directors each director is getting a salary of Rs 50000 p.m. against which company is deducting Rs 1950/- pm as tds, now in the month of March 2023 director has given interest on their unsecured loan given to company against which 10% tds is charged by the company, now what tds should company deduct from March 2023 Salary, as Income tax on Salary income plus intt on unsecured loans income is higher than their monthly salary. kindly clarify this issue.
Thanks & Regards

How is the income tax calculated on a flat owned by an NRI (residing in Singapore ) rented at Rs 37,000 p.m. which is Rs 4,44,000 per annum? Do the tenant still has to pay 31.2% tds every month to income tax dept?

Whether TDS is deductible on Insurance premium payment of more than Rs.60 lacs? Is 194Q or other section apply?

We are getting invoice from CHA as well as Transporter etc containing GST. All invoices in our name. But payment system is different. CHA makes payment towards line charges etc. We pay only to CHA against the debit note raised. Sometimes line charges etc are shown as receipted invoice amount. My question is if we are liable to deduct TDS on the said line charges or not.

Dear Friends, Seek your guidance on the below query: - One employee joined our organization in 2003 and left on 31st Mar 2023 (at the age of 72) his basic monthly salary is 3,33,215/- My question are: - 1. How many year of services to be considered for gratuity calculation (Joining till retirement age i.e. 10 Yrs or Joining till actual left date 20 yrs). Also is there any upper limit. 2. Leave Encashment - Same question as above. 2ndly can we show this in FY 23-24 instead of 22-23 (on the request of the employee) 3. we are providing the car as perk (the wdv of which is 20 Lacs) what will be the taxation on the same and can we also show it in 23-24.

A person is going to purchase a plot on which he will construct a residential house for self use. It will be constructed within period of 3 years. On other hand, he has agreed to sale his share in parental house to his brother. But it will be happened in future may be before or after one year of purchase of land. whether he will be entitle for exemption u/s 54

can we file rectification U/S 139(9)

Please share Investment Undertaking Form FY 2023-24 and Regime Option declaration for FY 2023-24 in Xl or PDF

Thanks

Sir/Madam

I want to know what is the interest rate for interest calculation of late payment to the vendor under MSME Scheme??

What is Bank Rate notified by RBI??

Payment of Interest: Company have to pay interest on delayed payment to MSME registered supplier. Rate of Interest shall be three times of the bank rate notified by the Reserve Bank.