The query is regarding Sec 80E
One of my friend is doing his MBA from IESE
Business School, Barcelona through distance learning .
He has got his loan financed from Sabadell Atlantico,
a foreign bank. During the year he has paid interest
on loan amounting to 2050.17 sterling pound which is
mentioned in the certificate given to him from bank.
According to section 80E interst on loan is deductible
which is paid from income chargeable to tax.My query
is the loan taken from foreign bank eligible for
deduction as per the provision of sec 80E. Also are distance learning course eligible.
Also ,please let me know about the rate of conversion
reg the interest amount.
Kindly clear my doubt

if a person(not a CA article) is recieving a stipend from co. say RS.75000 pm whether it is taxable or exempt.
plz provide the section
and what about if CA article is recieving this

What is the Maximum Limit for deduction from Sec80c-80U

There is Pvt. Ltd. Company. Its director withdraw some amt. for his personal purpose and ledger of that director on Co's books of a/c is under loans & Advances then whether it is taken to be as deemed dividend. If yes then whether company is liable for deduct TDS under section 194 on that amt.

I have to prepare the CMA data of a petrol pump. Now the land for the petrol pump was purchased by the owner a few years ago for 6 lacs only now the market value of the land is Rs. 2 crore appl. now while calculating project cost whether bank will assume historical cost or present cost of land. owner can contribute only the land as capital. other capital cost on project is appx. 1 crore. how the financing will be done by bank plz suggest. how should i prepare the CMA.

Please give brief information about deferred Tax & about its calculation.

Can we pay in cash payment of GR(Goods Receipt) of Rs.25000?

Is this permanent obligation for the employer to issue Form 16 or 16AA even if the Taxable income is below the taxable limit and tax has not been deducted. And if it is not obligatory then what should an employer do when such an empoloyee is asking for his/her Form 16/16AA.

Kindly intimate me.

Whether STT Will Be Added IN the Cost Of Share purchased while entering its entry in the books of accounts and computing capital gain/loss on it ?

Same in case of sale of shares whether STT will be sustracted or not in the sales consideration while enterin it in the books of accounts and comuting capital gain on it ?

Please Tell me about this with reference to any case law ,ruling,concept, or logical thinking.and also about brokerage charges turnover charges and service tax included in the broker note and bill ?

Hi All

Whether TDS needs to be deducted on the service tax portion of the payments made to commission agent?

Specific clarifications for TDS on rent u/s 194-I is available but what about TDS on commission where payments include Service tax?