Hello,

Does petrol expenses paid towards two wheelers of employees become liable for FBT under the category of 'Conveyance'?

Can anyone please explain the concept of unabsorbed depreciation? wht actually u mean by Unabsorbed depreciation?

Sir,

I am running 1 eating house on annual rent, my 1st query is whether i have to fill my personal return.2nd whether i have to fill return for eating house.

Raj

Kindly suggest me the TDS Rate for the Charges paid for Hotel the durationfor stay in hotel not more than 3 days. AS per my view TDS should be charges under section 194-I ?

Thanks and Regards

Mint

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

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.

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.

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.

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

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.