why the TDS is to be Deducted?

hi,
Can a person claim hra exemption and at the same time claim loss from house property (in the form of interest)?

Do i have to pay Income tax for NSC interest acuring every year or can i claim the rebate under section 80c

Suppose bank has credited interst twice on 31.03.2008, which was reversed on 01.04.2009. what will be the tax treatment, should i consider the same as income and pay tax

what to do if the company hasnt applied for TDS no. and it is into its 2nd year of operation?

will the co. be liable to pay TDS on remuneration paid to directors b4 applyin for the no.?

also, there is no other employee receiving salary more than 40,000 only directors receive remuneration?

Is the co. liable to deduct tax on remuneration to non-executive director also?

how to rectify such a situation?

Thank you

I have FDs in two separate banks. I want to ask whether I can show the FD interest on receipt basis instead of accrual basis.

If yes, can I show on receipt basis for one bank and on accrual basis in case of other bank.

thanks & regards

Ajit Jain

Please inform me about Depreciation rates applicable for accounting year 2007-2008 for the following
1. Computer
2. Ups
3. Water purifier
4. Furnitures & fixtures

If an Individual is a Salaried Person & Receiving Prof. Fees for Part time Job. But Individual obtain PAN on Basis of Salary Income. If that individual filing his/ her IT Return by showing only Salary Income & not disclosed its Prof. Fees. Then its lead to Contravention or Not ? if Yes, then what will be its consequence ?

If an Individual is a Salaried Person & Receiving Prof. Fees for Part time Job. But Individual obtain PAN on Basis of Salary Income. If that individual filing his/ her IT Return by showing only Salary Income & not disclosed its Prof. Fees. Then its lead to Contravention or Not ? if Yes, then what will be its consequence ?

What is the employees state insurance corporation & when it is applicable?