dear sir!
my company was having one service contract with nokia.
Due to some reason this contract has been cancelled.
we have raised a debit note on nokia.
When they released our payment they have deducted TDS on this amount.
I think it should not be deducted.they have deducted this tds under 194c
Please clear this issue.
Gajendra

I have purchased a residential plot and for that I have taken a loan from the LIC Housing Finance Limited.

My queries are as under:

1. Whether the principal amount paid during the year is eligible under Section 80C of the IT Act.
2. Whether the interest paid during the year is eligible under Section 24(b) of the IT Act.

Will FBT be levied on the amount of service tax on expense incurred ? E.g. Expense Rs.100/- Service tax on this exp Rs.10/- So, FBT will be levied on Rs.100/-or Rs.110/- ?

Some notification or circular or case law or some news had come in this regard. If anybody could provide the same, it would be of great help.....

Hi !

What would be the TDS rate on a payment by a Tours & Travel Agency to the guides it hires for helping out the clients in visiting various tourists places. Guides are not an employee of the Company and freelancers. Will TDS be deducted u/s 194C or 194H or 194J.

Please reply ASAP with references.

Rozi Gupta

can i claime depriciation as per I T Act 1961 Or Companies Act,1956 on Rental property on which rent recieved

Hi Friends,
I want to know whether is it compusory to disclose the income earned outside india by a non resident in his income tax return along with his income earned in india(ie interest on Capital from partnership firm).In short Non resident has income from both outside india and from inside india,is it compulsory to disclose the income earned outside india since non resident's income earned outside india is exempt from tax as per Indian Income tax... Please Reply Friends...

sir,
can u please tell me the tds rates for AY.09-10? is anything changed from last AY?

I would like to know what is the rate at which the tds is to be deducted before paying the rent....

Can an assessee file TDS return even if he has not deposited the TDS deducted by him during the relevant quarter due to some financial problem so that he can atleast escape from penalty for non filing of return and subsequently file Revised TDS return when he actually deposits TDS?

The liability to deposit TDS deducted during the month of March is 31st May and for April its 7th May, for May its 7th June. Kindly opine whether its true otherwise plz correct me.