I have taken loan against house alloted to me.I have received allotment letter but still i have not received possession of that plot.My question is weather interest on loan taken for payment of house instalment is available for deduction or not under section 24.

Dear All,

Pls send what is the calculation method of depreciation (For Comapany).
Pls give also example. Best if send in Excel format.
Awaiting your valuable guidence.

what is the penalty if the employer does not deduct tax every month and instead does the same at the end of the year

Hi All

Please send me the new Tax slab for the assesment year Fy 08-09

Reag
Bharat

we wants to make a payment exceed rs. 20000 for revenue expenditure, but according to section 40(A)3, we can not make payment exceed rs. 20000 otherwise account payee cheque/dd, in case that amount will be disallowed in income tax.

than how we can make payment exceed rs. 20000 and book these entry in books of account.

My brother was in service for around 2 years hear in Ahmedabad although he is not filing his return. Now he went to Benglore in search of job, there they are asking for from-16. My question is can he now demand form 16 from his former employer and file his return. & for how many years?

What is the difference between software Development agencies and Information Tecchnology companies from FBT point of view.

1) What is the last date for filing 4th quarter TDS. Is it 15th April or 15th June.

2)Amount paid to NRI(USA) for cosulting services for pvt co. Where we need to deduct TDS or not. If yes U/s 195 or 194J @ what rate? Whether Double taxation agreement rules applicable or not?

3)UNICEF payment Rs. 12000/- U/s 80G whether full amount eligible or 50% only.

4)Whether School of Deaf amt paid Rs.10000/- whether 80G apply or not

hi all,
My query is if i have a contract with any contractor but sum of that contract doesn't fall into TDS deduction limit.
hence TDS not deducted upto previous invoice.but now contract has been amended and payable sum to this contract attract TDS as per rule.
now my question is that should i deduct TDS on whole amount billed till date.
and if i deduct TDS by considering all previous bills, will this attract interest?
pl suggest ASAP.

we got some refunds relating to various assessment years .cheques dated 17th of march have been received by us on 1st of april.refunds relating to tax payment and interest thereon.what are the entries to be passed and in which year we should account for that? Is there any effect on provision for taxation