what is the limit on Edducation Allowances?
He can also claim U/s. 80C?

If medical allowances giving by employer can he claim u/s 80D? up to wht extent?

Hi

Dear all can i get any rebate or benifit under any section if i take interest free loan from employer. if no tell me the treatment in return its includ in my gross salary/other income or any other field & its taxble give me calculation for that (loan amt 100000 dt. 10-4-09)

lot's of thanks

nilesh
nilesh_sagvekar@balaji.co.in

Can anybody tell me regarding this situation.

My brother is working in a MNC IT Company drawing 50,000/month.He was purchased one flat in a apartment which is situated in Hyderabad for Rs38,00,000 and repairs and Modalisation cost was 4,00,000 in addition.Total 42,00,000.
He was taken loan of Rs 29,00,000 from LIC and Other sum from his personal.

Can any deductions are available to him from his total income?

Please reply.

Thanking you,
Srinadh

One of my friend is working with Govt.corporation. his gross income for A.Y. 2009-10 is below Rs.1.5 Lac. And as such his office not issued Form No.16.
His minor son is being enrolled as private finance consultant & total commission paid to minor by a institute is Rs.3.98 lacs & T.D.S. of Rs. 40235/-

kindly guide in the matter for filing I.T. return of parent.

My company has work done in the year of 31st March 2003 as construction of residentrual Building. but due to some financial crisis of our client the have non any payment made to us bus bill was finalised on that date amd we shall take this amount account for in this year. The fact was taht the client was assure to us the will pay the amount. In the year 2009-10 we gate this amount. My question is we shall bount to pay the service tax under5 residential complec.

under section 194C, TAXPAYER NEED NOT TO PAY TDS IF HE PROVIDES PAN CARD. AFTER RECEIVING THE XEROX COPY OF PAN CARD WHETHER WE HAVE TO INFROM THE DEPARTMENT IMMEDIATELY OR AT THE TIME OF PREPARING THE BALANCE SHEET THAT WE ENGAGE THIS TRANSPORTER FOR HIS SERVICES & WE DIDNOT DEDUCT THE TDS ON FREIGHT BECAUSE HE IS PAN CARD HOLDER?

Dear All ,

I have a doubt regarding the TDS rate on rent as per the new rate

We are paying rent of Rs 26000 and generator sharing charges to the Owner Rs 2500 per month , do we need to deduct tax on generator sharing charges also .

Now there is another issue that for our building there is a separate transformer set up so we are also paying a share of 16000 per month for the same .
so do we need to dedust tds .

Regards
Nisha

Dear Sir,
I would like to know the penal provisions if Professional tax payment is delayed in Chennai.

Dear sir,

I would like to know the penal provisions for delay payment of professional tax in Andhra Pradesh and Chennai.

Hello everyone. Please help me with this. I have taken a margin funding from a bank to invest in IPOS. I have ended up paying Nerly Rs.75000+ as interest cost to them. Should I deduct TDS on that amount or is interest payable to Financial institutions like banks, etc exempt from TDS?