Do TDS need to be deducted on interest paid to co.s registered under MSMED Act?
if yes, what is its rate?
Dear Sir,
In fY 2013-14, total turnover of a service provided was Rs. 13 lacs and in fy 2014-15 his turnover would be around only 5 to 6 lacs.
Whether he has to collect and deposit service tax for the fy 2014-15
or
he can claim exemption for the fy 2014-15 as his turnover would be below 10 lacs.
Thanks and regards.
Good Morning Experts,
I have a question, You all are requested to please response.
Employee A take Interest free Home Loan from his employer for Rs. 300000/-. For instance, SBI provides home loan on Interest @10%. So would Interest amount ,e.g. Rs. 30000/-, be taxable for A.Y. 2014-15. Because IT Deptt. has provided exemption on Home Loan Interest upto Rs. 150000/-.
So Would his Interest free loan be taxable ?
I have not file my service tax return till now for the period oct to march 2014. No service provided by me in this period. I want to surrender my STN. is it possible without filing return or not If no there is penalty of belated nil return
An assessee has given a building on lease to a bank. Annual rent is rs. 9,50,000 inclusive of service tax according to lease agreement. This is the first year of lease. Assessee is a first time service provider and has registered himself in this financial year only. Whether the assessee will have to deposit service tax on inclusive value of rs. 9.5 lacs or he can claim small scale service provider exemtion for current financial year?
Dear Sir
my frd is daily earing 1k to 2k in share market. he doesnt want to file ITR. if i insist him to file then how to file and what to show in income. he has only this income. how to pay advance tax on it. it is more than 10000. so please suggest me the way for which ITR and what amount i have to show under C.G. head. Please advice practically.
please tell me if a person is under tax regime & having multiple savings a/c how i am going to calculate the tax burden?is it sum of interest gained from all savings a/c minus Rs 10000/-?second point is whatever interest gained from savings a/c having mod/sweep facility comes under tax burden or same relaxation of rs 10000/-is available for it like normal savings interest?
My client ABC Pvt. ltd. has taken loan in september 2013 from director relative.
What would be the impact till March 2014 as per Co Act 1956 and after 1.4.2013 as per new co act 2014.
Also who are the relative as per new co Act
Hello
I am a ipcc both group student having my attempt in November 2014,i am also a student of 1st year b.com(h) from sol of DU.my b.com exams are going on but i am not able to cope with both coaching classes and b.com exam,i am not able to study for b.com due to overburden of 6 coaching classes at a time of CA. should i leave sol DU?i want to join b.com(A&F) from ignou that is mou with icai after passing ipcc both groups.should i leave b.com of du now,is there is any difference of value between these two courses?do i need sol b.com with my CA degree?
PLZ HELP.
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Tds liability on interest paid to co.s registered under msme