If the employee is residing in Ahmedabad ( at site) in construction company and his family resing in Mumbai. The Employee is also taken loan for his house at Calcutta.The employee pays rent in mumbai for family members residing in house. The Company has given employee HRA as part of CTC. Is this employee entitled HRA exempt under section 10(13A)and interest on house loan under section 24 (b) of Income Tax Act,1961

One of the leading Bank has deducted Tax at source on the term deposits, even after submitting form 15G.

The reason given by the branch manager is that, if INTEREST exceeds Rs 1,50,000/- during any financial year,TDS will be deducted ,inspite of submission of form 15G.

Is the branch manager correct?

What is the basis?

I HEREBY AUTHORISE YOU TO PAY OR CREDIT INTEREST OTHER THAN INTEREST ON SECURITIES TO A RESIDENT UPTO RS. 407000 AFTER DEDUCTING INCOME TAX AT THE RATE OF 0% (EXCLUDING EDUCATION CESS/SURCHARGE AS APPLICABLE)TO OR,AS THE CASE MAY BE TO THE ACCOUNT OF "MAHAVIR SWAMI JAIN DERASAR WHOSE DETAILS ARE AS BELOW

MY QUESTION RELATED ABOVE PARAGRAPH SO PLS HELP ME

1 ) UPTO RS. 407000 DEDUCTED TDS @10% OR 0% ON BANK FD INTEREST

i received demand notice u/s 143(1)for paymnent of incometax shortfall being calculated as per section. my query is :
1. i would be paying the money how would the IT dept would know that i have paid the amount in time since 30 days notice is being given.
2. the type of payment is self assessment tax (300) is it not ?
3. do i need to pay any interest on this amount.
4. do i need to pay any surcharge on this amount.
5. do i need to pay any penalty on this amount.
6. i can also make payment online or epayment.
7. How do i to show in the IT returns next after the payment thereof.
8. Is it necessary for me to again file any document showing the clearing of IT payment.
9. How do i have to show in my next IT returns regarding this payment.

IT department issued a intimation u/s 200A to pay interest on late payment of TDS on salary under code 400 regular assessment.
we presented a cheque and challan in SBI for depositing such interest but bank not accepted and returned the cheque due to bank can not deposited under code 400 regular assessment of company status. I want to ask e-payment is compulsory for above interest payment.

Dear sir,
I have applied equity shares in a private limited company @Rs 500/-.However the break-up value is rs 10/-
1)What will be my liability if i subscribe?
2)If I sell these shares @Rs 500/-having break-up value of Rs 10/- each to other purchaser.What will be my Tax Liability?

PLEASE TELL ME AS WE ARE IN A STOCK BROKING FIRM OUR COMPANY IS PRIVATE LIMITED NEED TO RAISE FUND WHAT IS THE SOURCES THAT WE CAN AVAILED THE FUNDS

i want to ask ki...are there major or v cn say many amendements in IPCC-ADVANCED ACCOUNTS paper for may 14,aftr nov 13 attempt...??

Suppose A person transfer House Property for no consideration & the transferee pays whole amount for registration & stamp duty then, Does transferee claims Exemption U/S 80 C ?

how will be CA as career in banking sector?? please suggest..