Hi All.

A foreign investor is investing in Hotel. The hotel has decided to sell gift vouchers to its investors.

What are the FEMA related implications on such sales?

sir if we paid More then Rs. 20000/-to contractor or transporter it will allowed or not, as this is natural if we booked an transport he will take advance as per kilometer

Hello.
Recently there was a notification on 20th May 09, amending earlier notification issued on 03rd March09 and providing exemption from service tax on service consumed for authorised operation carried on by a SEZ developer.

Now my question is this what about the taxability of services provided in between this period i.e.(03.03.09 to 20.05.09).How it will be treated.Whether by way of refund or is it exempted.

Thanks in advance.

A company made provision for some expense say some contractors bill on 31st Mar 08 or work done by contractor & bill against it is received in June 08
a) Shd TDS be deducted on date of Provisioning i.e 31st Mar & deposited accordingly or at the time of actual receipt of bill?
b) If booked on 31st Mar 08 itself and also deposited, but in June bill is for different amt in such a way that TDS is deposited more by Rs 100000/-. What should Company do now, to get the amt refund?

Hi,

A company has got a LAN Internet connection from Sify for its office and paying quarterly bills of around Rs 250000/-.Need it to deduct the TDS over the amt being paid to service provider?
ANy case law or notification will help.

Pls keep the query open unless you are sure of your Reply.

I am a salaried person and have taken home loan for a property under construction. So, I'm aware that I can not avail sec 24 benfit right now.
However, I have some inerest income. Can I set off my interest expense on home loan against my interest income.
Please advise. It would be great if you could also mention any similar case ruling.

Dear Sir/Madam

will kindly explain me whether the TDS is deductible on Service charge + service tax or omly on service charge with reference of IT circular or notification

santosh

If one person takes housing loan and constructed a house in Mumbai and he is working in Delhi as an employee.


Is he eligible for the following benifits?

1) HRA exemption u/s 10(13A) as he is paying rent in Delhi

2) Interest on Housing Loan u/s 24

3) Principle repayment u/s 80C

Sir,

We are constructing one building to Airport Authority of India(AAI). The AAI gave mobilization advance to us. Now we are paying interest on mobilization advance.

Noe the Query is whether I have to deduct TDS on interest to AAI.

As per the AAI, TDS need not be deducted


Please give me clarification whether the contention of AAI is correct or not.

If it is correct tell me the relevant section/notification i

Sir,

Please let me know the implication if we do not affix REVENUE STAMP on receipt of more than Rs. 5000/-.

Except legal validity of receipt, is there any penality or other charges for violation of section 2(23) of THE INDIAN STAMP ACT, 1899.