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.

Dear Sir,

As an indidual I had given on rent a primesses to a Multinational company on the monthly rent of Rs. 30,000.00

Kindly suggest can I request the rent payer not to deduct the TDS from the rent

With regards
Lalit

SUPPOSE I RESIDE IN UK ,I LENT 5 LAKHS TO MY FRIEND WHO STAYS IN US AND HE INVESTES THE MONEY IN INDIA a) OTHER THAN BUSINESSb)BUSINESS. HE PAID ME INTEREST FROM INDIA IN P.Y.06-07 &IN P.Y 07-08 HE CAME TO UK AND GAVE ME INTEREST .TAX IMPLICATIONS ON SUCH INTEREST IN MY HANDS

I HAVE A BUSINESS MY TURNOVER IS BELOW 40 LAKH & I AM PAYING RENT 130000 SHOULD I DEDUCT TDS AT TIME OF PAYMENT &IF ITS A COMPANY THEN

dear all,
If Invested in the months of March 09 in NSC...whether we need to take accrued interest for 1 months ?
what is the consequence(taxability) when the same got matured ?