DEAR SIR/MADAM

1. AN ASSESSEE WAS TAKEN LOAN FROM SUNDARAM FINANCE FOR PURCHASE OF LORRIES HE IS PAID EVERY MONTH E.M.I. INCLUDE INTEREST IF THIS INTEREST IS PAID WHOLE OF THE YEAR IS ABOVE RS. 5000/- ASSESSEE IS LIABLE FOR DEDUCTING OF TDS ON THE AMOUNT OF INTEREST PAID TO SUNDARAM FINANCE IF ITS MANDATORY PLEASE TELL ,

2. IF ASSESSEE IS NOT DEDUCT ON PAYMENT OF INTEREST TO SUNDERAM FINANCE IS IT DISALLOWANCE AT TIME OF STATEMENT OF TOTAL INCOME PREPARED , IF IT IS DISALLOWED PLEASE TELL WHICH SECTION IS DISALLOWED.

THANKS IN ADVANCE

DEAR SIR/ MADAM

1. A PRIVATE LIMITED COMPANY IS NOT DOING ANY BUSINESS ACTIVITIES, SOME REVENUE EXP. PAID BY COMP. SO IT WAS COMES UNDER NET LOSS EVEN IN THIS SITUATION IS IT MANDATORY FOR IT E-FILING

2. A CINEMAHALL IS RUNNING BY PARTNERSHIP FIRM ITS ANNUAL GROSS COLLECTION IS RS. 900000 IS IT MANDATORY FOR FILING ITS IT RETURN THROUGH E-FILING AND MANDATORY FOR PAYMENT OF FRINGE BENEFIT TAX, PLEASE TELL

THANKS IN ADVANCE

Dear All,

The company has increased its authroised capital on which ROC Exp. are Rs. 2 Lac. Whether these exp. be included in Preliminary Exp. and should be deduct 1/5 every year or should be debited to administrative exp. under head fees & taxes. Please explain with section / rule details if any. Earlier in a other company case we have debited it in expenses account and claim fully in the same year. But at the time of assessment ITO object it. But we are enable to find the related section. Please guide.

Subhash Chander
999 000 3502

life

asked on 22 June 2009

This Query has 1 replies


broadcasting services

One of my client rendering broad casting services. to advertise in his channel, he is using the services of ad agencies.

My query:

The agency is recieving the commission from the customer directly and paying the remaining amount to my client. Suppose if the totak cherge for broad casting is Rs.20000 then his commission is 15% i.e3000. the agency is recieving 20000 from the ultimate customer and paying 17000 to the channel(my client). is service tax is to be charged on 17000 or 20000 ?

What is a defination of commission?

what is a defination of commission agent

I & my Husband jointly purchase house. we both paid home loan jointly but from induvidual earning. we manage seprate account for the same to pay individually.
please guide me what is the bebefit limit in income tax?

Can benefit of limit of interest of Rs 150000/- & principal Rs 100000/- enjoy by both seperately?

A company engaging in developing and constructing Housing Projects in india.Eligible to Claim Sec.80ib(10).Seperately accounted land in fixed asset schedule as the land is purchased in the name of the company.profit on sale of land is seperately accounted .Whether the profit on sale of land is also eligible to claim deduction u/sec.80IB(10)?

wht r the reasons onthe basis of which transfer can be taken from one firm to another firm?

Can any one tell me whether ICAI has given any format for Article Work Diary to be maintained by all students? Also I want to ask you all whether it is mandatory to submit the work diary to ICAI every year of articleship?

Respected Sirs,

Please clarify whether service tax is applicable on Returnable rental Advance. If applicable the relevant provisions of Law and if No relevant case laws etc

Best Regards
A Chandrasekar