dear sir

how can i use section 24. what is the way

& in which section repayment of housing loan is located. in housing loan repayment of interest amount is deducted is is right.

Hi
I need to know where TDS is to be deducted in following case or not?
NRI has invested money in India as Loan to a private limited company
He never comes to India and is settled in US
Whether Indian Company should deduct TDS on Interest payable to him ?
If yes at what rate and Under which section?
How do we give him TDS certificate? and how do we update it in TDS Return those details?
If no than is DTAA benefit available?
If DTAA is applicable what kind of paper work is required?

Its very urgent kindly reply ASAP

Thanks and Regards

Hema Desai

Hi
I need to know where TDS is to be deducted in following case or not?
NRI has invested money in India as Loan to a private limited company
He never comes to India and is settled in US
Whether Indian Company should deduct TDS on Interest payable to him ?
If yes at what rate and Under which section?
How do we give him TDS certificate? and how do we update it in TDS Return those details?
If no than is DTAA benefit available?
If DTAA is applicable what kind of paper work is required?

Its very urgent kindly reply ASAP

Thanks and Regards

Hema Desai

My friend holds few shares of a company and he wants it to be transferred to his brother.
What will be his tax liability assuming that he has both short term and long term shares.
Please help.

one company doing transpot business on contract basis, When they got contract for sending goods it make sub-contract against contract for sending goods to destiy with lorry owner and for which it become mentetory for him to make payment in Cash to driver for petrol and fro other expenses and after wards they have no contact with party and further he got lorry which is available at the time of sending the goods which is chipest.

Here many time the payment made to driver exceed 20000

whether it is disallowe U/S 40A(3)?
Whether it cover under exception under rule 6DD as tradition of the business?

A CO X IS IN THE PROCESS OF SETTING UP A NEW RETAIL OUTLETS. THE FEES OF THE LEGAL CONSULTANTS/ARCHITECTS/CONTRACTORS PAID HAS BEEN CAPITALIZED IN THE CWIP unless the sale at the outlet starts. now the amount remained in the CWIP & capitalized in 2007-08(on starting of the sales). the company did not deduct tds on the professional fees/contractual payment(rs 25,00,000 being capitalized). now in 2007-08 co. claims the depre on the capitalized amount of rs 2500000.

should now the exp(i.e dep)be disallowed. if yes than the amount of dep should be disallowed every year co. charges dep on Rs 2500000(since wdv method in I.T act 1961 the asset will never bcum nil)

is e-filing is applicable to all for AY 2008-09 or to certain section only if so please give me the details

A COMPANY IS IN THE BUSINESS OF THE RESTAURANTS/FAST FOOD OUTLETS. WHILE MAKING PAYMENT FOR CONSTRUCTION/INTERIORS OF STORES/SHOPS IT HAS NOT DEDUCTED WCT UNDER DVAT ACT BUT DEDUCTED TDS UNDER INCOME TAX ACT. DOES NON DEDUCTION OF TDS HAS ANY DISLLOWANCE/LIABILITIES IN THE INCOME TAX ACT.

hi 2 all
i want to ask (URGENT)
if a forgein agency refer patients to an indian hospital??

then
what is applicablity of tds , service tax and double taxation aggrement???


what type of this service is called????

A firm prop. working as export house for the last ten years. firm owns machinery, land and building.Land and building is in the name of proprietor but shown in balance sheet and depreciation is beig claimed. now a new company has been formed to take over the business of proprietorship firm.what issues to be kept in mind and how to proceed. Please guide.
thanks,