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Anoop kumar Modi
22 February 2008 at 15:33

allowability of interest paid on loan


Sir I have taken the loan of Rs. 10 lakhs for investing in the shares and paid interest on such loan and at the year end i have sold such shares and have a a capital gain .i want to know whether i can claim the deduction of interest on loan.give answer with neccessary referrence to income tax act,1961


Note: I have only income from capital gains


devendra
22 February 2008 at 14:48

Filing of TDS return

One of our client has neither deducted nor paid any TDS during Accountig Year 2006-07.He has deducted all TDS for the Acct. Yr. 2006-07 and paid to the credit of Central Govt. of India on 30.11.2007.Now I want to know that how the TDS Return for the Acct. Yr. can be filed at present?


CA Nishant Kumar
22 February 2008 at 13:28

A.Y. in TDS wrongly mentioned

If by fault while depositing challan for A.Y. 2007-08,the accountant mentioned A.Y.2006-07 whether the same would be treated as TDS for A.Y.2007-08. Please advise.Its urgent.


Mukesh Kumar
22 February 2008 at 11:34

tds challan 281

hi
i want to fill tds challan 281 in

computer. pls help me and send me challan

281 & service tax challan in excel format.


pls.

thank u
bye...................


Aditya Gupta

How to feed information regarding Foreign National's Income Tax No. of Foreign Country, in TDS Return, so as the foreign national gets the credit while filing his return of income in his country?


Mandip Bhattarai
22 February 2008 at 11:22

TDS ON GLOW Board

Sir,
ABC co is a real estate co. and it made a shopping malls in which there are so many shops which are sold to parties and this co also provide facility like electricty, cleaning, etc.
now when all the shops are sold after that shopkeeprs asked for Glow board(Like sign bord or name of the shops) for all shops and these boards were purhased by ABC co from a supplier that supplier supplies borad of different size and shape for all the shops..
now ABC have to pay that supplier and take mony from all the shops....
now whwn supplier send bill for same it charged VAT due to which ABC is not charging TDS on same as they are saying that it is supply of material...

Question is does ABC have to charge TDS on that supplier bill as it is Job work or not.???


Aditya Gupta
22 February 2008 at 10:21

Deductions u/s 80C

Is payment of Tution Fees for the period April08-Jun08, eligible for valid deductions u/s 80C for the A.Y.2008-09?


MANISH
22 February 2008 at 10:04

wealth tax

if the opening balance of the asseset(jewellery) is the closing balance for two years will there be any appreciation on the value of the jewellery while calculating the wealth tax


Sanjeev Kumar Sharma
22 February 2008 at 09:51

u/s 44AE playing and hiring of trucks

Hi to all my CA. friends

I want to confirm that an assessee who is running the business of playing and hiring of 7 trucks and earn more than rs. 3 crore in a year and on that amt. tds deducted by the service receivers. Is it possible not to take tax audit u/s 44AB of IT act, 1961 as receipt are more than rs. 3 crores





sandeep
22 February 2008 at 09:05

contractor-tds

what is the definition of contractor as per tds law.