when we pay the interest for late payment of tds to gov.we are elgible to deduct interest as admissible expenditure?.if we can under what section.
Some sir's are given reply this is penalty in nature,so this is noy allowed.Thanks for reply

BUT Ihave one doubt The late payment is due to non availability sufficient funds in business.Sobusiness have to bare burden of interest

Is exemption under 80p is applicable to an Organisation registered under Tamilnadu societies registration act 1975 if yes then any reference about it

Please help me in finding Rates of Depreciation as per Income Tax and Companies Act.

a urban cooperative bank has invested funds as fixed deposit in other cooperative bank with a condition that after the maturity the interest will be added to the principal & reinvested .
what will be the treatment of accrual interest for the financial year 2006-07?
can this interest be claimed as deduction from the profit of the urban coperative bank as income derived by the coperative society from its investment in any other coperative society?

cooperative bank has invested funds as fixed deposits in other coperative banks with a condition that after the maturity the interest will be added to the principle & again be reinvested.
what is the treatment of accrual interest in the financial year 2006-07?
can it claim deduction for the interst received as income derived by a coperative society from its investment in any other coperative society?

Is Depreciation allowed for a fixed asset which is purchased by paying Rs.25000 in cash

Dear all
While making payment for repairs of motor cars,TDS will be deducted on the gross amount billed or on the maintainance charges.

how to treat the tree cutting compensation received from company on our own land.Whether Capital Gain or AgriculturalIncome

when we pay the interest for late payment of tds to gov.we are elgible to deduct interest as admissible expenditure?.if we can under what section.

IS there any threshhold limit of turnover
for furnishing report under section 92E
of income tax act 1961