Fact
An Apartment having 24 flats. The Apartment is running by an owners association. Association has a by laws which is not registered anywhere. Purpose of society to maintain apartment, flat owners/ tenants are paying Rs. 500 monthly for maintenance. Further association is earning rent of Rs. 132000 per annum on which TDS is deducted against let out of common roof for mobile tower.

Query
1. Whether registration is necessary, if necessary to which authority/ department.
2. Whether we can obtain PAN with a by laws, not registered.
3. Whether PAN can be obtained without registration.
4. Since the association is only meant for maintenance purpose, not for earning purpose, filling of return is necessary. If necessary what will be the status of association.
5. Whether income of the association will be exempt.
6. Whether tenant (Mobile Tower Company) is bound to deduct TDS.

Please guide further to obtain refund of tax deducted in accounting year 2007-08.

Sir,

My assessee paid Interest amt. only on Educational loan for his son, which is doing MBA. The Principal amt will paid by his son. but at present assessee paid Interest (amt. only) of Rs.15745.

Can assessee claim deduction of the abovesaid amount under which section.


further, If assesse paid Installment of Rs.7242/- p.m. from his income (both principal & Interest). Can he claim deduction from his Income ?


Pls help me.


Reagrds,

Baljinder Singh

is employees contribution eligible for deduction u/s 80c?
plase reply imm.

is employees contribution eligible for deduction u/s 80c?
plase reply imm.

contract of hiring of light vehicle comes under provision of section 194c if consideration is more than 20000

plz anybody give me bear income tax act

Whether Depreciation can be claimed on a fixed asset which is purchased for cash by paying an amount in excess of Rs.20000

if we incurred capital expenditure for morethan Rs.20000 in cash, can depreciation be allowed on such asset?

Dear Sir/Madam,

One of my client had not deducted TDS on the freight payment last year so the expenditure incurred is disallowed. Now he had deposited the amount of freight from his own pocket.
My query is that, In which quarterly return we show the details of the TDS deducted. The return in which the freight payment is made or the return in which the Tax is deposited.

In advance Thanks

regards

When Should be TDS Certificate Issued to Deductee