Dear all,


As per Section 195

The fees for technical services payable by the Govt. or an Indian Concern in pursuance made by the non-resident with the Govt. or the Indian Concern and where such agreement is with an Indian concern, the agreement is approved by the Central Govt. or where it relates to matter included in the industrial policy, the agreement is in accordance with that policy-
Where the agreement is made on or after June 1, 2005. TDS rate is 10%.

Can anyone please tell me that what is the meaning of the line starting from where the agrrement is with indian concern........ in the above pharagraph?
Is every agreement with non-resident always approved by the central govt. or in accordance with the industerial policy?
Also what is the difference between TDS & Withholding Tax?

I've taken a loan jointly with my wife to buy a house property. Basically the loan is sanctioned on my salary and repaying capacity only. EMI is Rs. 19,000/- Whereas my wife salary is Rs.13500/- only
I've registered the house property in my wife's name only.
In this circumstance whether i can claim Interest on salary u/s 24 and deduction u/s 80C for the principal portion paid from my salary income
Please clarrify

Thanks & Regards
R.Devadass

We submit the SOFTEX forms in Triplicate to the STPI , for the following parties records.

Original Softex for STPI
Duplicate Softex for RBI thru STPI
Triplicate Softex -Will be returned to Exporter after due endorsement..

Triplicate copy after due endorsement received from STPI we need to submit with Income tax authorities to Claim the tax exemption U/S 10 A&B of Income tax Act. ( Since our is 100 %EOU).

Where as Endorsed Tripicate copy in Original form seeking by the Banker.

Pls Advise how to go about.
at the same time STPI also not accepting the softex in Quar-Triplicate.

I have purchased a house two years back and availed a house loan. I have been claiming interest setoff from the residential income and principal amount u/s 80c. Now, i purchased another house and availing housing loan. Can i calim both housing loan benefits by declaring rental incomes?

a person who is a salaried employee, gets HRA. He stays in a leased house for which he has paid a lumpsum amount at the beginning of the stay in that house which will be refundable at the end of the stipulated period. Can he claim HRA exemption U/S 10(13A) of the Income Tax Act 1961

Hello Sir,

Please advice me about the following query.

In a bill for service charges the party charges service tax. We have to deduct tds against that bill. So whether the tds is to be deducted on the amount of service charge only or on the amount of bill inclusive of service tax.

Thank you
Manoj Bubna

A company has 2 directors. One director is NR. He is a director of foreign company in which the indian company has equity partnership. The NR director is responsible for realisation of exports. He is paid remuneration in Indian Rupee.IS TDS applicable. The salary is not for any work in India and his stay is hardly 30 days in a year in India

what is the last date for issuing 16A in case the interest iscredited for the year on 31st march.I v read somewhere that in such cases its 7th june. is it right and what if 16A is issued after the required date

New 1% Cess became effective for Income Tax from 1st Apr-07 before the Finance Bill 2007 getting assent of President.
However for Service Tax the same become effective after assent of President.
Why is So?

For the purpose of calculating Book Profits u/s 115 JB will the amount transferred from the Securities Premium Account to the profit and loss account be added back to the Net Profit?

Regards

N.Muralidharan Menon