The company purchased investment(like mutual fund,share etc.) by taking loan .Is interest on loan taken for investment allowed as expense.

my brother is working in infosys....
the followinng is my brother's salary slip given by his employer...

Earnings
Basic Salary 7,730.00
Fixed Dearness Allowance 1,100.00
House Rent Allowance 4,588.00
Medical Allowance 2,868.00
Transport Allowance 1,146.00
Leave Travel Allowance 2,868.00
TPI Incentive 2,944.00
BonusExgratia-AdvancePmt 1,678.00
Total 24,922.00
Deductions
PF Contribution 1,060.00
Professional Tax 938.00
Income Tax 194.00
Infosys Welfare Trust 150.00
Transport Deduction 250.00
Salary Loan 1,000.00
Total 3,592.00

i have an doubt regarding income tax of Rs 194 shown in deductions....
1.whether it is income tax i.e advance tax?
2.if yes,whether is there any provision in income tax that employer can deduct income tax other than professional tax from salary ??

hi all
i was businessman from 2007 to 2009 at that time i was return file now i am getting education i have no source of income of single rupee is it compulsory to return file with null balance ?

Hi sir,
one of my client deposit their tds aomunt in the challen 280 instead of 281. so what to do to solve thi problem.they simply come to my office and ask the tax amount & i calculate the tax amount and said. they did not told that they want to deduct the tds amount. i simply told them the advance tax amount only.

I have PAN card since 2008...bt didnt filed any tax return as dont hav any taxable income...bt now i want to file my tax return for asst.yr.2010-11 n 2011-12.I dont hav any taxable income in these years also.Now my query is whether my return for asst.yr.2010-11 will invite any income tax dept.notice...?
as I dont wann any type of notice from IT dept.
pls giv ur views for asst.2010-11,shall i submit the return or not....

Thanks

Regards,
Tanvi Khandelwal

Is it mandatory for a resident woman individual whose savings bank account transactions exceeds Rs. 10 lachs on a regular basis to file Income Tax Return. Is there any scope with the IT Authorities to track such transactions. If yes, then how???

As we all know that the sur-name of a woman changes after marrige. So, what is the procedure and necessary legal documents required by a married woman for applying for a new PAN with her new sur-name as all her documents was with her previous sur-name.(Remember the woman had never applied for PAN before.)

Is education cess and secondary higher education is applicable for the a.y. 2012-13

Dear All,
my Query is that, if i forget user id and Password of TAN registration on TIN NSDL,how can i get user id & password again, I have an urgent need of above said to do my work properly i.e. correction return of TDS, please help me

please tell me what is the process of above said.

Hi,

wheter tds is to be deducted on various charges like documentation charges, claering charges, fright charge, detention/dumurrage charges paid by the c&f agent??

is it make any diiference if the agent on the invoice mention each amount seperately and not charge service tax on expenses incurred mentioned clearly on the fcae on invoice and taxble portion includes his commision on which he charges service tax?

further is it make any difference if he make seperate invoice for service and debit not/ or invoice for reimburesment.