what is the procedure of calculating tds on salary. what is the minimum limit of salry above which tds is deducted. what is the maximum limit of salary on which tds shall not be duducted.??

I recieve a rent of 1.50 lacs for period
of 3 months during the year.
The property was vacant for balance 9 months
I pay int of 3 lacs on loan agt property
what will be deduction allowed for interest.

can this be loss be off set against salary income.

When we purchase NSC,then we get deduction u/s 80c.

Now when intt. Accrued on such NSC,it is exempt under sec10(15).

My question is that can we get the deduction of 80C on such intt ,although such intt ìs not forming part of our gross total income....??????????

Huaband & Wife has taken home loan to acquire Self Residential House in Joint name.
But the registry of House is done in the name of wife only to save the stamp duty
Full Loan instalment is paid by husband.

1.Whether husband can claim for Tax Benefit under ITax u/s 80C.& Sec 24.
If no why?

Hello everyone,

pls resolve my query-

Our co is a jointventure pvt. co. in whch Foreign stake is 51% and indian holding is 49%. there is amount of Rs. 1.5 crore which the company is liable to pay to Bank and the co has no funds to repay this amount. now my query is this-

what are the alternatives through which our co can receive funds from our foreign as well as indian holding co.? the only alternate is to issue equity shares or we can issue preference shares also? or if both which one is better and what is indepth procedure for the same?

or if there is any other easisest solution kindly let me know, its very urgent.megha.gupta
Trainee eMind !

Posts: 9
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The dealer is purchasing material from the other states, the transport charges are paid to the owner of vehicle but the bill is in the name of transporter who works only on his commission. does in this case tds u/s 194c is to be deducted of the transporter who acts only for commission.

Dear all,

I have a Goods Transporting Company providing heavy goods vehicle to the industries, I have been charging the amount of service tax in our bill books till this fin. Year (rate i.e. 3.09 %), but now our clients are saying that we will directly deposit the service tax. So you don’t need to charge service tax. What if my services are above 10 lakhs?


Please Reply
4dahiya@gmail.com

Can a private limited company accept loan from another private limited company?Please explain with relevant section under the Companies Act 1956.Does it attract any provision under the Income Tax Act,1961?

Dear all,

can I fill my tds return that left unfilled for the September 2008 session (in case of p. ltd company), although we have no tds deducted in this session, please tell me the procedure.

but i have recived the letter form income tax office that you hve not filled you september quarter tds return. now what to do.

Regards

Hello everybody,

I want to know in a proprietorship concern, when I am paying salary 25000/- (aprox.) to each individual, how do i deduct tds and what are the dates of deposit tds, what are the rates and which number of tds challan is applicable to this.

Please reply soon!!!!

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