Ishant
This Query has 3 replies

This Query has 3 replies

24 May 2007 at 05:34

Section 195

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?


Devadass
This Query has 12 replies

This Query has 12 replies

24 May 2007 at 02:10

House loan interest deduction

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


Kumar Agarwala
This Query has 8 replies

This Query has 8 replies

23 May 2007 at 03:02

bank audit

what is last date for applying for bank audit whether individual can apply


Kumar Agarwala
This Query has 10 replies

This Query has 10 replies

23 May 2007 at 03:00

Edu Cess 2% to 3%

From which date edu cess on service tax became effectve from 2 to 3%


Reshma
This Query has 3 replies

This Query has 3 replies

Dear Sir/Madam

my query is:

If a Freight and forwarder provides pickup, clearing & freight service (from/to india) to client and recover the same thru his invoice.

Further,
If the entire sum recovered on account of freight is transferred to holding company abroad.

is the same liable to service tax

kindly advice

Reshma


MaheshDhanalakota
This Query has 5 replies

This Query has 5 replies

23 May 2007 at 01:25

Softex Forms

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.


धारा - 1
This Query has 4 replies

This Query has 4 replies

22 May 2007 at 23:09

ST on Web Services

Hi
I am a web developer & Designer . Can u please let me know how much Service Tax does web services like web hosting / web designing attracts

Thanks in advance

Regards
Suraj jain


Amit Salkar.
This Query has 10 replies

This Query has 10 replies

22 May 2007 at 11:14

CLASSES FOR PEII ??

IS THERE ARE ANY CLASSES FOR CAPE2 IN CST /VT


Guest
This Query has 6 replies

This Query has 6 replies

22 May 2007 at 08:25

House Loan

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?


Pawankumar Prakash Kulkarni
This Query has 2 replies

This Query has 2 replies

22 May 2007 at 07:33

HRA Exemption

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