One of my friend has taken loan for some purpose, and did not used that money for next two months. this amount of loan was credited to his saving account on which he received saving interest on which tax was deducted by bank.
I want to know whether this action done by bank is correct or not? is he liable to pay tax on this interest or not.?
Is there any remedy available so that my friend does not have to pay tax on such interest.?
Please advice me..thanks in advance

Dear Experts

please provide me the procedures of having call Centre registration.

1. whether Call centre registration and DOT licence are different

2. what is telemarketing registration?

3. difference between Call centere registration and telemarketing registration


thanks in advance

Can anybody help me short note on group 1? And i want to know is there any classes for icwa inter for crash course ?

My assessee had registered for vat and service tax as a electrical works contractor collecting vat & service tax on service provided to builders. if he is providing service for individual is he liable to collect VAT & Service tax, suggest me in this regard

Whether reverse service charge is applicable on services availed from cab operator.

cab operator is charging 4.80%+edn cess.

please advise, whether service receiver require to pay 7.2% ST.

Dear all,

One of my close one received a intimation U/s 143(1) stating demand, becoz as the TDS deducted by the bank on FDR`s at higher rate @20% reason not providing pan.as that's y not reflected on the 26 AS.

now my question is that how can we claim this TDS credit and nullify the demand.

With reference to notification related to filing of online tax audit report u/s 44AB is it mandatory to file from Assessment Year 2013-2014 or else from Assessment Year 2014-2015?

Clarification Regarding Applicability of SA 700 on Tax Audit Report under Section 44AB of The Income-Tax Act, 1961. - (05-07-2013)
but this notification as per ICAI says that e-filing of Tax Audit Report is mandatory from Assessment Year 2014-2015, please explain?

Regards,
Rakesh

My Final attempt in Nov 2014.and the new companies act 2012 is applicable to my attempt?
The bill was already passed in loksabha.

Hi
I have cleared both groups of IPCC in MAY 2013. I have also completed my ITT. My Orientation program is scheduled on Sept(16-20). So for which attempt of Final Am I eligible? And when is the last date for registering my Articleship and Final??

Reply as soon as possible

Thanks in advance

Kind Attention,
Sir
Salary Income is Rs.250000/-
Income from Other Source i.e Bank Interest Rs.20000/-
Business Loss Rs.(20000)
Gross Total Income Rs.250000
Can I Claim Deduction of Rs.10000/- under Section 80TTA ?

Regards,
Rakesh