In Maharashtra MD doctors get stipend during their internship which is fully exempt. However, they have to work for one year as per bond in institutions like ESIS, etc. after completion of course

This is to be treated as salary or stipend since internship period is over but degree is dependant on completion of one year compulsory posting.

http://articles.economictimes.indiatimes.com/2013-06-20/news/40093875_1_mbbs-course-mci-sources-proposal

last line of article states mbbs students who have to work compulsorily will get stipend. Is it salary or stipend in such cases

Dear Sir,
For claiming deduction of interest on home loan being self occupied property,is it necessary to take possession first to claim the interest under section 24(b).

If yes then whether one can claim deduction of interest of period before the possession as pre-construction period in 5 instalment's
if the person belongs to salary class.

Kindly Guide.

Tx & Regards
Anjana Sehgal

company has not deducted TdS on director remunaration(U/S 194J @10% but deducated Tds as per salary slab considering salary.

can remunaration can be considered as salary.

respected experts,
sir may u please explain me , that when there is prohibition on just invitation in case subscription of shares and debentures to general public , then why there is a complete prohibition of invitation as well as acceptance in case of deposits from general public in case of private companies ?

company has not deducted TdS on director remunaration(U/S 194J @10% but deducated Tds as per salary slab considering salary.

can remunaration can be considered as salary.

Is preparation of SOPL compulsory
(a) for a company which is a start up company and is incurring expenses only on fixed assets
(b) for a company which had charged off its fixed assets in an year and hence prepared SOPL in that year. After that year two years have elapsed and hence for the current year it has Nil balances in the entire SOPL for both current year and previous year. SOPL with only Nil amounts is looking odd.

Companies Act requires both balance sheet and SOPL to be prepared for every year, on that basis should i prepare SOPL this year


Kindly help in this regard

Dear sir,
Whether tds is applicable on purchase of tyre for vehicles?
my client business is not trading of Tyre. but it has purchased tyres for its own vehicles from a single party.
whether tds applicable to this transaction?

Dear All

Please some one tell me what is Form 24G in TDS and 27Q and 24 Q

thanks & Regards....
Amruth Kumar

Dear all

Pls advice a Manufacturer can be sale Accessories Items and manufacturer only Registered in excise only manufacturer

pls advice

Regards
Praveen

Hey Everyone,

Please help me in getting this basic correct,

Person A gives contracts to Person B. Following events may occur

B charges Rs. 25000/- but its just one bill no further bills are received?
B charges Rs. 80000/- in a single bill (is TDS applicble in on 75000-80000= 5000 or the whole amount of 80000/-)
B charges Rs. 80000/- (twenty thousand in four different bills), so when will TDS provision apply? And is TDS applicable on all bills or only on the fourth bill when the Limit is actually crossed?
In the next year B only issues bills worth Rs. 50000/-, so will TDS be deducted on the this amount because it was being done in the previous year?