is loan taken from shareholders or directors of company, liable to tds in case of pvt ltd co?

Dear Sir,

Bank have deducted tds on Interest on FDR of Rs.78917/- and file his eTDs return without mention of our PAN. Now have recived the demand notice from Income Tax department of the same amount.

We told to bank for filing of revise return but no proper reply received. Thery are not ready to file revise return.

We have the original Tds certificate. Pls advise us how to get the credit from Income Tax department If party not ready to file thier revise return nor make the tds payment to us.

Waiting for early reply.


Baljinder Singh

In case of a private limited company, is tds required to be deducted in case of payment of interest on unsecured loans?

loan taken from shareholder & directors of the company.

i wanted to ask about ideas one can adopt in creating a new income tax file for a student (major), specially about the sources of income, thank you,

In case of a pvt company, what type of interest is liable to tds?

I have a moulding machine and i sell a moulded electrical product with a turnover of abt 40 lacs. Recently, i have been approached by a company to do moulding job work for them - raw material being provided by them. i expect a job work billing of abt Rs. 30-40,000 per month.i.e. less than 5 lacs per annum. i know the exemption for service tax is 10 lacs.
What i mould is a part of an electrical product which is not a product which can be sold independantly. The company would use this moulding alongwith 30 other components and makes a final product which is excisable and they would inform excise deptt. also and maintain 57 F4, though they are not availing CENVAT. I can keep a copy of those docs if required.

And i don't want to correspond with excise deptt. at all. Can there be a liability in my name any time in the future.??

i understand that service tax registration is NOT reqd till we cross 10 lacs.
Do I need to register or inform or charge any other tax like work contract tax

HI Every1....

i am a ca FINAL student appearing in may 11.

I've interest in Systems and Machines to be presise softwares.....

can any1 tell me the prospects of CISA or DISA.....the pay Packeges offered recently.....what skills 1 needs to have other than accounting and auditing what other courses shall i undergo during this articles period like ORACLE or VB....

Hi,
I have one Query Related Service Tax,
on Telephone Bill or any bill's our Company name is not there, But that bill's Amt Paid by Our Company,becuase that bill come on the name of that premises owner name (says Franchies), so can we take service tax Amt in service tax Credit or not

Thanks
Arvind

Company salary break up are just like these: Basic,Hra,T.A, and Others.
Now if I show Rs. 1250.00 (maximum) paid to the employees as medical reimbursement as others, will it be allowe by the I.Tax

ANYBODY PLS CLARIFY THE MEANING OF "PRACTICAL QUESTIONS" WRT DT?

Does it mean "NUMERICAL PROBLEMS" OR "CASE LAWS" OR "PROCEDURAL ASPECTS OF DT" such as forms filing procedure of return etc.?