interest paid to bank rs. 15000 in connection with overdraft
obtained for paying dividend.
- 1 Answers
- 4459 Views
- I also Faced
- E-Mail Answers
Answer Posted / Pratik Kumar
The interest paid to the bank for rs. 15000 in connection with an overdraft obtained for paying dividends may be considered as a deductible expense under certain circumstances, subject to the Income Tax Act provisions. However, it's advisable to consult with a tax professional for accurate information.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
What will be the planned expenditure in the budget 2009-10
The CST assessement for the FY 2006-07 is completed on 31-3- 2010 and the same is received by dealer on 22-4-10. The question is that the dealer colud not produced the original H Forms at the time time asst. except the photostat copies filed. But the CTO not allowed and calculate tax at net 4% on H Forms turnover. CTO is saying that it is time barred by 31-3-10. Therefore even after produced we can not revise. We filed with case laws that it can be revised But when it is time barred it canot be. Therefore I request You to help the dealer ANYCASE LAW is there in the above case Pl. guide us.
HOW MUCH PENALY IF SALES TAX IS NOT PAID ON DUE DATE IN HARYANA SALES TAX
Please let me know the depreciation rates.... com 2011-12.... Vechicle - Computer - Furniture - Tel instrument -
What are the procedures for remitting WCT?
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
what is rate of different service tax in haryana
how & on which amt tax should be calculate on pvt ltd company or ltd company
Please some one tell me what is the VAT or WCT rate for works contract at Tripura
service tax
what was the VAT rate on inverters(home ups) in karnataka on 2016??
I AM SAKTHIVEL,MY QUESTION IS 1.WHAT ARE THE LEDGER TO BE MAINTAINED FOR SERVICE TAX 2.KINDLY EXPLAIN WITH EXAMPLE FOR PURCHASE ALONG WITH SERVICE TAX 3.SALES ALONG WITH SERVICE TAX 4.IN TALLY E.R.P HOW I GROUP THE LEDGER 5.GIVE NECESSARY JOURNAL ENTRY FOR ALL SERVICE TAX RELATED TRANSACTION 6.ANY OTHER IMPORTANT NOTE U WISH TO INFORM ME 7.HOW I CROSS CHECK IT ### PLEASE HELP ME REGARDS SAKTHIVEL
come'?
Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.
please provide to us the rules of wct in andhra pradesh (Hyderabad)
