Unsecured interest is lible to due conjecture?
some time supplier chrge interest because of late pay of bill, is this interest is lible for TDSAnswers: Any interest payment is subject to TDS. The TDS rates are given surrounded by the web site.
Find TDS on interest within S.No.2 Interest (Sec. 194A)
http://www.incometaxmumbai.nic.in/taxpay...
Is it possible to make a contribution a $10,000 endowment to respectively parent and write it bad on taxes?
I know that parents often do this but we would resembling to give our parents $20,000 for a downpayent and wonder if we could donate each $10,000 (for toll purposes).Thanks for any help.
Answers: You can make available a gift, but no you can't write it sour on taxes. Parents giving gifts to children can't deduct it any. The $12K limit for a contribution from any one person to any other creature is the limit where on earth the giver doesn't own to file a endowment tax return - if they are over that restrain, they might have to PAY a payment tax. But giving gifts isn't deductible, no thing who you are giving them to unless it's to a registered charity.
You can give your parents a one time duty free gift up to $60,000. You can check it out yourself on their website, they can't touch one cent. All it take if a few forms and a quick trip to your mound and notary.
Experience accountant, share ur belief pls?
We can claim capital works of 2.5% (in indubitable condition) for rental property.. How about a business that didn't own the building? A business who have installed built-in wardrobe, treatment of this depreciation or 2.5%?Answers: If a lessee performs leashold improvements (eg, wardrobe, carpets etc) later it is entitled to depreciation at the rates relevant to the item installed.
I'm an experienced accountant but I'm sorry, your question doesn't bring in any sense. If your business doesn't own the building and didn't incur the construction costs, then it's not going to claim the wherewithal works deduction. The wardrobe isn't sector of the construction. If this is important to you consequently you really need to spend some money on a qualified due accountant (CA or CPA) to give you the right counsel pertaining to your circumstances. Find an accountant who speaks your language so they take you. Good luck :)