Displaying all posts within 1 days


B.Chackrapani Warrier
26 April 2017 at 13:26
In Reply To :

Section 44aa - maintenance of books of accounts.

1. Section 44AA will not apply by virtue of proviso to rule 6F(1), gross receipts being less than Rs.1,50,000.

2. Specified profession vide section 44AA(1)

3. Form ITR-3. If you go by Goyal Ji, use form ITR-4

Hitesh Jain
26 April 2017 at 13:19
In Reply To :

Tds on payment of telephone expenses

I belongs to north India. Is there requirement for TDS on Telephone expenses.

Anjan S Mehta
26 April 2017 at 13:16

Revenue or capital expenditure

Dear All,
We are manufacturing foam mattresses. This year my company has decided to take bar code for the product. So, my query is :- (a) What is Bar Code & it gives benefit to the co. (b) Co has paid annual regn fees & other related charges to the agency, This amt i have to take in which head? Is it revenue / capital expenditure?

Pls explain me in details.

Thanks in advance

Anjan S. Mehta

Karthik.V.Kulkarni
26 April 2017 at 13:11
In Reply To :

12a and 80g registration mumbai

You need to fill online form 10A and you can submit hard copy with trust deed to the Commissioner of Income Tax Expemptions- Mumbai. After analysing your trust deed the concerend income tax officer will send you queries. You have to reply to the queries and get it clarified.

Any further clarifications do contact me.

Your registration will be granted in 6 months

Warm Regards
Karthik V Kulkarni, ACA
mob:8951210698

Pranjal
26 April 2017 at 13:06
In Reply To :

Nominee shareholder u/s 187

Sir, in case of nominee, the registered shareholder remains the same. Then how can we count number of members as two?


 



 

Karthik.V.Kulkarni
26 April 2017 at 13:06
In Reply To :

Tds on payment of telephone expenses

Depends on Which zone you are from, yes TDS has to be deducted for telephone expenses if you are from South India, Verizon Case law is there in support of this.

harshit gupta
26 April 2017 at 13:05
In Reply To :

Calculation of avg profit

Kisi ko Ni pta kya kaise krni hai calculation


Anonymous
26 April 2017 at 13:05

How is freelancing job for a ca

I am a female CA and got selected for a freelancing job posted on caclubindia.com. Approximately how much i can earn and whether these type of jobs are not fake??please suggest me.

JIGNESH PARMAR
26 April 2017 at 13:03
In Reply To :

service tax

Thanks sirji...!!

HARI PRASAD
26 April 2017 at 12:52

Exemption

good afternoo sir,
we are providing works contract service. And we are in the process of filing the returns for fy 2015-2016 in which we had provided servicess to
1) AP STATE HOUSING CORPORATION AND
(2)AP STATE POLICE HOUSING CORPORATION

NAME OF THE WORK:
1) MOdernization/Improvements of Outdoor stadium at kurnool
2) Construction of Teaching veternary clinical complex at college of veternary sceince
so, are we eligible to take exemption under 25/2012 notification ?
kindly educate me in this regard.


Anonymous
26 April 2017 at 12:50

Depreciation as per companies act. 2013

Dear Experts,
on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible?

Regds
Anshul


B.Chackrapani Warrier
26 April 2017 at 12:40
In Reply To :

Cash payment as per new provision

Yes. Please see section 40A(3) of the Income tax Act,1961.

B.Chackrapani Warrier
26 April 2017 at 12:37
In Reply To :

Conveyance allowance n tds

You can, if transport allowance is granted by the employer.

Abdul Qadeer
26 April 2017 at 12:37
In Reply To :

Regarding the Vat

can anyone let me know about the GST means what is the main purpose of GST

parvesh garg
26 April 2017 at 12:31

Tax for a charitable trust which is not registered u/s 12a

Is there any tax liability for a Charitable Trust which is not registered u/s 12A in following cases.

1. Its total receipts are more than minimum taxable limit lets say 5,00,000, however its net income after deducting expenses is less than minimum taxable limit 2,13,000.

2. Its total receipts are more than minimum taxable limit 8,00,000, and its net income after deducting expenses is also more than minimum taxable limit 3,30,000.

3. What If there is only corpus fund donation.

Please answer in all above three situation seprately with relevant provision of IT Act,1961.

If Income Tax wil be applicable than what will be the rate of income tax.







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