All members to i requested please provide me complete union budget for the year 2015-16.

Section 32(1) (iia) of Income Tax Act, 1961, which provides for additional depreciation of 20% is amended to provide that the balance 50% (i.e., 50% of 20%) of the additional depreciation on new plant or machinery acquired and used for less than 180 days which has not been allowed in the year of acquisition and installation of such plant or machinery, shall be allowed in the immediately succeeding previous year. [Applicable from A.Y. 2016-17]

PLEASE SOMEBODAY CLARIFY ABOVE WITH EXAMPLE

Dear members please help me in the following queries regarding partnership registration
1.)For registration of a partnership firm an affidavit is required. Below I am reproducing the lines. Please explain me this affidavit (I found this specimen copy in the delhi gov website http://www.delhi.gov.in/wps/wcm/connect/DoIT_Industry/department+of+industries/home/public+service/specimen+of+affidavit and i have a strong doubt that this is not the correct format of affidavit as required under the act), why it is required and what is to be filled in each blank column, particularly i want to know the meaning of querijing jamuna - : "Affidavit of all the undersigned on solemnly affirmation and declaration : 3. We, the undersigned are the equal shares holder of land area measuring ___________ ________________ of _________________ situated at the revenue estate of _______ _____________________________________. 4. That we have no objection if the permit for qurejing Jamuna and is granted in the name of _____________________________ son of _________________________________, Resident of ____________________________________________________ by the concerned authority who has also the equal shares in the aforementioned lands. "

2.) Further there is a requirement for address proof, which may be in the form of rent receipt/rent agreement etc. My question is, when an entity is yet to be incorporated (i.e it is not yet incorporated that’s why we are applying for registration) than how the firm can enter in a rent agreement with someone?

3.) I heard from my professional circle (CA students) that in practice very few persons register their firms with registrar of firms & societies. And such non-registration did not affect its legal existence if they had a partnership deed duly notarized by competent authority. Same partnership deed can be used for obtaining PAN, Service Tax Registration No. and VAT Reg (without going for registration with registrar of firms). Is this true? Also is this is correct that a non-registered firm can not sue its debtor or partner even if their partnership deed is notarized?

4.) The partnership firm which is to be registered will provide architectural service. The place of bussiness is situated in a residential area. Actually it is one of the house of a partner, so is their any legal restriction in delhi if they do carry out such proffession in residential colony?

As I am filling up my membership form; i had a doubt about the contribution to CABF... so can u please ensure me that Whether contribution to CABF is mandatory or not?????

Thank you...

What is performance of contracts?

Hi,

I am an NRI from Canada. I need to register a proprietorship firm in New Delhi for conducting multilevel marketing.

What is the process to do it and what registrations do I need to apply for to get the same?

Would the income earned by subject to any service tax or VAT?

CAN A RESIDENT RECEIVE "GIFT" AS CASH FROM CLOSE RELATIVE WHO IS A NRI UNDER FEMA?IF YES HOW MUCH? AND UNDER WHICH SECTION OF FEMA?

hi friends, if my costing books shows closing stock of finish goods of rupees 40000 and my financial book shows closing stock of rupees 60000...is my closing stock overvalued by rupees 20000? what's the logic behind that if reconciling the profit as per cost record with the profit as per financial records.

Sir,
Please let me know the the process for closure of Charitable Trust in Chennai.our reason for closure is that we not able to get any donations. Who Should be informed about the closure?Is there any particular form to be submitted before the concerned authority.

what is included in "Payment to and provisions of employees" of schedule 16 operating expenses in a banking company?