When we purchases Plant & machinery we are applicable for 20% additional depreciation in the year of puut to use but when we use the same less then 180 days this plant & machinery then we can claim only half i.e. 10% additional depreciation in the year of procurement.
Can we avail the balance 10% Additional Depreciation in the next Year?

Hi, i read in TN Manoharan's material that the interest on the balance in PPF credited in excess of 8.5% is taxable u/s17(1). But some other materials like Singhania say it is 9.5% Please help as which is the correct percent

sir
is it applicable to Deposits.And very transaction taken place in bank like loan etc..

How it is Leived?And at what percentage.

some documents are printed and bill is 50000/-.on this amount Tds is applicable?
under what section? my Doubt is may be it is printing and stationary expenses.

Dear Sir,

One of my Client engaged in an opeartion of Advertising service in Printing and Electronic media.They are advertising in Gulf News published in UAE through a LLC, my client is not sure about any written contract or agreement with LLC regarding % of commission and terms of payment.In such case,under which section I insist them to deduct the tax on the payment to LLC.

Thanking you,

Dear Sir,

If an assessee drawn housing loan for construction of housing unit in the name himself and his wife , but the property registered only in the name of himself , in such case, can both of them claim interest u/s 24 - B up to Rs 150,000 for each or he can only claim deduction u/s 24 B .
Thanking you.

Hi,

I have one query in respect of Whether TDS should be deducted on charges for providing services of Tea, Coffee in the office even if we do not have any contract with the service provider. The caterer is not preparing his tea, coffee in our office premises however, he is just providing us Tea, Coffee at a fix time in the office.

i want to file my I.T. Return for A.Y. 2007-2008 with I.T.Dept. in ITR - 4. I made my computation of income, capital a/c, balance sheet etc. on plain paper but i am finding problem to fill ITR 4 form. [ i have ITR - 4 Form in Excell also ] is there is a utility / software to autofill ITR-4 Form , then please send it to my email address i.e. "mini_ishu@yahoo.co.in" I will be very gratefull to you, if you send this.

We are engaged in real estate development and for that we have recd some funds (approx. 100 cr) during april to june as application money under FDI investment in real estate. We have allottted debentures to the investor @ 4%. We have deposited the said money in Bank FD pending its utilsation for project. Till date we have acquired only land (more than 50% payment has been made). We have earned almost 75L as FDR interest. My question is whether the said income can be treated as Income From Other Sources or will it reduce my project cost? Pls reply with relevant case study.