Is it compulsory for a partnership firm (The firm is subject to tax audit)to file its return electronically ? Or whether return filed manually would be accepted ?

how to distinguish between 194C &194J while deducting tds on advertisement?refer some cases & web site to explore more.

Can hotel industry eligible for claiming additional depreciation under IT act

Sir,

I have purchase property for Rs. 5 Lac in Nov'2000, Today the market value of property is Rs.20 lac. At Present I am residing on Rental basis in Delhi.

Now, would like to sell the property and the same amount will not to be invested in other Property.

I want to know that I am liable to pay capital gain from the property or its exempt from tax.

Pls give me your valuable advice.

Regards

Baljinder Singh

Is Fbt applicabe on vehicle hiring charges & under whice section and act

Plz clarify me the exclusion & inclusion of certian period for computing(captal gain) the period of holding of an asset.[Explanation 1(i) to sec 2(42A)].

Thanks

Hi friends,

Kindly bless me with your valuable advice on the following matter in light of the limited information available.

I would appreciate a quick and professional response from your side:

Facts :

An Indian Company - A ltd
Its sister concern in Singapore - B Inc

An australian citizen (Mr.X) is rendering services to B Inc.
He is on Indian payroll, hence his salary is being paid by A Ltd.

Issues :

a) Taxability of Indian Salary in India and Singapore?

b) What is the better option of paying salary to Mr.X ---- In his Indian account, if possible to open, or in his foreign bank account?

Thanks and regards

CA Ahmer Ammar

In case an individual sells his urban agricultural land and has capital gains, the same person also has a residential property and has bought another residential house a year ago. Can the second house bought a year ago be used to claim capital gain exemption?

hi,

ny query was regarding computation of income


A retailer having most of the transac tions on cash basis, retailers need to disclose round about 5% of the turnover. But can it be furnished if there is no bank statement to support all the transactions or is it the way it is done.

turnover is around 500000
5% comes to around 25000

but the income is around 90000 to 100000

Which is the way to go about

kindly advice...

Sir,
With the obsolescence rates of Mobile Phones coming down alomost every month, would still the depreciation rates for them are 15% only?
Is there any support of case law circular to claim more than 15% rate on them?
Since the cost of mobile phones themselves are some times less than Rs.5000, what is the view on depreciation and the value at which they should be carried in the balance sheet?
Is Rs.5000 criteria applies both in the Companies Act and the Income Tax Act?
Pls provide me answer keeping both the Income Tax act and the Companies Act