Can anybody please tell me that whether additional depreciation should be claimed only in 1st year or it can be claimed in subsequent years as well?Please reply.

can u tell me expert what total deduction to be made in a.y 16-17

Is there any penalty attracted if we donot file a nil return??Is it mandatory to even file a nil return with IT deptt??

What is 44-AB ?
What is 44-AC ?

What are the worst consequences if by the way we fail to upload the ITR after the due date in case of tax audit ?

What are the worst consequences if by the way we fail to upload the ITR after the due date in case of non- tax audit ?

If director's account becomes debit. It can be objected by which departments :-

1) Income Tax
2) Registrar of companies

What will be the compliance when director's account becomes debit.

Please advise.

Hi sir I m trying to file a rectification u/s 154 But at that time we have to provide " LAST COMMUNICATION REFERENCE " and I have mentioned the communication reference mentioned in 143(1) other then this we do not have any other reference but when I feed it the message is reflect reference is incorrect. now how can I rectify my return? have any other way to get last communication ref. or file a rectification.

An immovable property is purchased and payment is to be made in installments. First Installment is Paid in Sept 2012. Next Installment is paid in July 2013. Third installment is paid in March 2016. No tax was deducted for first two installments. Tax was deducted in March 16 installment for July 13 and March 16 installment . Tax so deducted was paid on 15th April 2016.

Does Tax needs to be deducted for each installment u/s 194 IA or at time of registry ?

Does Tax needs to be deducted even for first installment of Sept.2012 as the section comes into effect in June 13?

Interest u/s 201 is to be paid from date of deduction or date of payment of installment and at what rate ?

Late filing fees u/s 234E is to be paid from date of TDS payable to central Govt account i.e. 7th April 2016 or date of payment of installment?

Resp. Sir,

Can TDS to be deducted in following cases:

1. Aggregate Transaction in a Finance Year not Crossing Rs. 75000 but Transporter
owns more than 10 Vehicles.

2. Aggregate Transaction in a Finance Year Crossed Rs. 75000 but Transporter owns Less
than 10 Vehicles (NOT GIVEN DECELERATION ON HIS LETTER HEAD STATING
THAT HE OWNS LESS THAN 10 VEHICLES & NOT TO DEDUCT TDS U/S 194C)

Please advise.

Thanking you.
Regards

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On Traces portal we are showing with a short deduction default. Which is right as per their calculation but the reason for short deduction was due to the advance tax paid by the employee.
Please let me know how to solve this default problem.

Please let me know should we deduct TDS from auditor remuneration on the time of booking or on time of payment because normally we deduct tds on the time of booking or payment which ever is earlier but in the case of auditor remuneration the liabilities till not occur on 31st March of the FY. The performance of audit(statutory & tax audit) will be completed for company after 31st March so in that case should we deduct the TDS on the time of liability payment and payment the TDS to the department accordingly or we have booked the TDS on the time of liability booking and payment made within 30th April of the following FY.

Amit Nandy