Sir,in case of the proposed section of presumptive income for professionals,why has the gross receipts limit in the section kept 1 crore though the audit applicability is 25lakhs?

WETHER ADDITIONAL DEPRECIATION IS allowed to power generation units which follows SLM basis of depreciation? Actually as per VK Singhania sir, only those units are eligible for additional dep which follow WDV method, But I have another book by Nitin Jhaveri, which says power generating units can claim additional dep irrespective of method of dep followed, whether WDV or SLM. KINDLY clarify the same.

One of my client has to remit certain amount to Australia as professional / technical fee.
What is rate of TDS under DTAA or IT Act..
Which article apply.

please guide as to how I can claim this refund online as I couldn't find it.

what would be the best tax system which leads boon of Indian Economy

Dear Experts,
If an INDIVIDUAL assesse has

turnover- Rs.85,00,000
total income from buisness or profession Rs. 3,15000
deductions under 80C - Rs.70,000
Net taxable income-245000 for the A.Y 2015-16
Then is he Liable for TAX AUDIT ????

in section 54b if i sell an agricultural land in urban area and again buy an agricultural land in rural area,i will get the benefit of exemption.But my question is that can i sell that agricultural land in rural area within three years and will my earlier exemption be cancelled? But as agricultural land in rural area is exempt so how does it matter if i sell it within 3 years?

What is the difference between Overseas financial organisation mentioned in section 115AB and Foreign institutional investor as mentioned in section 115AD? Please give an example of each.

IN WHICH ITR I AM FILE IN SALARY + COMMISSION INCOME

TDS IS DEDUCTED IN COMMISSION INCOME ,

COMMISSION ONLY RS.31000/=

Dear expert,
LDC = Lower Deduction Certificate
LDC limit RS. 26,12,90,000/-
LDC Period : 30/4/2015 to 31/03/2016
LDC printed date : 25/10/2015
LDC received date : 01/11/2015

Period TDS Rate Expense booked Payment made
01/04/2015 to 31/10/2015 2% 192701217 155719862
01/11/2015 to 31/12/2015 0.87% 76903268 60688196
01/01/2016 to till date 0.87% 12686235 26623600
Total 282290720 243031658
Limit 261290000

Now my question is we have considered lower deduction on Apex. 9 crore and limit is Rs. 26.12 crore but if we consider period from 01/04/15 limit exceeds Rs. 26.12 crore, so should I start deducting tds @ 2%??? If yes from which month January or February??

Please reply it is urgent…

Thanks in advance