28/06/2013 Wdv Rs180000 sale of all machines in the blk Rs200000 purchase of machine 22/12/13 Rs200000 what will be closing value of blk before depreciation, and whether capital gain will arrise or not.?? ignore depreciation.

I am working as Group-D Employee under West Bengal State Government (Department-Irrigation & Waterways Directorate) since November2012, So that my monthly as well as yearly Income is not upto the mark i.e. less than of Taxable Income. For this reason, my seniors was confused to issuing Form-16 in favour of me as Non-Taxable Income.

I know well to issuance Form-16 for each and every employees where incomes are Taxable and it is mandatory also but as per my knowledge it can be also issuance Form- 16 where incomes are less than Taxable with below mention statement by Employer or Office Authentic Person in Last page.

I.(Emplo yer or Office Authentic Persons Name) ,son of (Father Name of Employer or Office Authentic Persons Name) do here by certify that a sum of Rs. 0.00 (NIL) has been deducted and deposited to the credit of the Central Government. I further certify that the information given above is true, complete and correct and is based on the books of accounts, documents, TDS Statement , TDS deposited and other available records.

Please confirm and clarify its can be issuing Form-16 for employees where incomes are less than Taxable or not.

N.B:- When I was working in Private Finance Company that time our A.V.P of this finance company was issued Form-16 in favour of me as per systematic whereas that time my Annual Income was also Non-Taxable like now and mentioned statement like above as yellow mark with Seal & Sign definitely.

Hi All,

I am looking to set up a company outside India. Please let me know what is the better route for making such investment i.e. under




1) Liberalised Remittance Scheme (LRS) by Resident Individual (max limit of USD 125,000/- p.a.)




OR




2) Overseas Direct Investment (ODI) by Indian Company (max limit of 400% of Net worth)




Please guide me what is the better route of making the investment for setting up of JV outside India.




Also from tax point of view, what is better, keeping in mind the repatriation of funds back in India.




Thanks in advance.

A courts order in Aug 2014, decided that rent has to be paid at Rs.23,293/- w.e.f 01-07-2011. Till then rent was being paid at Rs.8,470/- and no tds was made as it doesnt exceed the limit. Now, Rs.563274/- {(23293-8470)*38 months}has to be paid. whether TDS has to be made now on the total amount and revised return for all the quarters to be filed?? if yes, what is the benefit for payee as he had already filed his returns for those financial years...

Sir,

I have uploaded the 3CD form in wrong format and the assessee has not approved it yet.

Can i reject it form the Assessee' portal and upload it again or there is any other way to upload the new form.

Pls reply its urgent.

I am availing standard deduction U/S 24(a)from the rent received by letting out a shop. Can I also avail depreciation u/s 32 on the same shop also.

Mr. A and Mr. B are brothers. Both have immovable properties. They decide to exchange the ir properties/ forego some interest in others favour. Mr. A proper cost Rs. 5 Lakh and Mr. B property Cost at present is Rs. 2 Crore. what will be the tax implication? what sections of the relevant act are attracted?

Can Company claim losses When ITR filled after due date. Next A.Y Company have a profit Can this Profit is set off. against P.Y Losses

SIR/MADAM

EVERY ONE KNOW THAT THE DATE OF AUDIT REPORT FOR THE ASSESSMENT YEAR EXTENDED TO 30-11-2014. IT RETURN FILING DATE i.e SEP-30 NOT EXTENDED IN THE NOTIFICATION OR THE NOTIFICATION IS SILENCE ABOUT THE IT RETURN FILING DATE. ONE IMPORTANT THING IS THAT DATE OF UPLOADING OF AUDIT REPORT IS REQUIRED TO MENTION IN THE ITR. THEN
? IF ONE NEED TO FILE THE 3CB 3CD AFTER 30-SEP, THEN WHICH DATE HE CAN ENTER ON THE CORRESPONDING COLUMN.

? IS IT IMPLIED THAT DATE OF EXTENSION OF AUDIT REPORT ALSO MEANS THE DATE OF EXTENSION OF IT RETURN FILING.

PLEASE HELP ME TO SOLVE THE CONFUSION.
URGENTLY
THANKS IN ADVANCE

My Client's husband has been a MLA and has expired after service nearly 10 years ago, my client has been receiving the family pension since then.

family pension being taxable under IOS.

can we claim exemption u/s. 10(10A) for a commuted pension received this year.

or as there is no employee and employer relationship + the husband has expired after service, will it become fully taxable under Income From Other Sources?