SIR,
A MANUFACTURING COMPANY INSTALLED PLANT & MACHINERT FOR RS. 10.00 LAC IN THE MONTH OF MARCH 2014
SIR WHETHER ADDITIONAL DEPRECIATION @10% WILL BE ALLOWED IN F.Y. 2013-14 AND @10% IN NEXT F.Y.2014-15 OR ONLY @10% IN F.Y.2013-14
SIR PLEASE GUIDE ME

A land purchased 4 years before, a building was constructed on it 3.5 years later. Now the total property was sold. how to compute capital gain when the land is under LTCG & building is under STCG period?

Dear Experts,
Pls. discuss following query:

Father Mr. X gives Rs. 100000/- to his major son (Unmarried) on which son earns FD Interest of Rs. 1000/- per month.
Son has no other income.

What is the tax treatment in the hands of father & Son.
Will clubbing of income apply?

Thanks....

Pl clarify whether interest earned on fixed deposits from coop banks is taxable or exempt?

Dear Sir,
servey operation u/s 133a conducted by the department in fy 13-14. during this stock difference of rs. 45lk and cash rs 6.5 surrender by the assessee. total tax deposited.
I need ur guidence in filing ITR.
did i add stock in closing stock and increase net profit by rs. 45lk. and add rs 6.5 lk towards income from other sources.
Need your valuable advice how to deal with this case.

can anyone recieve a second hand car worth rs 650000 approx. as gift from a non-relative person without any consideration.
if no...can u suggest any other measure to show this car as gift by showing a little bit consideration in exchange.

What is the limit of E filling of return? what is the difference between annual income and gross income?

whether the provisions of sec-47(iii) will be applicable irrespective of to whom a gift is made or it is applicable only in case the gift is made to a relative

Respected Sir/ Madam

I have a question regarding house property income.

A person has a plan of constructing a 5 storey building.
He has taken loan and completed only ground floor using the entire loan amount.

Now a bank has taken the fully complete ground floor on rent.

The owner has not taken any further loan or started any further activity for construction of remaining floors.

Now my question is whether the building should be treated as incomplete or owner can take deduction u/s 24(b) ?

Please give me suggestion and please give me related case law, if any.

Regards


Pushkar Mitra

Dear Expert

I Was Files ITR-1 for TDS Refund After Due Date but i have selected section due date 139(1) . I have already Refund Amount Received. Today I have received Income tax Intimation U/S 143(1) Detail, Please Gide Revised Return yes /no