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jomit

Dear Experts ,will the depreciation on FA purchased in cash exceeding Rs 20000 be disallowed under the income tax act , i will be grateful for your timely solution..

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uday singh Negi
26 February 2013 at 19:27

Deffered tax

dear sir,

when it is needed to calculate deffered tax

deffered tax is due to timing difference but when it is needed to calculate


means is their any time bound
or
it is depend upon turnover
or
it is depend upon loss and profit of company

can newly opened company also calculate deffered tax after one assessment year




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SAURABH KUMAR KAUSHIK
24 February 2013 at 23:47

Gaar

plss explain in detail about GAAR.

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Mustafa
23 February 2013 at 15:29

Tds under section 195

Is term/tution fees paid by the student parent to the foreighn university in New York is liable for TDS u/s 195.

Also what are the compliances should be taken care of before issuing certificate u/s 15CB & CA.

Kindly provide us the reference of any circulars or guidance notes.

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surbhi jain
19 February 2013 at 15:07

Interest on investment

Please quote any of the case law where assessee is following mercantile accounting system but in order to account for interest assessee has used cash accounting system???

Whether such method of accounting is allowed or not??

If allowed kindly quote any relevant case law

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rahul
19 February 2013 at 13:01

Tds

will tds be deducted on flex printing and other hoardings. designs are provided by us. bills raised by the party include vat and no labour portion is specified. the printed material is used as advertisement. any material required is acquired by the party itself and the finished product is delivered as per our specifications. will tds be deducted u/s 194C

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Anonymous

Dear sir,
one of my clients (a partnership firm) is having a property registered in the name of the firm. The partnership firm is out of business for a long time now intends to get in to business back. The property is going for redevelopment. What should be done here to save tax on the above redeveloped property in the hands of the firm.

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balu
19 February 2013 at 12:53

Tds on motor repairing works

Dear Sir/Madam,
i am working in a manufacture company. here doing motor repair and rewinding work based on work order.My query is this work applicable TDS or Not,section etc.

Pl. clarify it.

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Rashmi
19 February 2013 at 10:38

Lta clarification

Hi,

One of my Customer has an query related to availing LTA exemption for this year fy 2012-13.

Travel date and travelers details as below.

18-Oct-2012- His mother and father travel from CHIRALA (Native) TO BANGALORE via train and the fare was - 340.
18-Oct-2012 his wife and 2 daughter also travel from Bangalore to Delhi via airline with fare of 12930.
19-Oct-2012 his parents travel from Bangalore to Delhi via train and fare was Rs. 2840.
21-Oct-2012 along with his parents, Wife and daughter he also travel from H Nizamudin to Udaipur via train and on 24-Oct-2012 from Udaipur to Mumbai and the total cost of travel was Rs. 8285.
26-Oct-2012 along his family members he travel from Mumbai to Begampet that cost him Rs. 7895 via train.
28-Oct-2012 along his wife and daughter he traveled from Begampet to Bangalore which cost him Rs. 1303.
28-Oct-2013 his Parents travelled from Secundrabad to Chirala which costed him Rs.696.

Note:
He was on leave officially from 22-Oct-2012 to 25-Oct-2012. though the 21-oct-2012 was on Sunday he started his journey from 21-Oct-2012.

Kindly help me in calculating the LTA exemption for this FY 2012-13.

Thanks in advance.

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niteshkhurana
15 February 2013 at 11:19

Tds

will tds bw deducted on flex printing and hoardings. bills given by party include vat

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