S. P. Dhammi
23 January 2013 at 20:12

Depreciation

Dear Sir,

Kindly provide/ calculate depreciation as per Income Tax Act

Op. Bal - Car 01.04.2011 - 497304
Sold in Oct'2011 - 265000
Pur New Car Oct' 2011 - 553893

Please tell the depreciation as per Income Tax Act

Thanks


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Dhaval Joshi
23 January 2013 at 11:59

About return filling

respected sir,

in return filling of ITR-4, if we r forgot to write ITR ward but address,PIN no.and PAN details are correct only ward no. is omitted and return is filed and there is no query or error in the uploading XML file..

So, my query is that is this ITR is valid or not and in future is there is query arise or not..?

Please help me for that matter and if required then suggest me for filing revise return or not.?

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Anonymous
23 January 2013 at 11:40

Itr- 1 filing after due date

As i have filed my ITR - 1 for fy 11-12 on 21.01.13 which is after due date,

But i found one mistake
in TDS column TAN no & Company name is mention wrong

- amount is correct

& my case of 100% refund of tax

so now how i will change this detail

online revise is not possible

please answer asap

Thanks

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Anonymous

ITAT has given favorable order and the demand is reduced to NIL. In this situation whether the tax recovery officer has power to say that "in the event of reference application/tax case filed before the Hon'ble Madras High Court by the department" the attachment cannot be lifted if so under what provisions the tax recovery officer can not lift the attachment.

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Anonymous
18 January 2013 at 15:28

Cost of acquisition of shares

Mr. A took a loan of Rs. 100000 @ 12% interest and invested the same in shares. Whether interest is to be added to the cost of shares for the purpose of 'cost of acquisition of shares' under the head 'Capital Gains'. Please provide a case law if any.

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Kanhaiya
17 January 2013 at 16:54

Huf and individual

Sir,
I want to ask that if proprietor of a shop, creates HUF then,
1. Whether he has to change the name of the firm?

2. Whether after creating HUF, he would file return with his own PAN number as individual or through HUF PAN number?

3. Whether he can file nil return as indivdual and pay taxes as HUF?

Thanks & Regards
Kanhaiya Garg
CA-IPCC
Nangia & Co.
Dehradun

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Anonymous
16 January 2013 at 20:16

Refund

i am a civil contractor and tds deducted as per rules but some agency/govt. dept. did file tds return, only they are depositing tds in the bank.

when i asked them to file tds return they ignore my questions and tell what to do instead of tds return ?

then i realize that if i take that tds amount by cheque direct deposit in bank as advance tax, credit will seen in my 26AS statement.

but when i file income tax return,dept send refund only tds return filed amount not total amount !!

so, please kindly help me to collect available tds and also give suggestion for future

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Kapil Ramesh Khivansara
16 January 2013 at 16:42

Deduction u/s. 80ia(4)

Whether benefit of section 80IA(4) is available to a partnership firm, if yes please clarify with relavant case laws.
Thank You

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Anonymous
14 January 2013 at 19:33

Capital gain

I have purchased land in 2007, and now i wanted to sell this land this land is used for agriculture purposes, but this land located in Municipal Corporation area,

I have a query whether this will attract a capital gain, if yes the option available with me to save taxes.

If i purchase another land for purchase of another land can i save tax.

Please reply, thanks in advance.

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Anonymous
13 January 2013 at 09:29

Tds

Have we to deduct TDS on commission paid to indenting agent in Pakistan.If yes then how much.The agent does not have office in India.

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