EXPERTS PLZ. CLARIFY FROM WHICH ATTEMPT THE DTC IS APPLICABLE IN FINALS?

any one clarrify my doubt

1. can the landlord claim any amount paid to vacate a tenant as cost of improvement while selling property.

2.Is the tenant liable for incometax if any amount is received from landlord

1) As per Sec. 32 of Income Tax act and rule 5(1) wind mills are eligible for an accelerated depreciation @80% under the head plant and machinery, without option.
2) As per the ‘ Guidelines for Generation based incentives’ issued by the ‘Indian Renewable energy Development Agency’ established under the control of Ministry of New and Renewable Energy, Government of India, now, from 2009, every new Wind mill owner has to get registered with the Agency for claiming Accelerated Depreciation or Generation Based incentives. They have now made it optional and both cannot be claimed at the same time.
3) Thus now the situation arises that if the Wind mill owner goes for 80% depreciation as per Income Tax act, they cannot claim Generation based incentives.
4) But the assessee intends to go for Generation based incentives. So what will be the position of Depreciation under income tax act? Can the assessee go for 15% general rate of depreciation applicable for regular plant and machinery?
5) Please provide your valuable opinion at the earliest.

Hello,

we are into logistics business incurre cost of freight charges which is Air Freight that again consists of following factors

Basic Freight(Tariff)
(Fuel Surcharge,Surcharges,X-Ray Charges)there are taxes that airline charges

So do we need to deduct TDS u/s 194C only on basic freight or freight including other surcharges also mentioned above.

Please revert.

Thanks,
Prashant

what will happen if a person forgots to pay advance tax or any of its installment or is unable to do so for any reason like out of india during that period etc.

plz reply soon...

Can anyone provide me the profession tax slabs for Andhra Pradesh,Gujarat,Karnataka,Kerala,
Madhya Pradesh,Maharashtra,Orrisa,Tamil Nadu,Jharkhand, Rajasthan
for 2010-11 and 2011-12 asap.
Thanks

My client was a director and shareholder in a pvt ltd company. My client wanted to leave the company because of mis-management of funds and improper working of other director (who is also the managing director). My client resigned from the directorship and also transferred his shares to this director. In return, my client was offered Rs. 20 lacs.

dEAR sIR,
WHERE WOULD THE CREDIT CARD INTEREST AND ANNUAL FEE & OTHER CHARGES LEVIED IN THE CARD BE PLACED IN THE p&L STATEMENT AND ALSO WHETHER THESE indirect expenses debited from P&L
Thanks in advance

Dear Sir,

Can any body tell me regarding interest paid on housing loan is treated as "cost of acquisition" while transfering the capital asset to avoid capital gain

I have not claimed this interest anywhere for deduction under income tax act

Thanks

Shrishail

My query is related to PAN Card.
Following message is displayed when applicant status is checked on NSDL." Applicant's first name/middle name/last name contain initials/special characters".

But a person cannot change his name in order to get PAN Card from the IT dept.

Would request if some one has a remedy for such situation.