I am corporate assesse My capital gain income arises only on Mar5 I failed to pay advance tax whether should i pay 234C for four quarters or only one quarter only?

If company(employer) (not bank) has lent me loan for the construction of house, will it repayment be allowed as exemption u/s 80c or not and what about interest payment on loan.

MY COMPANY GIVEN AMC TO A COMPANY FOR REPAIR AND MAINTENACE OF A/C . WE CHARGE TDS ON THE SAME. NOW THE PARTY GIVEN US BILL FOR GAS CHARGES , I JUST WANAN KNOW THAT SHOULD WE DEDUCT TDS ON THE SAME OR NOT . PARTY CROSS THE LIMIT OF 50000/-TILL TODAY. PLEASE LET ME KNOW SHOULD I DEDUCT TDS OR NOT . WITH LOGIC.

MY COMPANY GIVEN AMC TO A COMPANY FOR REPAIR AND MAINTENACE OF A/C . WE CHARGE TDS ON THE SAME. NOW THE PARTY GIVEN US BILL FOR GAS CHARGES , I JUST WANAN KNOW THAT SHOULD WE DEDUCT TDS ON THE SAME OR NOT . PARTY CROSS THE LIMIT OF 50000/-TILL TODAY. PLEASE LET ME KNOW SHOULD I DEDUCT TDS OR NOT . WITH LOGIC.

One business firm has not charged depreciation on fixed asests for last two years now this year this firm charged depreciation and claimed as per income tax laws. My question is that : what will be the value of fixed assests for the purpose of deprection asf per income tax laws and what will be the provision for deprectiation for the amount not chartged last two years.
Thanks

One business firm has not charged depreciation on fixed asests for last two years now this year this firm charged depreciation and claimed as per income tax laws. My question is that : what will be the value of fixed assests for the purpose of deprection asf per income tax laws and what will be the provision for deprectiation for the amount not chartged last two years.
Thanks

Company Rented out its Bulinding can he claim for depriciation in PGBP . Rent recived taken in house propert & Standard Dedution Also taken Is it is right to taken Both Standard Dedution & Depriciation.

plz tell me the income tax rates for the assessment year 2008-09 for the NOV 2008 examination

vikas

hi

plz let me know the income tax rates for the assessment year 2008-09 for nov 2008 examination

Court : Appellate Tribunal

Brief : : The assessee was engaged in the business of running a hotel. During the year under consideration it had spent a sum of Rs.7.06 lacs on construction of glass curtain wall on the front side of the hotel, which was in addition to the existing building wall. The assessee claimed that the entire expenditure was revenue in nature which was incurred to improve the look of the existing building and for trendy and better look to attract customers. According to the AO, the work done was of enduring nature and held the same to be capital in nature. On appeal, the CIT(A) observed that the expenses incurred by the assessee resulted in creation of new assets, as it was an addition to the existing hotel building.



Citation : Fition Hotel v. ITO

Judgment :

Tribunal held that there was no merit in holding such expenditure as capital in nature and it allowed the expenditure claimed as current repair

Posted by : CA.Tarun Maheshwari [Scorecard : 481]



It Should Be Treated As Capital Expenditure