can a assesse claim depreciation for assets even though they are not used in the year for productions,in that the year there was no production happened ,but the assets are ready to use?

is there any case laws relating to this situation?.

A PROFEESSIONAL PERSON MAINTAINS HIS A/CS IN CASH SYSTEM DURING THE YEAR PARTY MAKE J V PROFFESSIONAL FEES PAYABLE & TDS IS TO BE DEDUCTED & HANDOVER TO US WHETHER THIS TDS AMOUNT IS TAKEN AS INCOME IN OUR BOOKS OR WHEN WHOLE AMOUNT IS RECEIVED THEN TDS AMOUNT IS TAKEN AS INCOME

Thanks to Mr.A.Tyagi & Mr. T.Maheshwari.

My new quary is if a company pay some amount for purchase of fire wood,which is exclusivly use as fuel for cooking of labours at site....is this expenses attact FBT under staff welfare u/s 115WB(2)(F)?

My another quary is if a company pay tips by the way of cash (driver , bearer etc)to any person (other staff) is it fail u/s 115WB (2) (O) & attact FBT.

Please answer my quary

WE ARE HAVING TDS NO. 7 WE HAVE DEDUCTED TDS IN MARCH’08 7 THE RETURN FOR THE SAME HAS BEEN FILED. HOWEVER FOR NINTH QUARTER ENDING JUME’08 THERE IS NO TDS. KINDLY CLARIFY WETHER THERE IS A PRIVISION TO FILE NIL TDS RETURN REFERENCE TO WHICH SECTION.

PLEASE REPLY

I Require information in Respect of Sections which get attracted in case of a 100% Subsidiary located in UAE, having no business transaction with the Holding Co. registered in India. I have studied and went through Sections 90, 90A and 91 but have not been able to get information on Tax implications of Business income that the Foreign Subsidiary Derives, in the hands of Indian Holding Co.
Thank You.

IS IT MANDATORY TO FILE INCOMETAX RETURN ONLINE BY AN INDIVIDUAL HAVING TAX AUDIT U/S 44AB OF INCOME TAX ACT


IF IT IS MANDATORY. THEN IS THERE ANY NOTIFICATION, IF YES PLEASE GIVE ME THE NOTIFICATION NUMBER AND DATE

respected members,

pls give information regarding the TDS on advertisement.

regards

prabhakar

whether donation fall u/s 80g is allowed as deduction,can we charge profit & loss a/c under accounting purpose.

While computing income Under Head House Property, if we are given two self occupied and one let out property then which of the two self occupied is deemed to be let out.
1) whether any house can be taken as selt occupied.
2) whether it is to be decided on tax saving basis.
pls reply in detail.

Sir,

I am working in software industry, we are buy & Selling package software, while paying to vendor we were deducting TDS@11.33%.

Now vendor is claiming, we should not deducted TDS on VAT or CST purchase only if there is service tax component in the invoice, then we need to deducted TDS@11.33%

We don't have any agreement or rate contract with vendor.

Please guide on TDS deduction.

Regards
Rushikesh.Pasar