If a new machinery has been installed and capacity increases....will this increase in capacity have any effect on calculation of depreciation us 32
Sir,
Assume the case details is as following:
My mother has earned , in f.y.2013-14, Rs.60,000 as income from home based labour work.(labour work=She makes papad,aaloo sev etc. for customers from material given by such customers.)
She did such labour work for first time. And now she is not going to continue such labour work in current year or in future years.
Q.1}
Under which head should such income be shown in her I.T. return?
Q.2}
Is such work considered as service provided ? Or profession?
Q.3}
Will she have to get registration for providing such labour work(service) ?
And will she have to submit any returns or reports periodically?
Please, share your opinion.
As a Transporter using Tally & as per the Mercantile basis we consider our consignment note issued date as income. whereas the consignee/consignor bookes our consignment note as their expenditure only on receipt date of our bills.Thus the ledger of both the parties differs on 31.3.14. Kindly suggest the right procedure.
WHAT ARE THE RESPONSIBILITIES OF AN AUDITOR IN A CASE WHERE AFTER THE STIPULATED PERIOD AS MENTIONED UNDER SECTION 205A OF THE COMPANIES ACT , AMOUNT HAS NOT BEEN TRANSFERRED TO 'UNPAID DIVIDEND A/C....' BY THE CONCERNED COMPANY
Hello all, I work as a company secretary management trainee in a steel manufacturing company,mumbai! I get rs 8000 as a gross stipend amount every month, I just wanted to know that do I am liable to pay professional tax out of my stipend amount? m I liable to pay professional tax out of my stipend amount, but I am just a trainee out there! every month my employer deducts some amount as a professional tax from my stipend. what to do? pls help
Hello , sir
One of my client has some proprietary business and at same time he is one of the partner in finance firm, there from he would earn some salary and periodical profit as well, thus his income includes business income and profit & salary from partner ship firm and also there is a chance to get some rental income on his property by letting out his property in future. And what query is which ITR form does applicable to him i.e., ITR-4 OR ITR-3( because his income includes share from firm)
I was doing ni there it was written as per reserve bank of India act no one can issue bearer instrument other than it own. then hoe the cheques are in bearer form. please help really confused
Hi,
I would like to know my organisation is about 1 year old and i am into advertising, 90% of business will be with VAT and i will have about 10% with Service Tax, I have not registered for service tax so far, Now i am in my second year of operation and my total service invoice last is less than 3 lacs. Please guide do i need to register now or can i wait till i reach 10 lac of service billing for service tax registration,
Thanks
Can anyone please upload/provide me with section 43(5)(d) of income tax act. and briefly explain speculative trading taxation in NSE.
Thankyou
Comparision between companies act 2013 and the old company act relevant for exam in Nov 2014
Depreciation