Dear Sir,

we are reseller of cosmetic product im Maharashtra , now we want open our branch in gujrat & Punjab, so kinldy let me know the rate of vat for gujrat & punjab state.

thanx

Mohini

Dear sir/madam


greetings of the day

someone kindly tell me whether balance sheet prepared under schedule vi is required to be file in income tax department along with the retun. if not when it should be filed.

thanaking you
ca ashutosh

Dear Experts,

A person is having proprietorship firm ABC and he is also a partner in a Firm XYZ.
If a machinery is purchased in name of proprietorship firm and on same day of purchase the proprietor wants to introduce that purchased machinery in the partnership firm XYZ as his capital.
Then in such case who will claim the benefit of depreciation XYZ or ABC.
In my opinion since Partnership Firm XYZ is using that asset therefore XYZ should claim depreciation benefit. But at the time of assessment AO will say that the bill is in name of Proprietorship firm and depreciation is claimed in XYZ.

I want to know what is the proof of ownership for partnership firm for any moveable assets which is introduced by the partner.

Regards,

Dear Experts, Kindly clarify what is the depreciation rate for commercial vehicles acquired after 1st october 2009 as per income tax act?

How much tax is applicable on sale of second hand machinery and equipments in Andhra Pradesh???

Whether tree's situated in a agricultural land is treated as agricultural land for the purpose of Capital gain calculation, when these are compulsorily acquired by the NHAI.

If a person in engaged in Business of sale of land and building along with other activities like agriculture and having souce of income classified as " other Income" i.e. Interest income, rent income etc. then income from sale of land and building is to be considered under " capital gain" or " Business Income".

Please also specify how much frequency of transaction of sale and purchase of land and building is required to classified as business income?


Thanks

Hi After completing group1 of Ipcc and 1year of articleship due to some reason I'll have to quit the course.... is it possible for me to do so and obtain ATC certificate as I've not enrolled for it during the registration of IPCC? If yes please let me know the procedure for quitting and obtaining the certificate at the earliest....

Kindly intimate whether form 'c' can be issued to supplier/ customer for taxable amount or gross amount. For your information some supplier want the form c for gross amount, we are issue form 'c' in taxable value but they are not accept the form 'c'& return the form for gross amount.Kindly inform us whether the form 'c' issued to supplier for taxable amount is correct or wrong

Dear Sir

During the 4th Quarter my employer has deducted excess tds of rs. 10000/- from my salary & the same has been shown by him in his TDS return (24Q) during the FY 2013-14. Now Can I claim refund of the excess TDS deducted by my employer by filing return of income.