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Abhishek Kumar
07 May 2014 at 11:22

Depreciation applicabilty??

Dear Experts,
I have purchased a Laptop worth Rs 50,000 in CASH in the name of the Firm..Can i claim depreciation of such Assets..???

Pls Suggest !!!

Regards


Natasha Mourya

Dear sir/Mam,
I have a client who used to get his ITR returned by his lawyers unfortunately his lawyer expired back some days, He has no documents as a acknowledgement for any year. I try to reset the password & send plenty of mails with correct details to valiadate@incometaxindia.com but received no response at the same time I had discussion with customer care he said go to forget password option fill Bank Account No & give acknowledgement no. of A.Y 12-13 or 11-12 which my client doesn't have..I want to know is there any way to get acknowledgement no becoz I have all details except it that's why I m unable to reset it....What should I do...


RAKESH SAH
07 May 2014 at 10:51

Tds on overseas vendor/supplier

WE HAVE TAKEN A SERVICES OF EURO-9000/- IS ANY TDS RULE APPLICABLE IN INCOME TAX OR NOT.



Anonymous

Dear All,


what are TDS Rate on Catering if Individual provided lunch & dinner in our company with also one person who served the foods, Invoice details are:- lunch & dinner Qty 1486 x 35=52010 + 3859 ( Service Tax @ 7.42%)

total Invoice Amount = 55869, So Kindly Advise me, is TDS Applicable & rate


ROHIT SHARMA
07 May 2014 at 10:50

Direct entry artical problem

MY SELF ROHIT m going to seat in IPCC in november 2014 as direct entry rule, as per rule if i will complete my 9 months artical means feb 2014 - oct 2014 then i will seat in exam. so i was join artical on 30/01/2014. but problem is that.......

my principal dead on 22/04/2014 and m join to another firm ....today dated 07/05/2014 m get the news and the firm is propritor .....so if i will join new firm then i required new deed that i will get till 10/05/2014....so if i join from 10/05/2014 .....then how i will complete my 9 months artical..........PLEASE HELP ME.....


R KALYANA SUNDARAM
07 May 2014 at 10:37

Ca admission regarding

Dear Sir,

My cousin is going to join in commerce group (+1). can we enroll now itself for CA classes ?

please provide detailed procedure to do better.

Regards
R Kalyana Sundaram



Anonymous
07 May 2014 at 10:24

Advertisement expenses- urgent

How to treat advertisement expenses? Actually we are event management co. On events such as educational fair we use to give ads on papers. It should be of direct or indirect nature?


dileep kumar kadambala
07 May 2014 at 10:19

Income tax refund

Dear sir kindly tell me what i can do now....

We have a partnership firm providing consultancy services. we have filed a I.T. Return in A.Y. 2008-09 with a refund of Rs.4,80,000/- but until is was not processed and refund not yet received. recently we have contacted with CPC Bangalore in phone call and they said that in that year we have not received the acknowledgement copy bez that was the first year of online filing, so u have to contact with assessing jurisdictional office at income tax office.

Thanks in advance.


R R JHUNJHUNWALA
07 May 2014 at 09:22

Long term capital gain

I Have two residential flat in mumbai one on rented and another i use for self living. My question is i have already sold rented house property in march 2014. and purchased a new residential property at rajasthan using capital gain amount. I also want to sele second house which i have use as a self occupied house. please suggest that this long term capital gain can i use to construct in purchased rajasthan house or i shall purchase new one. If i purchase new one than it is ppssible to claim thos LTCG because i have already one residential house. how i calculate indexed capital gain if i paid to builder as per their demand letter according to conatruction linked. please help Regards


PAI

i have let our two godowns to AGRICULTURAL PRODUCE MARKETING COMMITTE ESTABLISHED UNDER THE ACT OF KARNATAKA TO SAFEGUARD INTEREST OF FARMERS THEY PROCURE PADDY MAIZE WHEAT ETC MARKET AND STORE THE SAME ON BEHALF OF FARMERS AND GOVERNMENT. FOR THIS PURPOSE I HAVE LET OUT TWO GODOWNS WITH MONTHLY RENT OF RS 4 LAKHS LET ME KNOW WHETHER I SHOULD COLLECT SERVICE TAX IF NOT IF THEIR IS ANY CIRCULAR TO EXEMPT THE COLLECTION PLEASE GUIDE ME






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