One of the industries in my town has been closed down by court order during the year 2011-12 and it has been resumed during the year 2012-13. The operations of a company belongs to that industry has been started from November 2012 only. So it is of the view that the Depreciation is deductible only at half of the rate of normal rate of depreciation.

Please any one clarify that the depreciation is allowable at full rate of half rate for the year of resume after shutdown ?

Is there any case law in this regard ? please mention some case laws, if any

I have filed Income Tax return of my cousin as on 19.02.2013 for the AY 2012-13, but by mistake i didn't claim TDS of Rs.1350.00 deducting u/s 194A.
Can i claim TDS & how ?
can i file request u/s 154 for claiming refund & how ?
if yes then what will be the procedure?
Please Sir/Madam send me reply as soon as possible.

Dear Experts,

Can you clarify on the following:

Expenses like House Keeping, Security,Bus hire charges etc( Where 194 C applicable) for the Months of Dec'12 Jan'13, has been accounted in Mar'13. ( Due to non receipt of Bills and other operational problem)

TDS on the same has been Deducted in mar'13 & Paid in before of 7th Apr'13.

Now Is there any default on my part as i have not deducted/Paid TDS in Feb'13 as we have to maintain books as per the accrual basis of accounting.

Should i TDS along with interest if Yes ? how much 1.5% or 1%.

Due to some unavoidable circumstances, I could not submit my IT return for the financial year 2009-2010. In that year, supplier had deducted a TCS of Rs. 35,000/- on supp;y of 35,00,000/-. Now I have received a notice from Income tax officer asking me explanation for the same.Of course, it was my default and negligence. But sir, how should I explain now ?

Whether there is any difference between COS & Cost of Consumption?
If yes, then give a suitable example & if no then also provide the reason.

Is interest paid on unsecured loan to related parties allowable expense ?

I HAVE RECEIVED A INTIMATION U/S 200 OF INCOME TAX REGARDING DEMAND FOR LATE FILLING OF TDS RETURN FOR Q2. I AM READY TO PAY.

MY QUERY IS ,

WHAT IS NATURE OF PAYMENT AS MANDATORY TO MENTION IN CHALLAN. SO PLEASE TELL ME THAT WHAT TO FILL IN THE CODE CATEGORY.

authorised capital 170000 x 100 =17000000
paid up capital is 86000 x 100 = 8600000

but during form 2 by mistake 686061 shares of rs 10 each was further alloted

so total paid up capital now is 15460610 as i considered 860000+686061 =1546061

now what should i do???
its urgent

Dear sir,

I filed my income tax return by paying a tax of Rs.9000 for the AY 2010-11 . The return was filed within the due date (30-09-2010)since i am an director of a company. Now i want to revised my income tax return and net tax liability has been increased to Rs.180000 . should i need to pay Interest u/s 234A?

A company under liquidation has property at cost price stated in books at 1.20 crs. It sells the property at 1.60 crs. On this transaction it may have to pay capital gain tax and then the available proceeds can be distributed to equity stake holder after settling the other liabilities.can this capital gain can be saved? since it cannot invest in bonds u/s 54EC as it is going to be wound up.