How to calculate WDV on block of asset pertaining to following case ?

Block - III Plant and Machinary

WDV (asset-1 and 2) 1-04-2008 Rs 75000-00
Sales Asset-1 (Opening WDV Rs 65000)for Rs 80000-00 on 1-08-2008

Purchases 1-09-2008 Rs 90000-00

Is there any prifit on sale?
How to treat that profit?

Since mr. pranav mukharjee has abolished FBT on expenses. Post budget what will be income tax liability on reimbursment of petrol bills & driver salary & who is supposed to pay ( employee or Employers ) and what rate of taxes will applicable.

regards & thanks


( vinod K Jain )
Manager - Accounts
Select Citywalk,
New Delhi

Hi,

I joined my current employer on 15th April 2009. I got Form 16 from the current employer. Also, current employer has deducted the applicable income tax for the period 15 April 08 to 31 March 09. I also received Form 16 from previous employer. My previous employer has not deducted on my income.

The Form 16 details are as under:

Current Employer(15 April 08 to 31 March 09):
Total Income: 453980
Total TDS: 47170

Previous Employer(1 April 08 to 15 April 08):
Total Income: 12500

[a] How much tax I need to pay now?
[b] While filing the IT Return form, under which section should I claim the income from my previous employer? should I claim it as my other income or directly add to my total income ?
[c] Which challan should I used to pay above tax?
CHALLAN NO./ITNS 280 or CHALLAN NO./ITNS
281

I am refering to IT challan numbers mentioned at:
1. Go to https://onlineservices.tin.nsdl.com/etaxnew/Index.html
2. Click 'Please click here' link.

Thanks in advance,
Nilesh

My income consist of some commission and stipend which income from other sources, but in form No. ITR-1, the income from other sources is divided in only two category interest and pension.
What to do

Dear Sir,

I want to ask that a party to whom we are selling the seat belt is giving a rejection bill on which that party is not charging the CST amount only excise duty is add into the basic amount on that rejection bill.Should we debited the cst amount on that rejection bill in case when party is not taking the cst amount on that rejection bill

Plese help me.

Thanks & Regards

vandana

Dear members

We r a properitor ship and fringe benefit tax not applicable on us till finance bill 2009.we were providing perks like telephone and petrol to our employees..but now fringe benefit is removed..now my question is that our firm has no libilty for FBT as removed then emplyee has to pay tax on that perks or not??

Assess being an Individual is having 2 projects eligible for deduction U/s. 80 IB (10) & maintained separate books of accounts for both the projects as required by section 80 IB & also doing civil construction business gross total receipts for both undertakings & civil construction
business for F.Y. 2005-06 were as follows:

Undertaking I 39,49,000/-
Undertaking II 39,31,365/-
civil construction business 38,66,777/-

Assessee has submitted audit report as required U/s. 80 IB (10) in form No. 10 CCB for both the undertakings & paid tax on Presumptive basis on receipts of civil construction business @ 8%

A.O. has passed order u/s. 271B for non filling of audit report U/s. 44AB as the intention of A.O. is that the total receipts from the civil work/builder & developers business was above Rs. 40 lacs.

Please advice accordingly & provide case laws for appeal (if any).

We received rectification order from Deputy Commissioner of Sales tax for the year 2000-2001 on dated 16.06.2009 alongwith a Demand of Rs.1093286/-against Central sales tax,we want to submit an appeal before the Joint Commissioner of Sales Tax as per the appeal officer the appeal should be submitted with in sixty days from the date of communocation of order received, but as per concerened sales tax officer who raise the demand notice as mentioned thirty days which are the correct days? thirty days or sixty days? in the mean time we have submitted stay letter dated 06.07.2009 to the concern STO.As per STO appeal should be submitted with in thrity days,please let us know the exact days fir submission of appeal.

dear friends ,
what are the registers a private limited company has to maintain as per sec301 of companies act . pls explain in a simple term

When a senior employee is appointed as an alternate director to a foreign director will the provisions of sec 314 be attracted? There is a 1964 DCA circular confirming this, but is there any more recent ruling on this?