I am having Fleet of vehicles and I use BPCL Petrocards for fuelling refuling the same on regular basis. On every fuelling i earn some petromiles and the same gets accumulated. Recently i have redeemed the amount. Say Rs 10,000/- . The same is credited under Rewards in BPCL Portal.
Further the same amount can be only used for further fuelling.

Shall i treat the same as Other Income. As the same at end of the day will be utilized and the balance will be Zero

What is the Depreciation Rates for Trucks?

Especially I want to Know the 32 feet Multi Axle Truck Depreciation Rates for 5 Years as per the Indian Government Norms.

Drop your Comments in Personal Blog:

https://www.fr8.in/ (or) https://www.fr8.in/blog/truck-depreciation-rates

Assessee having only Salary and other sources Income
He is having Interest on F D and also taken loan against F D.
Whether Interest paid on loan can be deducted against interest earned on F D

Can interest paid be more than Interest earned and the difference can be deducted against other income ?

Please Clarify:

What exactly is the difference between Catering Serivce and Supply of Food?
If food is supplied to a company for employees will it be treated as catering service for 194C?

Dear Sir,
Kindly let me know the procedure to get refund from mca v3 filing of dpt3.

Thanks in advance.

Whenever we interfacing we found all sales invoice in invoice mode. When we want to alter the entries against the references we are forced to change into JV. Now what we request is how can we enter our references in the invoice without changing the mode(Invoice mode).

Sir,
I filed 10BD in Assessee portal. I got aknowledgement. But in Assessee portal it is not appeared.

(1)To file Form-10EE for the eligible tax Assessee, they can file as usual or they have to wait for Govt notification for each year?
(2) This form is online form like 10E or offline DL and then filing online b4 ITR online filing?

Sir,

NRI has received credited of an interest of Rs. 110000 in his NRO a/c from savings and time deposits in bank and TDS @ 31.2% approx Rs34320 is deducted u/s 195 of income tax act.
He also received payment of Bima Bachat scheme of LIC Rs 61500 approx as income and tax @5% aprox Rs 3075 TDS u/s 194DA is deducted. These are only income he earned and received in India. So against his gross income of Rs 171500 a tds amount of Rs 37395 is deducted.
So there is query:-
His Total Income is less than taxable limit and not liable to pay tax except for TDS already deducted.
1. Can he file ITR return within time and claim this refund ?
2. Will he file return as per slab rates old /new scheme.??
3. Is he to be taxed as NRI at TDS rates or any other special rates for above incomes.???

Pls guide .

Respected Sir

30-4-2021 i.e. financial year 2021-22
To
21-10-2022 i.e. financial year 2022-23

Total RCM Rs 2,25,657 for the period from 30-04-2021 to 21-10-22 (18 months) has been claimed in 3-B of Oct 2022 filed on 20-11-2022. I would like to know RCM claim for two different financial years whether will be allowed.

PLEASE GUIDE ME AND OBLIGE