How to calculate unabsorbed depreciation?

A Company availed benefits U/s 80 IC during AY 2006-2007 and availed 100% deduction till AY 2010-11. It invested huge amount in plant and machinery during FY 2010-11 and thus qualified for substantial expansion during AY 2011-12.

Now my query is :
-Whether the company is entitled for 100% deduction as per provisions of 80IC, as it has already claim 100% deduction during last five years..
-Whether it can opt a fresh first AY for availment of benefits and continue to avail benefits at 100% for next five years.
-This section says that overall exemption period shall not increase beyond 10 years and therefore the existing five and fresh five year benefits shall exhaust total ten years.

Our Point of view is : we can claim 100% deduction henceforth and may continue to claim at 100% benefits for next five years but the overall benefit period shall be restricted to ten years and company can not claim 100% and / or 30% deduction once total ten years are completed.

Learned members views are solicited.

DEAR all

whether TDS is deductible on discount given by airlines to Customs house agents along with commisiion. IF yes kindly forward the case law relating to this

I have to make payment to Citi Bank, Singpore which is a wholy owned subsidiary of Citi Bank, New York.

Rate as per DTAA is 10%

However the Bank has given me PAN of Citi Bank, India.

Whether it is sufficient to have PAN of Citi Bank, India for compliance of Section 206AA or I need to deduct Tax @ 20%.

It is but obvious that every subsidiary of Citi Bank can't obtained PAN in every country of the world.

Please suggest from Client's point of view as the burden of TDS in on Client.

Can two existing directors present in India also be appointed as Alternate Directors of another two existing directors who are outside India for a period of more than three months?

Whether form 15CA and form 15CB is required to be submitted if the money is to be transferred from NRI person's indian bank account to his own foreign bank account?

I am payroll exec in one of IT company, one of my employee come and submitted medical bills which was on his mothers name, when i asked he said he will get the letter from hospital stating that she is mother of that employee, will that do for medical rembursement.

Also rent agreement copy is necessary for HRA exemption.

My client is a dealor of chemical and he was purchases a car in 2007 and he was paid vat @12.5% and not taken any input credit.

He has sold his car in 2009 and not charges any vat from party

Sales Tax authority say he will liable for paid Vat on sales of used car
it is clear cut double taxation.


Is he liable or not ?

If the employer is bearing income tax and employee part of contributon to provident fund liability of the employee than how will we calculate TDS.
Example: Basic Salary=Rs 264,000 per month+ employer will bear income tax and PF contribution of employee.

dear sir/madam

i want to convert my limited (unlisted) co. into a private co. pls solve my following quires regarding this:

1) which sections or provisions i should look into for complying the requirements of pvt co.

2) procedural or reporting part as far as i knw(pls corrct me if i m wrong) that reporting or filing part of limited (unlisted) co. & pvt co. is with ROC, no involvement of SEBI, central govt etc authorities is required?????

3) i want to knw provisional difference betn above cos. apart from basic difference???

pls solve

thanks

regards


miss tanveer ahuja