Facts of the case -

Assesse constructed a building for residential purposes in the year 2004
Cost of Land - Rs. 2.5 lacs (Purchased 10 years earlier)
Cost of Construction of Building - Rs. 24 lacs
Assesse started business in the year of 2014
Assessee started using that residential property for the purposes for business.
He used that residential property as an office.

Queries -

How to claim depreciation on same?
Should the depreciation be claimed from year AY 15-16 or from the year of construction?
At what rate should depreciation be claimed?
Depreciation should be claimed on whole property or proportionately on only the part used for business?
Depreciation should be claimed on the composite COST of Land & Building (i.e on Rs. 2650000)?

If the landlord incur some expenses for providing basic amenities ( Gardner facility , lightning and lift maintance ) to tenant . does it will have some affect on house property income ?

A new company of nine months, Nil return filed for first quarter. Few months back, it's TIN got cancelled, however reason not known because of non receipt of notice. Should we further write an application to sales tax to find out the reason for cancellation or we should apply for a new TIN. Suggestions highly appreciated. Thankx!!

whether service tax ( reverse tax) @ 4.2% is to be paid by pvt Ltd co for freight , if GTA invoice included service tax @ 4.2% and full invoice amount is paid by the company to GTA

I was completed my b.com in 2013 @ 69.9%, now i wanna do CA, what is the procedure

Respected Experts,
An employee got the following amount after resigned :-
1) Salary : 20250/-
2) Gratuity : 101250/- (for 6 years)
3) Leave encashment : 18680 (Balance EL)
4) PF share of Employer during the f.y. : 18900/-

Should amount of Sr. no. 2, 3 & 4 added in salary component while filling ITR for a.y. 2018-19? How & where I show the above received amount? If these figures are exempt either I show in ITR or not.

Please Experts, its my humble request, I am very confused, Pleaseeeeeeeeeeeee help me.

Rakesh Sharma

Whether Minor can be directior in pvt ltd a pvt ltd company can be incorporated with 3 major director and 2 minor director

I HAVE TUTION INCOME OF 1.5 LAKH AND CAPITAL GAIN INCOME FROM SHARES
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE

Director name(s) should be entered mandatorily under “Board of directors”. Mention different appointments as a sub-article E.g. (a) – Managing Director, (b) – Director Names etc. as per SPICe AOA help.

Board of Directors
The first Directors of the Company shall be:-
(a) Managing Director
1.venkatesh
(b) Directors
1.Vijay.
2.Uday Kumar

is it correct manner??

Harikrishna: Friends doubt Regarding equalisation levy The assesse need to file any form? Like ITR? Or genearating challana id fine?