How to provide depreciation on assets purchased during the year 2014-15 as per Schedule II..?

In schedule II it is mentioned that "dep. on such assets shall be calculated on pro rata basis from the date of such addition."

Does it mean that we need to do days wise calculation for depreciation??

I am going to give IPCC Nov 15 attempt.I am very scared of tax, both DT and IDT.How should I study tax since only 2 months are left now?

Dear expert
the company is paying 50000 pm remuneration to non executive director also company is deducting 10% TDS u/s 194j. plz let me know can company avail 10 lacs exemption limit of ST on director remuneration..


plz clarify my doubt..

I'm running an online business(websites) and I'm getting income from US/UK online marketing companies. I'm getting payments through PayPal as well as direct remittance to my SB account. My income comes under presumptive business(44AD).

Now I have a doubt, whether my income should be considered as foreign income? As per AY2015-16 ITR4S eligibility terms, (Sugam) cannot be filed by individual who has earned any income from source outside India.

This article written by a CA says the income from Google Adsense is not foreign income: http://www.moneycontrol.com/news/tax/understanding-foreign-incomea-resident-tax-payer_2571021.html

So, I got confused. ITR4 or ITR4s?

hello experts I want to know if the e- verification facility is only for those asessees who have gross total income below 5 lacs & no refund means if the person is having refund he need to send ITR- V by post only pls clarify

STEP 1- IF I HAVE MADE AN ENTRY OF PURCHASE ORDER .

STEP 2- SUPPLIER SENT GOODS WITH INVOICE , SO I MADE ENTRY DIRECTLY IN PURCHASE VOUCHER ALONG WITH COMMAND ''INVENTORY VALUE ARE AFFECTED TO YES'' SO THAT MY INVENTORY GETS INCREASED DIRECTLY WITHOUT MAKING ENTRY IN RECEIPT NOTE. MY PROBLEM- AFTER FOLLOWING STEP 2 , MY INVENTORY DOES NOT GET INCREASED. PLEASE CLARIFY AS SOON AS POSSIBLE.....THANX

I Filed Service tax Return of 2014-2015 (H2) & I forgot to take the cenvat credit.

I paid the service tax amount which was payable of that half.

Now the period of 90 days is lapsed for revised return & I am not considering the cenvat credit in original return.

Please help me which option is available to utilized the above cenvat credit. (Cenvat credit amount is Rs.5 Lacs Approximate)

Hello Sir,

I have submitted my returns for AY-2015-2016. But the same way, I haven’t submitted for last 4 years returns (AY-2011-2012, AY-2012-2013, AY-2013-2014, AY-2014-2015).
I came to know that, we can submit last 6 years and get the Tax refund. But I couldn’t able to do it online.
Please guide me on the same.

Dear sir
Last year my friend filed income tax return through online via private site.
Now I tried to Login the same, but unable reset the password. It says that no such user ID, then I tried to Register and it says that This ID is already Registered!!
Please provide any solution..

Hello,

Does the contribution made by Central Government or other employer needs to be added to the income of the assessee before allowing deduction or not.

If yes, then how can we call it a deduction?
I mean, first we are adding it and then subtracting it.....it becomes neutral.


Thanks..