I have a doubt regarding Depreciation calcuation under Straight line basis..
Asset cost as on 1.4.12 - rs 5000
Accumalated Dep as on 1.4.12 - rs 4500
Rate of dep 16% SLM. What will be the dep for the year 12-13 under co's act??

Thank you

For the assessment year 2009-10 the client has not deducted TDS for some payments. The department sent a notice disallowing the total expenditure u/s 40ia of IT Act.
Is there a way for countering the situation?
Any views or suggestion...

Dear sir

i want to know what documents are to be taken to assessing officer when he has given notice u/s 142.

The assessee is non resident and own a shop (long term asset) which he intents to sell. The long term gains are Rs 30 lacs. He intends to take benefit of section 54 F or 54 EC. What is the procedure of Certificate for low deduction of TDS.
Thanks

Mr .Sahu , a government
employee and citizen of
india ,was sent to london on
official duty ,on 01 -06 -2011 . He
stayed there upto
31 -01 -2012 .Salary and
allowance drawn by him during
this period are : 4 months salary
in india Rs. 200000,8 months
salary in London
Rs. 360000, overseas allowance
Rs. 240000, free residence in
London( Rent Rs.40000 per
month for 8 months)Rs .320000
he has house property situated
in Delhi which is self
occupied. during his stay in
london his wife and children
were staying in this property
thriughout previous year. Fair
rental value of house is
Rs. 56000, he has paid Rs. 6000
as municipal taxes and Rs.2000
as ground rent during the
year .He received dividend from
indian company RS.2200 , he has
donated sum of RS.60000 to
institution to which section 80 G
is applicable . Compute his total
income for assessment year
2012 - 2013

WHETHER EXEMPTION OF 3500 ON PO SB A/C IS AVAILIABLE OR IT IS WITHDRAWN

IT IS DOUBLE BENEFIT,BECAUSE PO SB INTEREST IS EXEMPT UPTO 3500 AND ANY AMOUNT ABOVE 3500 WILL GET DEDUCTION UNDER 80TTA?

Sir,
What is the conditions for new additional deduction of Rs.100000/- for housing loan which were applicable from FY 2013-14??
please help
thanks

Respected sir,

one person get the notice u/s 142 (1)
who has not file the ITR because of
he is AGRICULTURAL PERSON ( KHEDUT )

he sold the agricultural LAND of Rs. 1.39 crore in the F Y 11-12 ( purchase date 2001 ) and purchase new agricultural land
of Rs. 1.49 crore.

but he is not file the ITR .
up to f y 11-12 some agricultural product sale bills are laying with him to show the proof of land.

ALL THE MONEY COMES THROUGH BANK AND GONE THROUGH BANK & ALL THE SUPPORTING EVIDENDCE / PAPERS ARE WITH HIM.

SO WHAT SHOULD I DO & WHAT WILL DO FROM ITO.

PLEASE GUIDE ME IN THIS MATTER


if i will file the ITR than it will scrutiny open OR
can AO give any other notice for that yr. ITR

Respected sir,

one person get the notice u/s 142 (1)
who has not file the ITR because of
he is AGRICULTURAL PERSON ( KHEDUT )

he sold the agricultural LAND of Rs. 1.39 crore in the F Y 11-12 ( purchase date 2001 ) and purchase new agricultural land
of Rs. 1.49 crore.

but he is not file the ITR .
up to f y 11-12 some agricultural product sale bills are laying with him to show the proof of land.

ALL THE MONEY COMES THROUGH BANK AND GONE THROUGH BANK & ALL THE SUPPORTING EVIDENDCE / PAPERS ARE WITH HIM.

SO WHAT SHOULD I DO & WHAT WILL DO FROM ITO.

PLEASE GUIDE ME IN THIS MATTER

Our company is into trading of goods. Every item of any brand sold, it needs to enter into the website of the company and on entering that sales details, the company pays per unit incentive amount to us after deducting TDS. The amount to be paid is not fixed and company does not even ask us for the invoices. This has crossed Rs.500000 and already we are registered into service tax department for repairs or maintenance services. Do we need to charge service tax on it and pay it to department?