Dear Experts,
I had a asset which was sold during feb 2013 below WDV value, But the whole block was empty since every thing is sold, please let me know whether i can eligible for depreciation as per income tax act (Since the assessee is proprietor)and what about the loss treatment.

1. 2 public companies having paid up capital> Rs. 1 Crore and one common director have entered into a contract for renting of office premises. Whether this transaction falls under section 297?

2. What is the interpretation of "directly or indirectly, concerned or interested in a contract..." as provided in Section 299(1)?

Plz provide board resolution format for share application money refund

If my age 60 at january-2014 which type of income tax rate applicable for the FY-2013-14?

I Read that 20% tds u/s 195 is applicable on payment made to NR if NO PAN AVALIABLE.

but under DTAA its says that tax shall not exceed 10%.

which % should be applicabe if no pan avaliable

Pls Ref http://pib.nic.in/newsite/erelease.aspx?relid=31121

Sir,

We are interested in dealership of hot & cold rolled coil, we would like to import the said products.
Please let us know the formalities to import, as far as we know there is anti-dumping duty applicable. What other additional duties are applicable and what permissions are required to import.

Thanks in advance,
Vishwanath

my Monthly salary Rs 25000 Pm a want to loan which document requierd for loan

If a person file is IT Return after one year from the completion of assessment year,then he has to pay the penalty of Rs.5000.
Now,in case the person having the Tax Credti(TDS)of that year for which above limit limit has been expired, then whether he would liable for payment of penalty?

Purchase amt to rs. 50 Lacs.

cash payment made on next day is 10 lacs.
after three days, payment made by cheque balance amt.i.e. 40 lacs.

what will be disallowance amt. 10 lacs or total 50 lacs.

pls answer by stating any case law for the same.
because answer is 10 lacs but no case law i found..

Within how much time I can file return for A.Y. 11-12 in following cases :
(1) When I am filing return for the first time?
(2) When I have already filed the return for A.Y. 2010-2011?