Dear all,
My query is Mr. A's Fixed Asset is Car & his Flat & he is partner in a Firm (all partner are family member) & he use his car for firm but car booked in his Personal a/c not shown in firm. please suggest can he claim depreciation on his car in personal a/c? & also suggest about depreciation on his flat.
Thanks in Advance.

How to study for cpt in two months?
Where to focus in every subject?

I took a vehicle loan. Rs. 47000 @ 8.99% for 1 yr.

THe loan provider is chrging 4269 as EMI & Total Int payout as 4228/-

but any loan EMI calcultor i try it shows 4110 as EMI & total int 2220/-

Sir,
I am going to file an NRI return for first time, who stayed in abroad more than 180days in a year.
My Query as follows:-
1)My client is an NRI, he has 2 accounts NRE & NRO.
2)He invest in Mutual Funds and dividends earn from there deposited into NRE a/c.
3)And he got interest from NRE savings a/c.
(which reflected in bank statement, although bank did not deduct TDS on NRE interest)

Sir,Should I add Dividends from Mutual fund in his total income which has been credited in NRE A/c with interest from NRE SB also? ( As like interest earn from NRO Savings a/c)

Dear Sir/ Madam,

Please help me in following case. Whether 44AD provisions can be applied?

Following are the actual figures taken from the books of an eligible assessee engaged in eligible business.

Annual Turnover Rs 60,000,00/-

Expenses Rs 40,000,00/-

Profit Rs 20,000,00/-

Can assessee claim his taxable income is Rs 4,80,000/- ?( ie 8% of 60 Lacs)

Assuming assessee is having income only uder head PGBP and have not done any expenditure deductible under chapter VI, His actual profit after tax will be as follows

Profit as per books 20,000,00/-

Less: Tax on Rs 4,80,000 ie Rs 28,000/-

Actual profit after tax 19,72,000/- ( 20lacs -28k)

ie His after tax profit is Rs 19,72,000/- and Assessing officer cannot treat Rs 15,20,000/- (ie 20,000,00-4,80,000) as undisclosed income.



Please help me. Whether my calculation is correct?

1) Can input service tax credit be taken of earlier month in current mnth( i.e credit of feb in mar)

2) Credit of Apr mnth, but service tax number not yet taken, then can that credit be taken after taking ST number

3) Credit of Apr to Aug mnth, but service tax aplicability from Sep mnth, then can credit be taken of apr to aug mnth, after applicable of serive tax.

I'm a CA-IPCE Group Ist pass student. Can i join CS-Executive? What is registration fee for this? Last date of registration? Plz give me ans early. . .;(

what is cobra post ?

Sir,
When i was reading the bare act regarding leave encashment , the calculation of salary is given under the explaination of sec10(10) which refers to schedule iv partA rule 2(h), it doesn't mention the commission to be included in the salary.

But when we practice commission is included in salary which is fixed percentage of turnover.
My question is that where is written regarding the commission to be included in salary while computing leave encashment.

SIR
WHAT ARE THE CONTENTS OF AN IDEAL INVENTORY REPORT.

AMIT