What is the case laws available relating to the renovation and repairs in fixed assets.
Basic principles as decided in case laws?
when expenditure is to be treated as repairs OR renovation and to be write of vs to be capitalisation
Please provide full text of the case if possible.
THIS QUESTION TO ALL THE EXPERTS
AS PER YOUR OPINION HOW WILL BE THE COMING BEDGET
PLS GIVE YOUR OPINION
THIS QUESTION SHOULD NOT BE REMAIN OPEN
me and my brother had got a capital gain deposit of Rs. 5,00,000/- each on selling our ancestral property. and we both deposited such amount in capital gain deposit scheme with Andra bank.now we are planning to construct a house jointly for our residential purpose as we have no house, using the both of our capital gains(5L + 5L). the site now we are going to construct the house jointly,is in the name of our two brothers. ours is a undivided family. can we both jointly construct the house for our residence purpose using both of our capital gains. please any one let me know and help me in this regard.
I AM A LAWYER WORKING AS A RETAINER IN LAW FIRM I AM GETTING A FIXED RETAINERSHIP PER MONTH . I AM GETTING TDS CERTIFICATE AS PROFESSIONAL INCOME UNDER SECTION 194 J SHOULD I TREAT MY INCOME AS SALARY INCOME OR PROFESSIONAL INCOME. WHICH ITR SHOULD I FILE ITR 2 OR ITR 4
ARE GIFTS MADE TO ANY ONE DEDUCTIBLE AS BUSINESS EXPENDITURE IN P & L ACCOUNT.
I HAVE MADE DOANTION TO APPROVED HOSPITAL ELIGIBLE FOR DEDUCTION UNDER SECTION 80 G IN THE ITR THERE IS A COLUMN IN P & L FOR DONATION SHOULD I CLAIM IN P & L ACCOUNT OR IN REBATED UNDER VIA SECTION 80 G
AM I ELIGIBLE FOR 100% DEDUCTION IN BUSINESS EXPENSES FOR DONATION TO ANY ONE.
Suppose a C.A. Student receives stipend from his employer, is that stipend taxable in the hands of the article.The article is having other income which exceeds the basic exemption limit which are subject to tax.
For example Mr.X is having income from other sources Rs.155000 and is receiving a stipend of Rs.15000 P.A. will his stipend be included while computing his total income.
Kindly reply me soon
Thanks in advance
TAX WAS DEDUCTED AT SOURCE FROM MY INTEREST INCOME AND TDS CERTIFICATE WAS ISSUED TO ME BY THREE PERSONS FOR ASST YEAR 2008-09. i FILED MY RETURN BEFORE DUE DATE. i CALIMED REFUND FOR TWO CERTIFICATES BUT FORGOT TO CLAIM FOR THE THIRD TDS CERTIFICATE. MY ASST IS COMPLETED. CAN I CLAIM REFUND OF TDS FOR ASST YEAR 2008-09 IN MY RETURN FOR ASST YEAR 2009-10
Our clent makes donations which are covered under section 80G - 50 percent eligibility slab. They are paying FBT on the full amount under "GIFTS". Are these liable to FBT & if, yes, then whether on full amount or amount net of deduction under section 80G.
How can we intimate the incometax officials about any tax evasions,
Do we need to give proofs/ documents or a mere complaint would be enough ?
Do we need to disclose ourselves for lodging a complaint ? Will it be kept with confidential ?
Briefly what are the procedures and also responssibility of the persona making a complaint.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Renovation & Repairing Expenditure