Will a house exclusively for residential purpose be included in the definition of assets for the purpose of wealth tax act?
Assessee include, every person in respect of whom proceedings under the wealth tax act have been taken for determination of wealth tax. - what is mean by proceedings here?
As per INCOME TAX ACT, no depreciation will be charged on an asset sold during the year.
But there is a confusion regarding the Companies Act.
Should we provide depreciation on asset sold during the year accounted on days basis in COMPANIES ACT?
Can We Provide Depreciation at the rates as prescribed by the Income Tax Act in the Companies Books or we need to follow the rates as prescribed by the Companies Act? Also, the depreciation as per income tax is on 6 months basis and that as per companies act is on pro rata basis, can that be done? for eXAMPLE the depreciation on Computer purchased for 25000/- put to use for 30 days comes to 822/- (25000x40%x30/365) but that as per income tax act comes to 7500/- (25000x60%x6/12). Can i charge 7500/- in the books?
Dear Sir/Madam,
Will form 8 be filed while taking any car loan from any bank. If yes, then what will be situation if a company has taken lots of car loan, has not filed any form 8 yet with ROC, some loan are fully paid and some of are exist, so that form will be fild in both cases or what??
what will be the procedure of getting approval from CLB??
please guide me regarding calculation of Deferred tax. Following are the details.
Depriciation as per co. act = 22223
Depriciation as per IT act = 94078
Provision for leave salary = 194673
Provision for doubtful debts = 20186
Prepaid expenses = 14102
Thanks
sir , we are manufacturing copper components and under exice registration .we have not taken any service tax no.But now excise people insisting to take the no.They told me that ST no is compulsory for manufactures.And also we r doing Labour job.Is necessary to charge ST in Labour Bill.Pl claryfy the both questions.
thanks
thanks for ur reply
in first case transporter already charging ST in their LR.
Regarding the labour job material is supplied by principal.
CAN ANY BODY EXPLAIN THE PROCEDURE FOR THE BELOW, WHETHER REGISTRATION WITH CUSTOM/EXCISE DEPARTMENT IS REQUIRED OR NOT
in case of trader, whether some part of duty paid on imported goods can be claimed back, on subsequent sale of goods in india ??????????
What is the definition of the terms 'Means' & 'Includes' as per the Interpretation of Statutes? What is the diffrence in both?
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