Depriciation on a newly purchased Asset should be calculated from the Date when the Asset has been put to use. Is this rule applicable under both Income tax Act & Companies Act or how differenty it shd be treated under two Acts?

our place of business is from bengaluru

we do helicopter hire business, service tax is applicable, registration taken

is karnataka VAT applicable on helicopter hire charges ?
because dealer definition as per KVAT says "a person engaged in the business of transfer of the right to use any goods for any purpose[whether or not for a specific period] for cash, deferred payment or other valuable consideration"

Please tell me the value of stamp paper used for Form 1 at the time of registration of a Company.

Dear Sir,

Our organisation is going to supply the material to SEZ.We are in the position of Trader. i want to know which excise benifit i can claim .

for example: c is company for whom we are making errection activity situated in SEZ.
we are the principle contractor A .

we appoint sub contractor B to supply material directly at site in sez .

please tell me which benifit we can claim in this situation. can we charge excise duty to company C (SEZ Unit)& C can take refund from GOVT ?

Pl tell me the exact Procedure & Forms Which we need to submit .

Regards ,

Anant

I have one Individual File.
In file to see that He purchase a House in F.Y. 92-93 cost of acquisition :- Rs. 126000 & Sold in F.y. 2008-09 Rs. :- 384000. I say to purchase a house within 3 years of from selling house date in u/s 54. But he purchase his son's name house.
so can he exemption for Long Term Capital Gain tax ?

what is corporate finance and project finance
how far they are use in study in organation

if PUBLIC FOREIGN COMPANIES
OPERATE THROUGH
PRIVATE SUBSIDIARY COMPANIES IN INDIA , is it deemed public company in india or not?

Return of income tax was filed online.

Detail of TDS and investments were filled in the required colums.

Short Term Capital Gains was shown and also short term capital loss was also shown in the columns provided.

ITO did not consider TDS at all. Net Short term Capital Gain was also calculated at normal rate of tax.

ITO also levied interest u/s234B, 234C and raised demand for Income Tax and Interest.

Actually, after considering TDS amount and calculation of tax at 10% on STCG, there is a refund due.

Apparently, ITO did not verified the details and did not tried to get the detail of TDS from the Deductor's TDS returns. He failed in his duty and not only increased the task of the Department, raised a false demand but also caused trouble to the tax payer.

How to deal this issue under RTI Act? Whether the assessment order will be rectified on the basis of RTI application or a separate Rectification application will be needed?

Hi All,

I have a small query under Income Tax Act in respect of Interest on Housing Loan of Self Occupied Property...

If the loan is taken in Joint names of husband and wife, whether the interest on HL can be claimed upto Rs. 1.5 lakhs each.

Thanks in advance,

Regards,
Vinod Kumar D