Dear Sir,



Kindly advice on the Computation of the Deferred Tax for the following case:

Particulars

Amount (Rs.)

Profit as per Profit & Loss Account
790.00

Add: Depreciation under Companies Act
25,069.00

Less: Depreciation under Income Tax Act
59,904.00

Taxable Income
(-) 34,045.00

M A T under Section 115 J B


Profit as per Profit & Loss Account
790.00

Adjustments
NIL

Book Profit
790.00

M A T @ 10.30%
81.00








What would be the Deferred Tax for the year?



Thanking you.

Yours truly,

Srikanta Adhikary

Shall i Give Medical Premium Deduction to our employee for Self/ and Dependants parents Separately.
(i.e 15000+15000)=Total Deduction is 30000/-
Can Any One Confirm whether it is correct or Not.

one of my client has paid tds through chq in bank inspite of he is liable 4 e-payment. wt should b corrective steps?

Are prior period expenses and incomes disallowed for the current year computation of income under the head PGBP (excluding the ones subjected to TDS like purchase of materials)? If yes please give the reference of the section that disallowes it?

What is Section 80ccc. What is the maximum limit under section 80ccc.

What is the stamp value for MoA for new company getting Registered in Pune Maharshtra. Reference available if any ie (Link, Chart of Stamp Value, etc)

X Ltd. is giving vehicles on hire (Hire is Rs.1,00,000/- per month) to Y ltd., and then X ltd. also takes vehicles on hire(hire is Rs.20,000 per month) from Y Ltd. Now the X Ltd. pays to Y Ltd Rs.80,000(i.e 1,00,000-20,000). Now the Query is on what amount TDS shall be deductd? (i.e on Rs.1,00,000/- or Rs.80,000/-)

Pls tell me how to prepare a cma data.

Pls tell me how to prepare a cma data.

If A Ltd. gets contract from B Ltd. on sub contract basis whether A Ltd. is liable to pay service tax or B Ltd. is liabel to pay service tax on behalf of A Ltd. (Contract related to National Highway Roads)