Anonymous
05 May 2017 at 10:14

Depreciation on rented asset

Dear Experts,
i have taken bus on rent from one of the individual for transportation of workers from their house to factory and from factory to their house and for that we are paying Rs. 30000 PM after deducting 1% TDS u/s 194C, pls tell me can i claim 15% depreciation on this rented bus.

Regds
Abhilash


Navin Kumar Tiwari
05 May 2017 at 07:45

Cash transaction

2.25 Lac withdrawal from a bank in Saving A/c 269 Applicable or not. Or applicable on current A/c Plz suggest me



Anonymous

Surrendered the cop a month back but not received any intimation from ICAI and my members cop holding status is still active,whether there would be any issues of I take up full time employment.


ANTHONY FERNANDES

what is the last date for appointment n payment of fees to MCA. please help


ANTHONY FERNANDES

what id the last for appointment n payment of fees to MCA. please help


RUSHI GSTM
04 May 2017 at 17:25

Reverse charge mechanism

We are a manufacturer If we purchase any goods from unregistered person for production or office use or any goods from unregistered person. will GST is applicable on RCM basis.


TARIQUE RIZVI
04 May 2017 at 17:23

Rate of interest

The due date for making payment of TDS was 30th April 2017 for the month of March 2017 but few of the bills have been received today only. How to workout interest on delayed payment of TDS i.e. @ 1% or @ 1.50%


RUSHI GSTM

As per GST Provision Gifts to Employee up to 50.000/- is Exempted.
But Instead of Gifts is Company pay Incentive on increase of Sale and amount paid as a incentive is it treated as service from Employee to Employer or vise versa. and GST is applicable as a Service to Employer from Employee?

Our Last Year Sale Target of 200 Crore and We have made sale of 215 Crore for Financial Year 2016-17 and Incentive will be paid in September-2017 is GST applicable on incentive paid on rise of sale of 15 Crore amount i.e.50,000/- per employee.so total amount comes around 25 Laks. It gst is applicable in the month of September-2017 if GST w.e.f. July-17. Please explain in details provisions



Anonymous
04 May 2017 at 17:15

Capital gain

The assessee received a Gift of immovable property(Land) from friend worth Rs 29,00,000. during the Ay 16-17.
He pays gift tax on property received as gift under income from other sources.

After six months the assessee sells the Land received as Gift for Rs 35,00,000.

What will be his Capital Gain Tax ?
Will his acquisition cost be taken as Rs 29,00,000 on which he paid tax or the cost price will be the one paid by his Friend when he purchased the land.?


piyush kr. singh
04 May 2017 at 16:50

Gas subsidy

What is the treatment of gas subsidy received by individual? thanks in advance





CCI Pro
Follow us


Answer Query