A company is engaged in manufacturing of cement It is a continuous process plant company wants to claim extra shift depreciation Allowance therefore under companies act the life of the asset is to be taken as 25 years or 8 years

One of my client received a letter from IT Department. Due date of presentation of documents is 17.05.2017 but i am not in town so couldn't appear before department. so what will be the consequences. Can I Intimate to department by writing a letter and if yes then kindly provide me suitable format of this letter.

Dear Sir/Ma'am,

We provide Marketing & Promotional services to the client. but we provide services to different locations of different state. in those state we have premises from where we deal in providing services. our Corporate office is situated in the same state in which client exists but service are performed at another locations to client's Customer for demand generation of Client's product. we incur expenses at those location like hotel expenses, expenses paid to vendor who arranges us to provide output services. All those expenses(hotel bills,Others) incurred carry the value of Input tax Credit. what would be criteria to avail these input

and another question is what would be Place of Supply in this case & how can we plan to avail input taken in different location from vendors.


Pankaj Mudgal
Manager Cum Finance Officer

i recd a notice from local ITO, Jamshedpur to provide information by checking them on 'complice' section of web site of it department, but i did not find anything on the same while i opened the site under my login id. what to do now?

Dear Experts,
pls clarify :- whether washing allowance paid to employees is exempt to the extent of actual expenditure u/s 10(14)(i) of Income tax act. 1961,

also clarify... will i have collect the proof for the same from all the concern employees?

Thanks & Regard
Priyanshi Goyal

if we are listed company and we are oil manufacturer and we sold vehicle not in ordinary couse od bussiness which was a fixed assets for us but sale on loss so why vat would attact becouse there is no value addistion by us and on what amount vat would be charged on slae consideration? vehicle is vatable in our state, please reply

mr x received mact claim of Rs 800000 and interest Rs. 125000 but insurance company deducted tax (Tds) @ 20% so i want to know that it is exempt form income tax or not u/s 10

If a Propitiatory Firm receives royalty fees for Mines from the Partnership Firm in India, If the Royalty receives firm incur the expenditures, Can the expenditure can be adjusted against the Royalty fees Received amount for the purpose of the Income Tax. Na How to account for it in books of A/cs. Please Request you good-selves to clarify> Please tell me the Tax implication of both Income Tax & Service Tax/
Hoping get an early reply from you Sir,
With regards
L.Keshav ,

sir, I filed it return of my client in ITR 4. EMPLOYER of my assesse was detected tds u/s 194j . sir filed return itr 4 professional income .and climed refund because they have no taxable income. but m not filed balance sheet . I filled only the p&l recipe amount sale of service head . because they worked in a company & no taxable income so feeled there is no need for balance sheet. but now I received notice u/s 139.? now it is passed 31 march can i file defective return now

where will i get form 16