Depreciation rates as per companies act, 2013 & 1956

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Virender Singh (Querist)
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20 March 2015 On
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TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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20 March 2015 One of my clients remained as a sleeping partner in a partnership firm for a period of two years. On account of the Remuneration Receipt the client paid income tax and filed return. After two years the client took retirement from the partnership firm and the income remained non-taxable for the Ay 2013-14. What to do in this case ? To file NIL return every year or the client should declare under the option of compliance that the income remained non-taxable for the Ay 2013-14 and therefore filing of the the return had to be stopped . Please guide me. Yours Tarique 982 1630 130

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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20 March 2015 There is no harm in filing income tax return for AY 13-14 showing income below taxable. This will help in continuing the income tax file.

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