Software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2017
Which is the best software for accurate calculation for filing ITR1,4,?
06 August 2017
i use winman, taxbase, computax.........all are good
Message likes :
1 times
07 August 2017
Amol Ji
But in Winman depreciation rate for computer....is 60% where as the rate is 40% for asst yr 2017-18 and on wards as per rule 5 of IT Rules, 1962. Pl comment.
But in Winman depreciation rate for computer....is 60% where as the rate is 40% for asst yr 2017-18 and on wards as per rule 5 of IT Rules, 1962. Pl comment.
Message likes :
1 times
07 August 2017
@ B.Chackrapani Warrier
Yes, it was 60%, It should be 40%
Yes, it was 60%, It should be 40%
Message likes :
1 times
16 August 2017
In the query " https://www.caclubindia.com/experts/software--2540584.asp" , you have noted that winman depreciation rate is wrong. However, for AY 17-18 40% rate is only for cases covered u/s 115BA i.e for domestic companies. Further details given below: As per notification no. 103/2016: (a) In rule 5, the following proviso shall be inserted w.e.f. 1-4-16 (i.e. AY 17-18): Provided that in case of a domestic company which has exercised option u/s 115BA (4), the allowance u/s 32 (1) (ii) in respect of depreciation of any block of assets entitled to more than 40% shall be restricted to 40% on the WDV of such block of assets. (b) In the New Appendix I, in the Table, in the second column, for the figures � �50�, �60�, �80�, �100� �, wherever they occur, the figure �40� shall be substituted w.e.f. 1-4-17 (i.e. AY 18-19). Further, provisions to disclose depreciation at higher rate is given ITR forms or departments java/excel utility of AY 2017-18. You can also refer Taxmann ready reckoner in this regard. Therefore, depreciation is not restricted to 40% for AY 2017-18 except cases covered u/s 115BA. As such winman has given correct rate. Please correct your reply.
Courtesy - Ms. Sripriya SM
Courtesy - Ms. Sripriya SM
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- Eway bill not cancelled within 24 hous what can be due
- Eway bill generation from place other than registeted
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
