We Have A Clearing & Forwarding Agency & our Annual Income is 10-12 lakhs i.e Agency Commission and our Reimbursement Expenses i.e Shipping Expenses , Custom Duty etc are around 3 crores. So Tax Audit has to be done on which amount i.e Agency Commission or Reimbursement Expenses ?
i am confused about one point. Suppose in case of retail trader i have to show 10% of gross receipts as deemed income u/s 44AF. But as per p/L a/c my net profit may not be exactly 10% of gross receipts. Similaily as per income tax provisions u/s 28 to 44 my net profit may not be exaclty 10% of the gross receipts. So is it relevant to show the P/L A/C and also the schedule in ITR - 4.
hi. i just want know what is current depreciation rate on computer , plan & machinery
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hi. As per Income Tax current depreciation rate on Computer is 60% & for P&M is 15% and As per Company Law depreciation rate on Computer is 40% & for P & M is 13.91%
if an indian company import trunkey project from china and paid the amount in usd. is there any tds liability for indian company or it is exment in double taxation
if an indian company import trunkey project from china and paid the amount in usd. is there any tds liability for indian company or it is exment in double taxation