LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Contact info of ca dr. girish ahuja

khushboo garg (Semi Qualified) (84 Points)

18 October 2013

Dear Friends

Wish to have the contact number or email id of CA Dr. Girish Ahuja. Have to ask some queries regarding Direct tax.

Urgent!!!

Thanks

Khushboo Garg

Reply
Follow
Share

16 Replies

(Guest)

I have seen that on a book..wait I will try to arrange

C.A SUVAJIT SAHU (CA ( In Practice )) (708 Points)
Replied 19 October 2013

hi khushboo...

instead of asking for ahuja sir's contact details if you will post your queries in CCI ,i am sure that your queries would be resolved and it will help others also to clear their doubts.....

1 Like

manoj (student) (5205 Points)
Replied 19 October 2013

Ya agreed with sahu

RAHUL SINHA (ACCOUNTANT) (36 Points)
Replied 19 October 2013

dr.girishahuja @ gmail.com

Originally posted by : khushboo garg

Dear Friends

Wish to have the contact number or email id of CA Dr. Girish Ahuja. Have to ask some queries regarding Direct tax.

Urgent!!!

Thanks

Khushboo Garg

1 Like

khushboo garg (Semi Qualified) (84 Points)
Replied 19 October 2013

Mr. Suvajit Sahu

I agree with your reply...

I had a query in Taxation of Trusts concerning Sec 11,12 and 13

treatment of Depreciation i.e. whether to be considered in application of income or not? Cos our practice manual says it shud b taken while the other author;s books says it shud not b taken since purchase of asset has been taken as application of income in previous years

Awaiting response

khushboo garg (Semi Qualified) (84 Points)
Replied 19 October 2013

Another query

Specified person as per Sec 13(3) are to be taxed at normal rates or Maximum marginal rates??

1 Like

CA Parul Saxena (CA) (8426 Points)
Replied 19 October 2013

Specified persons are to be taxed at normal rates and yes depreciation can be claimed as purchase of asset can not be claimed as application of Income.

Application of income can be cf revenue expenditure only and Fixed asset being a capital expenditure can not be claimed except by way of depreciation.

So depreciation can be claimed.

Saurabh Maheshwari (B.com,ACA) (5923 Points)
Replied 19 October 2013

Purchase of fixed assets used in activities of trust can be claimed as deduction for Application of Income .........and therefore no Depreciation can be claimed on the same....See Kerela HC ruling....:-)

C.A SUVAJIT SAHU (CA ( In Practice )) (708 Points)
Replied 19 October 2013

hi Khusboo....

Thanks for posting your questions on CCI.....

let me answer your questions one by one ......

1) Treatment of depreciation

As per a recent Pronouncement of kerala high court in case of "Lissie Medical Institutions VS CIT "

high court observed if full value of an asset is already allowed as deduction then further depreciation will result in double deduction which would amount to violation of provision of sec 11(1) . hence trust is not allowed to claim dep on such capital assets in any financial year.

You may quote this judgement to support your answer till any pronouncement is made by Supreme court on this issue......

2) Incomes which are used for the benefit of specified persons u/s 13(3) are to be taxed at maximum marginal rates u/s 13(1)(c).

Best of luck for your exams.......

Specified person as per Sec 13(3) are to be taxed at normal rates or Maximum marginal rates??

Read more at: /forum/details.asp?mod_id=268369&offset=1#.UmKce9ngviQ

khushboo garg (Semi Qualified) (84 Points)
Replied 19 October 2013

Thank u suvajit...ur reply surely helped...bt the issue is..institute own book says u can claim dep. Even if u hav claimed purchase of asset earlier...in this case whts d correct way?

C.A SUVAJIT SAHU (CA ( In Practice )) (708 Points)
Replied 20 October 2013

Originally posted by : khushboo garg
	Thank u suvajit...ur reply surely helped...bt the issue is..institute own book says u can claim dep. Even if u hav claimed purchase of asset earlier...in this case whts d correct way?

Do not worry for the solutions given in practice manual .....ICAI tries to amend the practice manuals with recent provisions but it is very difficult to check and rectify every little change that has taken place , so things does go out of notice sometimes. The most important thing is that you must support your each and every answer with certain logic which will help you to give your answer a professional look .

one can also think , since this is a high court judgement and not of supreme court's hence they did not incorporated it while amending Practice manual but as a professional student you must keep yourself updated and answer what is more accurate and logical......

Siddharam Deshmukh (director) (21 Points)
Replied 20 October 2013

Dear Sir,

I have registered a pvt ltd company in 2010, I have taken sales tax No. in 2011, I havent done any transaction as on date. I have even not filed any sales tax return and not done company audit . I want to close the company.What is the procedure. What will be expenses.How much time it will take and whom to approach. pl guide me. I am in jumble

RAJESH SAWHNEY (Partner) (21 Points)
Replied 04 July 2014

Dear Sir,

How to create HUF. My Grand Dad wants to open HUF in my name. I am Elder Son of my Dad and also Uncle is there with three sons. What should he write in his will or otherwise

Samruddhi (Professional) (28 Points)
Replied 08 January 2016

I am having query regarding Capital Gain Exemption.

Assessee has not yet filed the ROI for F.Y 2014-15 & he is liable to LTCG of Rs. 50 lacs approx. & also has not deposited an amount in CGAS so how can I plan for Tax Saving in this case.Now ROI is required to be filed for the purpose of taking Loan for making of Lift in the property on which capital gain is arising.

Kindly suggest.