CA R SEETHARAMAN's Expert Profile

Queries Replied : 41830

I am a retired Executive Director/Finance of a Navratna PSU.

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Harsh dedhia says : depreciation under cos act 2013
dear sir, how to calculate depreciation if the under WDV Method if asset is purchased after 01.04.14 for e.g. 29/08/14 the following treatment is correct or not?? mobile purchased on 12.01.15, therefore no. of days upto 31.03.15 is 79 & life of an asset as per companies act 2013 is 5 years so total life in days = 5years * 12 months * 365 days=21900 depreciation per day = cost of an asset i.e.17900/21900=0.82 per day * 79 days = Rs. 65 company is following WDV method

Ketan Suru says : Claiming loss from Self Occupied House Property
Dear Sir, I put query on 26.03.2015 but still not getting answer so I personally message You. Sorry if I disturbed. My Query is: Can individual set off Loss from Self Occupied House Property (interest u/s 24) and claim deduction u/s 80C (repayment of loan to acquire that self occupied property) in Return of Income of AY 2014-15 if same was considered in Return of Income of Spouse in AY 2013-14? Note: The said House Property and loan is in joint name of Individual and Spouse. Thank You in advance. Ketan R Suru

Ketan Suru says : Claiming loss from self occupied property
Dear Sir, I put query on 26.03.2015 but still not getting answer so I personally message You. Sorry if I disturbed. My Query is: Can individual set off Loss from Self Occupied House Property (interest u/s 24) and claim deduction u/s 80C (repayment of loan to acquire that self occupied property) in Return of Income of AY 2014-15 if same was considered in Return of Income of Spouse in AY 2013-14? Note: The said House Property and loan is in joint name of Individual and Spouse. Thank You in advance. Ketan R Suru

CHIRAG says : reply to query
where is it written that profit of rs 5000 is not to be mentioned otherwise it needs to be stated ?

Asit Adhikari says : Income Tax
Dear Sir, There is a Proprietor doing Proprietorship business related to Electrical Goods & Computer, he provides service also. He does not maintain accounts & don’t have VAT Registration. His Income is Non Taxable for A.Y. 2014-15. Now please suggest me which ITR form should I fill ITR4S or ITR4