The IT Act provides for 60% depreciation on computers, but the word computer has not been defined. My question is, whether computer accessaries, like printers/scanner/UPS etc. should be debited to computer A/c to get benefit of 60% Depn. or it should be classified under Office equipments (eligible for 15% Depn.)
Further, will it make any difference if these items are purchased along with computer or bought ubsequently/separately.
Whether HUF can be formed by Couple having no childrens?
our client has not deducted t.d.s from interest on loan payment whole year 2007-08?
now they have decided to pay t.d.s amt after due date in this month? that interest expenditur will be allow in this fin year 2007-08,,if they pay t.d.s amt after 31 st may (means this month only) with interest?
or it will be allow in next fin year 2008-09.?reply fast
What 's the due date of payment of profession tax which is deducted from the employees salary in the state of Maharashtra
Hi
can any one tell me in which condition we have to pay ADVANCE FBT TAX payment
Depreciation on cars is attracted for fbt .whether depreciation is taken as per companies act or income tax act.
I had file a return of a audited firm through e-filling on last date(i.e. 31st October). But By mistake, I forgot to file its ITR-V form. What should I do now?
I had file a return of a audited firm through e-filling on last date(i.e. 31st October). But By mistake, I forgot to file its ITR-V form. What should I do now?
I have purchased a plot in FY 2007-08 and paid some of amount towards repayment and interest on loan. But i have not started construxction. so i want to know can i claim deduction under income tax for repayment and interest.
I had file a return of a audited firm through e-filling on last date(i.e. 31st October). But By mistake, I forgot to file its ITR-V form. What should I do now?
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
Definition of computer for depreciation purrpose