Income Tax queries [13640]

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tarin shah

17 July 2008 at 10:28

depreciation on fixed asset

hi,

mr X purchases the machinery worth Rs. 1,50,000 but he pays Rs. 145000 only and the remaining difference is transfer to the Kasar & Vatav a/c..
my question (1) whether the asset can be showed with full value as it represents the fair market value? and dep. should be calculated on it?

(2) should be shown on actual amount paid as income tax says that dep. should be calculated on actual amount paid of asset..

please provide me with sufficient reply..

regards,
Tarin Shah

Pawan Kumar Sharma

16 July 2008 at 23:50

capital gains

are capital gains exempt. What is the rate of tax on short term capital gains

sangita

16 July 2008 at 22:11

115JB Income tax

hii
wen is section 115JB applicable to a company??????????

Rajesh

16 July 2008 at 19:45

TDS ON ASSIGNMENT OF COPYRIGHTS

IS ANY TDS APPLICABLE ON ASSIGNMENT OF COPYRIGHTS,
OR ASSIGNMENT IS CONSIDERED AS SALE AND NO TDS IS APPLICABLE??

Naval Agrawal

16 July 2008 at 18:47

H. U. F. file

what is the procedure of creation of HUF file ?

Ajit

16 July 2008 at 17:40

Form 16 - Bank FD

When interest income is shown on receipt basis, how to show the TDS data related to the Form 16 which would show the TDS on accrual basis.

Can we claim the corresponding figure of TDS corresponding to the interest income shown on the basis of actual receipt. In such a case, can we show the balance TDS (corrsponding to the interest on accrual basis) in the next year return?

Ajit

16 July 2008 at 17:39

Form 16 - Bank FD

When interest income is shown on receipt basis, how to show the TDS data related to the Form 16 which would show the TDS on accrual basis.

Can we claim the coresponding figure of TDS corresponding to the interest income shown on the basis of actual receipt. In such a case, can we show the balance TDS (corersponding to the interest on accrual basis) in the next year return?

Hanmantu N.Sai

16 July 2008 at 16:26

Certificate to Employee

Hi everybody,

anyone can guide me that employer can issue 16A form if TDS not deducted by employer from his salary or his salary below Rs.1.10 lacs for FY 07-08.

Vijay

16 July 2008 at 16:23

Investment Declaration Form for Employees for FY 2008-09

Can anybody give me Investment Declaration form for Income Tax calculation for employee for the F.Y.2008-09.

My email Id rishikesh_stt@rediffmail.com