A Manufacturer has claimed additional depreciation in the last year and he has again purchased new machineries for expanding his business can he claim additional depreciation on the new machineries purchased during the current year..
Answer now
Treatment for GST ITC reversal with respect to capital Assets....
Whether it has to be capitalised or charged in Profit and loss A/c.....
Please guid us
as i am NRI if i paid tcs on car and i filed my return full amount ll be refundable or not
Answer now
At what rate TDS is applicable on bill payment for manpower supply (staffing). Is it 2% u/s 194c or 10% u/s 194J??
Kirti Shah
Our assessee (properitor) who is a labour contractor is getting notice from IT Dept for not filling the returns for FY2012-13 & 13-14. the turnover in both year was more than 1 cr. which is also in his 26AS. Can he file the returns under 44AD and show 8% profit and pay the tax and escape any procedural issues...???
Answer now
Dear Sir/Madam,
I sale my rural agriculture land for 2600000 on december 2016 and i want to fill my income tax return.so please tell me what i do.
Respected Sir,
I done my sales through swiping machine which is linked to my sbi a/c and it is closed by sbi bank and issued new account in place of old account.From 01.09.2016 to 31.03.2017 all sales amount of Rs 35 lakhs are done through old account.For the above period my old account is closed and my banker transfer this amount on may 2017 in new account .so at present how to show these transactions in my Financials for 2016-17.
there is applicable sec. 87a for ay 2017-18 ?
Answer now
FACTS OF CASE TURNOVER OF FNO TRADING=12.00 LACS
ACTUAL PROFIT =00.20 LACS
CAN WE DECLARE A PROFIT OF 8% UNDER 44AD TO AVOID AUDIT AS THE ASSESSEE HAS NO OTHER INCOME.
Live Course on Invoice Management System (IMS) - 2nd Batch(With Recording)
CAclubindia
44ab due date extension 2017-2018