Assessee has purchased machinery after 1.10.2018 and did not claimed additional depreciation of 10 % in the year 2017-18. Now in current year 2018-19 ,he want to claim Balance (10 %) additional depreciation on the same machinery. is it allowable ?

My father is transferring a small portion of his business to me for starting my business in same field.assets and liabilities being transferred value rs.50 lacs. I feel it would be good if the payment consideration id in form of Gift. Pls guide is this would be right? Secondly if not gift then would it be advisable to show as unsecured loan that i shall kep paying with interest? Third, will there be any tax-ability in this case to transferor and transferre? pl guide Regards

hi sir/madam
this is siva reddy, working as accounts executive . i would like to know how to calculate TDS on office rent and when i file tds
my office rent is 57000 . given by hand .
please suggest me

Calculation of Profit and loss for ITR for small businesses filing GSTR aswell
Anyone who can share excel for above calculation?

Dear sir,
Assessee has engaged his two tractor - trolly along with 3 hired tractor - trolly in a cement company dumping to deliver cement bags to retailers. Thereon cement company has deducted tds u/s 194C on the payment of assessee. Now the assessee should file his return u/s 44AD or 44AE.

What is the normal timeline which CPC takes to process the refund of around 2.5 lakhs after sending the intimation u/s 143(1)? It has been 2.5 months but clients are not getting the refunds.

Dear All,

Mr. A is having loss of Rs. 90,000/- from Futures & options during FY 2018-19. As per CA institute's guidelines, turnover from F&O activities come to Rs. 19 lakhs. He doesn't want to opt for tax audit. Can he declare his profit from F&O @6% of turnover under presumption taxation since F&O transactions are all computer based instead of 8%??

Kindly Guide.
Regards,
Suraj

Hi
My one client sold his rural agriculture land in 2012-13 at Rs.42,50,000/- declared the value at Rs.600000/- only so he get notice u/s.148 now so in ITR how can i show it please experts suggest me as such.

SIR
TDS CEILING FOR CONTRACT WORKS ( MINIMUM AMOUNT)

If any firm received machinery interest subsidy more than Loan interest for the financial year than how we can show in P&L account.
E.G. A firm received Interest Subsidy Rs. 75000 ( 50000 + 25000). and Loan interest for the year Rs.50000.
Please help me.
Interest subsidy is taxable? How can show in P&L account.