Sir what is the tax.rate for dep.assets if held 4 more den 3yr or also for less than 3 yr.and under which head it will be taxable
plz its urgent

Default was transcation in savings account over Rs.10 Lakhs for 2 consecutive year 11-12 & 12-13.For 11-12 bank report it in AIR and dept issued notice u/s 142.However for FY 12-13 it presumably bank does not report because in 26AS no such transcation is
reflecting and secondly till to date dept has not issued any notice.Now what expert suggest if assessee doen't fill return for AY 13-14?

What will be the calculation of depreciation if in the block of machinery , machinery purchased after 180 days sold out in the same year. Suppose
Opening Balance -1,25,619.00
Machinery purchased on 03.12.2013-13,00,000.00
Machinery sold 04.12.2013-13,93,350.00
What will be the depreciation on the above case?
Plz its urgent reply soon.
Thanks in advance for your reply.

Dear Professional i have query regarding appointment of CFO as per new act.Do any agreement need to be enter for that appointment and Form MGT_14 , DIR 12 and MR 1 all need to be filed with ROC?

IS IT MANDATORY TO FILE WEEALTH TAX RETURN FOR ASSESSEE FILLING RETURN U/S 44AB. EVEN IF HE OR SHE DOES NOT HAVE MAXIMUM AMOUNT OF ASSETS WHICH IS NOT CHARGABLE TO WEALTH TAX AS PER WEALTH TAX ACT 1957

ANOTHER QUESTION IS THAT ONLY THOSE ASSETS WHICH IS BEING SHOWN IN BUSINESS BALANCE SHEET HAVE TO BE SHOWN IN FORM BB, OR EVEN PERSONAL ASSETS NOT SHOWN IN BALANCE SHEET OR BOOKS OF ACCOUNT TO BE SHOWN IN THE WEALTH TAX RETURN.

whether now it is necessary to revise the income tax returns already filed for assessment year 14-15 without auditors details with providing auditors details or is there any other formality?

PLEASE EXPLAIN, WHAT IS POINT OF TAXATION IN ITS VERY SIMPLE MEANING ?

Type of business entity and BODY corporate.please name mention to Know under RCM.

respected sir. please tell me can i itr file a.y 13-14 nil tax balance. assesee income for the f.y 12-13 is 242365.00 and deduction is 44400 under chapter sixth in this itr no tax payable or paid then penalty of 5000 when applicable in this condition. thank you

One of my client being an Individual has taken Mortgage Loan against Self occupied House Property for its renovation from Private Bank viz ICICI Bank.

The renovation is yet to be completed & expected to completed within 6 Months from the date of Loan sanctioned.

Now query is whether my client can claim Interest on said borrowings as admissible deduction under section 24 b of the I.T. Act without any maximum ceiling for said deduction as per law.