Sir

please explain the concept of depreciation as per income tax act

suppose a firm has machinery of 255500(W.D.V. AS ON 31.3.2012) NOW ON 01.6.2012 MACHINERY HAS BEEN SOLD FOR 150000 NOW TELL WHAT WILL BE DEPRECIATION AS PER INCOME ACT ON WHOLE MACHINERY BLOCK FOR THE YEAR 12-13

HOW THE MACHINERY SOLD IS TO BE TREATED
PLEASE EXPLAIN IN SIMPLE LANGUAGE AND MENTION EXACT RATE OF DEPRECIATION

THANKS & REGARDS

Dear All,

Please help- whether DTA/DTL to be provided if the firm has stopped its operations in January and gets dissolved in current financial year?
And what will be the effect if it gets dissolved in the April i.e in the starting period of next financial year?

Can anyone help me with notes on Auditing and Assurance(IPCE)...I am not able to clear It since May,2012,or guidance on it.

friends, please share the details as to how to submit the forms to re-register the CA Final course. for whom...registration done before 2008.... please.... I have registered before 2006. i think, we need to submit, a letter to the institute free of cost before this year... or else, there is a fees.

Read more at: https://www.caclubindia.com/forum/re-registration-of-course-registed-before-2008-260072.asp

We have to export in US a machine [Product by our Clint] @100 Doller. and we have received full advance payment. which INR is Rs. 5700/- Now my question is that what amount we have to show in our sale invoice 5700/- or 6000/- [As per current exchange rate] and excise duty 12.36% will be calculate on 5700/- or 6000/- and the party has paid the amount in advance rs. 5700/- so they will not pay 12.36% extra. So please help

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are there any penalties??
are there any chances of scrutiny ??

Dear All,

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Urgent,

Thanks,
Siddhi Patil

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