Respected Sir,

As I have to workout the dep for a pvt ltd company, I shall be highly obliged should you please let me know useful life for the following assets :

1- Computer 2- Electrical Fitting 3-Furniture & Fixture
4- Motor Car 5-Office Equipment 6-Vehicles

Please let me know the way dep for a pvt ltd company is worked out.

With kindest regards

yours tarique rizvi
982 1630 130

On sale of used car, GST is to be calculated on the margin (Consideration received - WDV), now the WDV should be as per the Companies Act or Income tax act. Please clarify.

One trust having registration under 12A & 80G of IT Act has excess of income over expenditure which is more than 15% of the gross receipts. Excess income was utilized to repay the unsecured loans pertaining to the period prior to granting permission of 12A & 80G. in such a case surplus income could not be invested as mentioned u/s 11(5) and consequently deduction u/s 11(2) could not be claimed. so whether trust need to pay the tax on surplus amount ???

How to Calculate the Capital Gains for a trust?

How to compute the Turnover of Banks/Banking company?

Dear Experts,

We are manufacturing domestic company having turnover around 250 Cr.
We have purchased Car amount to Rs. 35 Lacs on dtd. 06-09-2019.

Sir, can we avail both the benefits i.e. Income Tax Rate @22% and
Additional Depreciation on Car@15%.

Kindly advise.

Rakesh Sharma

Please provide list of allowances which are not applicable for ESI contribution

How many Tax Audit Report can sign by a CA
and how many UDIN could be generated ?

Please let me know

Dear Experts,
Can you please give a clear picture on Eligible ITCs for employee reimbusrments and Allowances given by employer?
Like Cab facility, Travel , Hotel, Food etc

Dear Experts, Is it mandatory to maintain physical copy of Invoices? Cant it be maintained in softcopy? Can any1 please share the section reference as per company act & Incometax act. Thanks In Advance Read more at: https://www.caclubindia.com/experts/query-regarding-mode-of-maintainence-of-evidence-2754984.asp

Read more at: https://www.caclubindia.com/experts/physical-invoices-vs-soft-copy-2757729.asp