Computer @ 40%
Electrical Fitting @ 10%
Furniture & Fixture @ 10%
Motor Car @ 15%
Bike @ 15%
Office Equipment @ 15%
Mobile Phone ( Plant & Machinery ) @ 15%

Respected Sir,

Please confirm whether the above rates are correct ?

Please guide me and oblige.

We are married couples married in year 2007, at the time of marrige we had received 2 kg of gold in different forms as gifts from both of relatives, we can say 1 kg for each ........... now we wanted to sale it and convert it in to money as recent prices of gold is very high. expected income shall be 75 lakhs totally, we can show 50% to each so that it would be 37.5 lakh to each, my query are as below 1. what kind of proof is required to prove to IT department sold jewelry are received in marriage as gift 2. will there be any issue of wealth tax? or we should keep amount less than 30,00,000 lakhs? 3. If we invest money in the capital bond then can we save on capital gain tax kindly advice me

One of my clients is an Australian Citizen. He was in India from April 18 to March 19 for employment with one Indian company. He left the India in April 19. During Service he did not open Bank a/c in India and was getting salary in his foreign Bank account in USD. His residential status is NOR. Now he approached me to file his ITR for getting refund of excess Tax deducted. But issue is that he do not have any bank a/c in India and ITR cannot be filed without bank account in India in case of NOR. Please suggest how to file ITR and get refund.

what is income tax rates for domestic companies after recent finance minister announcements regarding revision of the rates applicable to them.

Whether income from LIC commission may be declared u/s. 44ADA in ITR 4 ?

Dear Sir,

We engage lot of vendors for devloping tool for auto parts. Please suggest under what section should I deduct TDS on Proto tool development cost. Should I apply 194C or 194J

Please advise

RCM on renting of motor vehicle w.e.f 01.10.2019, whether this is applicable only on those who take motor vehicle on rent and then further renting that motor vehicle to others (work like intermediary) or self owned owner renting their vehicle? In notification, they have told any person other than a body corporate,
paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business.

Kindly clarify...

RCM on renting of motor vehicle w.e.f 01.10.2019, whether this is applicable only on those who take motor vehicle on rent and then further renting that motor vehicle to others (work like intermediary) or self owned owner renting their vehicle? In notification, they have told any person other than a body corporate,
paying central tax at the rate of 2.5% on renting of motor vehicles with input tax credit only of input service in the same line of business.

Kindly clarify...

i have to book expenses in cash book 52000.00 incurred exp. at the time of registry of manufacturing company plot,
it would be capitalize (may be in land account or in other head) kindly suggest.

Dear Expert,
Notification No 22/2019 Centre Tax is issued on 30th September19 & imposed RCM on few services Rental a motor vehicle is one of them. We are in doubt about description in column no 3. No doubts recipients is Body corporate.
What is its meaning?
On What % & when it will be levied?
Kindly brief its conditions laid down in the Notification

Thanks
G Harish