Peter Babu
16 August 2013 at 11:37

Depreciation rate

What is the depreciation rate for air conditioner under Companies Act,1956.
Can it be treated under eletrical equipments for a finance company?????????????



Anonymous

A trust established for the benefits of particular cast and runs "Sabhasad Suraksha Yojana" It is Regi.u/s 12AA. Trust is having FDR Interest income of Rs.5.00 lacs in F.Y. 12-13. As per Trust deed, it has transferred 90% of i.e. Rs.4.50 lacs to the CORPUS as provision for future Death Fund liability. Whether whole of the Interest of Rs.5.00 lacs is taxable or only 50000/- is taxable?


Vaibhav Jandey

Dear Expert(s),

In the accounting system used in Tally packages, Could you please tell me what is the difference between Purchase Register and Purchase Accounts as shown in accounts and profit and loss account respectively.
I always find difference in figures of both the above items but cannot figure out why ?



Anonymous

Dear Sir,

Kindly advise me how to apply online new service tax registration no.
and what are the documents required apart from ID Proof and Address proof.
and service tax office address for Kharghar location


vivek
16 August 2013 at 11:11

Caro

Contract with a value exceeding Rs.5 lacs. In CARO report, we are mentioning that the contract made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

What is that prevailing market prices at the relevant time means?



Anonymous
16 August 2013 at 11:11

Joint charge/reverse charge mechanism

Sir,
Under reverse charge/joint charge mechanism thresh hold limit exemption of 10 lakh is not available to the service recipient. Is the limit exemption available to service provider?
If a lawyer provide service to a company and companies turnover is less than 10 lakh is the company liable to pay ST?
What if the service recipient is a co-operative bank.



Anonymous
16 August 2013 at 11:09

Income tax return less 8% profit

I have filed my IT Return ITR 4 for the A.Y. 2013-14 with less than 8% profit selecting option of non required audit u/s 44AB. My T.O is 42 lacs. what to do next if its required to audit u/s 44AB if profit is less than 8% ??


thanks for your valuable advice in advance


chetan ashar
16 August 2013 at 11:03

Tds on income to nri

Dear sir,

We are a production house, producing Tv commercials. We have to make a payment towards Modelling chgs., who is a NRI.

Is TDS applicable on the payment? What is the rule.

Kindly suggest.

Thanks & regards.
Chetan.


ajay
16 August 2013 at 10:54

Tax on agricultural land and building

sir,
please comment on the taxability of compulsory acquisition of following assets of an individual:

1) rural agricultural land
2) residential building on the above land

if the compensation for the above two assets is calculated sepeartely by the govt.

please reply urgently


Ganesh Jangid
16 August 2013 at 10:41

Taxation of trusts/societies

Are registered trusts/societies taxable as Indvidual?

Please explain taxation of Trusts/Societies which are not registered with Income Tax but otherwise registered.

Please explain taxation of Trusts/Societies which are not registered either with Income Tax or under societies registration Act.






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