A Registered Partnership firm having no business activity hereafter other than renting assets on which depreciation claimed.Can it provide Interest and remuneration to its partners?Can it claim depreciation on assets?Can rental income be adjusted against remuneration and interest and depreciation if allowable?
My client is having two businesses both are proprietorship concern and the proprietor is one .in 1 business turnover is 65laks and in another 60 lakhs whether section 44AB is applicable and is accounts to be audited or can he go for estimation under sec44AD
i was deduct tds on 2nd April & deposit it to 6th june . the 1.5% interest is levied but how many month the interest of late payment is levied.
If i deposit above tds on 10th june then how many number of month the tds of late deposit is levied
hi i want to register for ATC course (under conversion scheme existing cpt student) I want to appear in may 2014 exams. When is the last date for registeration? plz reply and thanks in advance
heloo sir or mam i want to ask that if any who compulsorily require to do 1st GMNS and and do it within 1st year then what will happen?? Please guide me for that....
cut off dates for ca atc may 2014 exam and fee structure for joining ATC under conversion scheme from cpt to atc. I'm b.com graduate with 58%.
Hello friends. I just started preparing for ca final examination and I want to purchase CCI online coaching material of all subjects .Please share your experiance.
Mr. C a non resident has a commercial property in India and leased the same to
Mr. E for consideration through a broker AB Ltd.
Now the lease rentals are paid to AB Ltd, and who in turn remit the proceeds to Mr.C.
My questions are
i) Rate of TDS to be Deducted by Mr.E.
ii)Whether TDS has to be deposited on name of AB Ltd, or in the name of Mr.C
iii) If in the name of AB Ltd - then remittance made to Mr.C has to be subject to TDS.
iV) Then at what rate.
1. An automatic weather Station is made up of three components-Censors, data loggers & Solar Panels. 2. Mr.A takes three components on-site and installs it as an automatic Weather Station. 3. The installation is done after doing some cementing and it is affixed two feet down the ground & its intent is to permenantly keep the weather station there itself. 4. If for any reason the Weather station is to be removed, to avoid the risk of damage firstly the wiring is disconnected and then the censors are removed, then solar panels are removed and then cementing is removed. 5. Is this installation manufacture ? Or is it Immovable property ?
but sir , I herd that if i pay the tax through online net banking then not necessary to file etds for that quarter. please clarify my doubt sir.
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
Partnership firm