Dear Experts,

Comapny has sold the depreciable asset(car) during FY 12-13 for Rs 25 lacs whose WDV on 1apr'12 was Rs 58 lacs . Opening WDV of Block of asset was Rs 94 . Depreciation is @15%.
No assets were purchased during 12-13, assets sold was only above i.e Rs 25 lacs (wdv 58 lacs as said above)

Now my question is how do i calculate depreciation on above block is it @15 on (94-25)=69,?
How much would be STCG? any otehr effects would come.

Dear All
plz let me konw what r d service tax rates for the f.y. 2011-12 & 12-13. since one of our party is charging 10.30% on 50% & 12.36% on 50% of the work . why is it so
thnx
priya
7798652426

IF THE SENIOR CITIZEN IS 80 YEARS & IS HAVING ONLY INCOME FROM RENTING A FLAT WHICH IS APPROX 3.12 LACS P.A.

HOW TO AVOID THE TDS DEDUCTION ?

An assessee had obtained service tax registration number from the authorities and paid service tax regularly but has failed to file the returns. There are no dues payable on account of service tax as on date. Can the assessee, under the said scheme, claim immunity for non filing of returns and apply for cancellation of his registration certificate? What would be the procedure for doing the same under the scheme? The period is Sept 2008 to Oct 2009.

Dear friends

can any one clarify assessable value tobe considered in case of interstate inter unit stock transfer.

1) we are registered under Central excise & sales tax as a manufacturer having same manufacturing units in different states like Delhi, Uttarakhand, jarkhand.

2) we are planning to transfer some of inputs (Bought out finish and semi processed inputs) to other units in different states.

3) we are following 110 per cent of the cost of production under rule 8 of the new Valuation Rules,for payment of excise duty and same is shown in our ER1 returns.

4) we are not charging cst as we can get the Form F for the interstate stock transfer.

My query is
A) whether the following calculation for invoice and for sales tax assessable value is correct ?
B) what is the value tobe shown in vat returns ? amount shown in e or f

a) basic price 1000.00
b) add: 10% (rule 8) 100.00
________
c) total 1100.00

d) Excise duty 12.36% 136.00
________
e) total Inv value( a+d) 1136.00
_________
f) Ass Value for ST
Purpose (a+b+d) 1236.00
---------
thanks in advance
ramkumsr ms

Assessee had filed income tax return for AY 07-08 with Rs. 4000 tax long time ago. After that assessee has not filed any income tax return as income was below slab.
Now assessee wants to file income tax return for AY 12-13 and AY 13-04 with Nil Tax as income is below slab.
Can Assessee file income tax return for AY 12-13 directly after filing income tax return of AY 07-08 ?
Is there any risk of scrutiny ?

Please help....

Dear Experts,

When we make BRS at the end of year and found some entries while making the BRS.
Now suppose We have detected a Cheque which was issued by us but was dishonored by Bank due sign mismatch.
We have debited the party and credited the Bank , So my question is whether we have to reverse the entry as on 31-03 ? If another treatment then please suggest.

Dear Sir,

We are small software development firm. We shipped electronic Items such as set top box, harddisk and projector from usa to pune office for software development. All these items are not for commercial purpose. consignment is stuck in custom and they are asking for MOEF clearance.

Can you please guide us how should get it?
We are pune based so can we get it from pune?

Thanks
Krushna

Professional Journal allowance : An amount of 12,000 per annum is tax-free.

is above statement is correct?

Do any1 know about the GAURAV Jain for SFM classes?
hws he teach?
should i prefer him or nt?