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sd. aleem
24 August 2020 at 12:24

Depreciation under Income Tax AcT

Is there any option for not to claim depreciation for the financial year under Sec 32 of income tax act?


Ashish Agarwal
24 August 2020 at 11:57

E-Way Bill

I am exporter in delhi with delhi GSTIN.
I buy goods from moradabad (UP) and my supplier will send goods from his factory in moradabad to Mumbai port for custom clearance by road. Can MY SUPPLIER IN MORADABAD MAKE EWAY bill on "Bill to-Ship to' basis (Billed to me in delhi and shipped to Mumbai port) ?? If yes, then can My purchase bill date, EWAY bill date and ship date be same in this case ? Plus do I, as an exporter, also need to do anything from my part for EWAY bill purposes? Please advice.


sankar ponnan
24 August 2020 at 11:35

Fastag

SIR
We are GTA Private Limited company and we recharge fastag by our bank and pay toll charges to the vehicles of sub-contractors by fastag. We are passing journal entries as,
While recharging fastag,
Dr Fastag
Cr Bank
at the time of toll payment,
Dr Sub-Contractor
Cr Fastag

Is it correct sir?
guide me plz
thanks in adv


Vaish T

I need to calculate Capital Gain on Shares for filling ITR.
Is the below formula to compute is correct?
Capital Gain = [Sale Price - Cost of expenditure (i.e brokerage + Transaction Charges + Stamp duty)] - [Purchase Price + Cost of Acquisition (i.e brokerage + Transaction/Turnover Charges + Stamp duty)].

Is GST paid while purchasing shares added to the Cost of Acquisition and Cost of expenditure OR it is completely excluded from calculations like STT?
Thanks.


TARIQUE RIZVI
24 August 2020 at 11:05

SET-OFF OF THE EMPLOYEES BENEFIT

RESPECTED SIRS,

EMPLOYER IS PAYING SHARE OF EMPLOYEES ALSO ON ACCOUNT OF EPF, ESIC AND PROFESSIONAL TAX. IN OTHER WORDS EMPLOYEES ARE NOT GETTING DEDUCTED FROM THEIR SALARY AND THAT MUCH PORTION TOO EMPLOYER IS PAYING. CAN WE CLAIM THE SET-OFF OF THE SHARE OF EMPLOYEES PAID BY THE EMPLOYER INTO PROFIT & LOSS ACCOUNT.


Mahabir Prasad Agarwal
24 August 2020 at 10:35

Right over father's property

A plot of land is owned by my father. My father expired before one month. Mother is alive. We are two brothers only and no sister. Before about 15 years, my father had sworn an Affidavit allowing my elder brother to construct a residential house on the said plot of land (While taking a Bank loan for constructing the house). And my elder brother constructed the house in which we are residing now. Bank loan has also been squared up. Does the said "Affidavit" by my father create any ownership right to my elder brother ?


sanjay
24 August 2020 at 07:50

PPF

Hello All
I want to know whether partial withdrawal by the assessee made during the year from PPF account is taxable or tax free? ` Withdrawal made after seventh year.
Regards


ravneet

I am working in psu bank from last 7 years. I cleared my CA in 2012. Can I apply for fca.


TARIQUE RIZVI

RESPECTED SIR,
12% SHARE OF THE EPF OF THE EMPLOYEE IS ALSO BEING PAID BY THE COMPANY. WHETHER SET-OFF OF THAT MUCH AMOUNT IS ALLOWABLE INTO PROFIT&LOSS ACCOUNT OR SHALL BE ADDED BACK WHILE MAKING COMPUTATION OF INCOME


Pranali

Dear sir/madam,
I have completed 1.5 years of my atricleship training. But now due high work load and ill behaviour of my principal and the management there, I want to take transfer. My manager is also allowing me for the same but on a condition that he will count 3 months as a leaves during a lockdown period saying that the benifit of lockdown period which ICAI has allowed is only for those articles who will not leave his firm and its his call to whome such benifit should be provided and to whom not.(jo ukhadna h ukhad lo, jitane hath pair marne h mar lo, tum mera kuch nai bighad sakte)
But I have done Work from Home for those whole days during lockdown (counting average daily working hours of 9) from 21st March 2020 to 8th june 2020 (the first lockdown was from 21march to 14th April, and thenafter NMC Nagpur Mahanagar Palika had continuously exted the period of lockdown say lockdown 1, 2.0, 3.0, 4.0 till 8th june, 2020)

Please help me out how should I handle this situation, is my principal is right whatever the power he is claiming?