Does the amount received for hiring out Air
conditioners attract service tax? If so at what rate and from when onwards?

1 of my client hav filed ITR of a/y 2009-10,nd 2008-2009 on 20th july2009 1st time in his life becaze he want to take loan.


but bank refuse him as the date on both ITR is same.


nw wht the client should do 4 taking loan???


kya 2007-08 ki BHi ITR back dating kara de????


ya



a/y 2009-10 ki ITR revise kar de??


wht u suggest????

AS PER INCOME TAX ACT IF ANY ASSET PURCHASE AFTER SEPTEMBER 50 % DEPRECIATION WILL BE ALLOWED. LET SAY IF DEPRECIATION IS RS. 1000/- THEN ONLY RS. 500/- TO BE CONSIDER. MY QUESTION IS IF NEW BUSINESS STARTED AFTER SEPTEMBER WE NEED TO WE DEDUCT THE DEPRECIATION 50% ON THE DEPRECIATION VALUE. EXAMPLE IF I PURCHASE FURNUITURE ON 01/12/2008 FOR RS. 20000/- DEPRECIATION ON THIS FURNITURE FOR THE WHOLE YEAR IS 2000/- WE NEED TO DEDUCT ONLY RS. 1000/- (50% ) OR RS. 2000/-

Dear experts,

Can any body please give me an example for ARTIFICIAL JUDICIAL PERSON.

Ours is a State Transport Corporation.
We are using Electronic Ticketing Machine for issue of Tickets to the Travelling public. This has an in built system for generation of tickets, invoices and other related documents. It has got an inbuilt program to update the data in the main computer so that other remittance, reconciliation, initialisation for subsequent use.

QUERY: What is the depreciation rate under i) Income Tax Act
ii)Companies Act.

Dear Sir,

I am working with event management co. but to financial crisis, we have not paid any tds amount of vendors, professional,

is it any provision wheather we have to pay this amount in next f.y.

or
what r the effects of non payment of this tds amount

whether rates of deprecition under Companies Act have been changed since 1988.
Can we refer Schedule XIV rates provided by vakilno1 site.

What is the limit of Gift to paid to my relation in Assessment year 2009-10 & 2010-11? if gift is Exceed the limit how much tax is to be paid?And also give general clarification about Gift Tax if I give gift what is tax implements in that gift. And any changes about gift in finanace bill 2009?

i am going to appear my pcc exam in nov09 please any body tell me which bokks ihave to refer and best & easy for all subject

Dear frnds,
a company has purchased land on lease for 90 years. my query is that whether lease payment which is made one time is to be taken as deduction in the same year of payment or divided in years of lease period........ please quote relevent section of incometax....pls answer keeping in view income tax act......thanx in advance