Software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2017
Which is the best software for accurate calculation for filing ITR1,4,?
06 August 2017
i use winman, taxbase, computax.........all are good
Message likes :
1 times
07 August 2017
Amol Ji
But in Winman depreciation rate for computer....is 60% where as the rate is 40% for asst yr 2017-18 and on wards as per rule 5 of IT Rules, 1962. Pl comment.
But in Winman depreciation rate for computer....is 60% where as the rate is 40% for asst yr 2017-18 and on wards as per rule 5 of IT Rules, 1962. Pl comment.
Message likes :
1 times
07 August 2017
@ B.Chackrapani Warrier
Yes, it was 60%, It should be 40%
Yes, it was 60%, It should be 40%
Message likes :
1 times
16 August 2017
In the query " https://www.caclubindia.com/experts/software--2540584.asp" , you have noted that winman depreciation rate is wrong. However, for AY 17-18 40% rate is only for cases covered u/s 115BA i.e for domestic companies. Further details given below: As per notification no. 103/2016: (a) In rule 5, the following proviso shall be inserted w.e.f. 1-4-16 (i.e. AY 17-18): Provided that in case of a domestic company which has exercised option u/s 115BA (4), the allowance u/s 32 (1) (ii) in respect of depreciation of any block of assets entitled to more than 40% shall be restricted to 40% on the WDV of such block of assets. (b) In the New Appendix I, in the Table, in the second column, for the figures � �50�, �60�, �80�, �100� �, wherever they occur, the figure �40� shall be substituted w.e.f. 1-4-17 (i.e. AY 18-19). Further, provisions to disclose depreciation at higher rate is given ITR forms or departments java/excel utility of AY 2017-18. You can also refer Taxmann ready reckoner in this regard. Therefore, depreciation is not restricted to 40% for AY 2017-18 except cases covered u/s 115BA. As such winman has given correct rate. Please correct your reply.
Courtesy - Ms. Sripriya SM
Courtesy - Ms. Sripriya SM
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- TDR receipts for agreement holder
- Inventory of finished goods
- Confusion around Form 26QB fields
- Company Incorporation - CA and directors signing from different states
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Vivad se vishwas scheme 2024 new
- RCM on Advocate services by unregistered perosn
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
