If i want to pay less tax,which method of depriciation
should be adopted?
- 4 Answers
- 6002 Views
- I also Faced
- E-Mail Answers
Answer Posted / kodanda rama
FOR COMPANIES, TAXABLE INCOME AND TAX LIABILITY WILL BE
CALUCULATED BY CHARGING THE DEPRECIATION AS PER THE RATE
GIVEN U/S 32 OF INCOME TAX ACT.
ONLY FOR ROC FILLING PURPOSES DEPRECIATION CAN BE CHARGES
AT WDV OR STRAIGHT LINE METHOD.
BUT FOR TAX CALCULATION PURPOSE, WE SHOULD NOT CHARGE
DEPREICIATION AT WDV OR STRAIGHT LINE METHOD.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
i want about TDS full details with Limit,Rate and Entry in Tally ?
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
how to calculate tax for the income earners
How to show reject material in ER1
How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?
sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?
we issued the H form for the 1st quarter 2014-15 but in the 2A we posted the wrong TIN no of party and H form is also contains the wrong TIN No.if anybody know the correct procedure for correction of H Form kindly tell us.
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
I have working with Rs.180000/- I want fill up itr 1st time What is process.
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
what is the procedure for Excisable goods transfer from Head office to branch and vice versa (the branch is located in the same state) also if the branch is located in other states. How will it affect the VAT returns
How to file the CST return and which form is use.
accounting taxation
meaning of accessory for central excise purpose
