Interested to Buy Any Domain ? << Click Here >> for more details...
If i want to pay less tax,which method of depriciation
should be adopted?
- 4 Answers
- 7456 Views
- I also Faced
- E-Mail Answers
Answer Posted / h.r. sreepada bhagi
As mentioned by Mr.Md.Abdul Qader, There is only one method
of Charging Depreciation, i.e. WDV u/s 32 of the Income Tax
Act, 1961. This applies to block of assets and is calculated
@ full rate prescribed for the assets used for more than 180
days & @50% of the prescribed rate for the assets used for
up to 180 days during the previous year relevant to the
assessment year.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is FBT? Is there any fixed rate of tax for all? or slab rate? pls give the detailed answer with examples. My e- mail ID: vijji_tv@yahoo.com
is there any specific percentage related to lower tax deduction under tds
What are the procedures for remitting WCT?
what is the vat rate of Saw dust powder in maharashtra
At present what is the rate of excise duty on sale of Weigh Bridge Machinery to out of state from Karnataka.
What we mean by MAT Credit Entitlement ???
when i send goods out side the state against c form from gujarat to bombay which forms will have to required, where i get it & what process of to get it , please give me the answer on my e.mail sonidilip87@yahoo.com
how many form used in sales tax return from begining to ending?
Differentiate between financial year, assessment year and previous year?
i have recently joined a bank as probationary officer.i ant to know hich of the two options bellow will be benefitial:- 1.receiving HRA or 2.receiving lease rent from the bank.
what is CST % applicable on garments sales to other state?
Ganesh & Gopal joined a firm drawing salary of Rs 25000 per month.After serving 3 yrs ,they started business of their own in partnership,contributing Rs200000(expected life 10 yrs,bought spare parts worth Rs 33000 from Kundu on credit.Office supplies were purchased for cash.Initially they were very busy in conducting their business operations but by the end of the 1st year,31/12/2005 they were disappointed when they found their bank balances.Following is the summary of their bank statement. Receipts: Share Capital Rs 250000 Collections from Customers 412000 Payments: Equipment 200000 Salaries of Assistants 88000 Rent advance for 2 yrs 96000 On-year ins. Policy on equipment 12000 Office stationery 27000 Payment to Kundu 29000 Withdrawals of Ganesh 90000 Withdrawals of Gopal 90000 Closing balance c/d 30000 ----------- Total : 6,62,000 Still amount receivable from customers for services to them amounted to Rs 30,000 & closing balance of office stationery is Rs2000,spare parts Rs2600 were utilised by the end of the year .Prepare trial balance with the available information and show total. Also what is the net profit.
How to calculate the TDS
Deferred taxation is a part of which equity?
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
