If i want to pay less tax,which method of depriciation
should be adopted?
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
Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?
CAN TWO VECHILE PASS TO RAJASTAN FROM NASIK ON ON ROAD PERMIT
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
what is procedure of calculation of TDS by bank?
what difference in motvat & cenvat? and why this prepared?
If a nri buys property in india, does he has to pay property tax?
What is form c & d in sales tax?
How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me
Can it be prssible, If any person purchase Reliance life insurance policy with nepal residence address profe. If yes then who can deposit nepal curancy in indian branch.
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
For what Purpose we should pay Profession Tax? After paying Profession Tax we can get benefit for personnel return filling? If Yes? than where?
Our business is an international call center. we are selling antivirus which is buying rs 200 & selling Rs 4500.what will be the purchase & sales.& what will be taxation processor to calculate tax
I have transfered the goods in F-Form (i.e. from one state to another) but now the problem is when I have sold the material in the Local market say for 100+tax=100tax, some of the material got defective say 50+tax=50tax. We will have to issue F-form of how much ??? 100 or 50. Kindly send me the same to my mail address - u15326@rediffmail.com
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
if the reparing & machinery maintanance for one party the whole year payment paid rs.75000/- crossed than tds is deducted from amount