Is it correct to state tht VAT usually increases the retail price as the tax is payable on first sale price ?
Question
Accounts Tax GST
March 12, 2016, 9:43 p.m.
Answer
In case if an intangible asset is acquired before 1-4-1981 what will be the cost of acquisition. FMV OR ACTUAL COST?
A block consisting three assets A, B, C has opening wdv of 500000 (dep. rate 20%). A new asset D purchased costing 100000 & put to use on 1-11-2015, belongs to the same block. The asset D sold on 1-2-2016 for 60000. Kindly clarify the calculation of dep.
Accounts Tax GST
March 4, 2016, 4:40 p.m.
Answer
i have have income from two house property and i have not maintain books of account then how can i file income tax return