Finance Friend

TDS rates Chart for FY 2013-14

June 4, 2013April 30, 2013 CA. Kalpesh Karia

TDS rates Chart for FY 2013-14 and AY (Assessment Year)2014-15 as per Finance Budget 2013, when recipient is resident. # Section 194IA is applicable from 1st Jun,2013. Kindly read our Read more [...]

TDS on purchase of immovable property

February 14, 2014March 31, 2013 CA. Kalpesh Karia

TDS on purchase of immovable property IF your are planning to buy a immovable properties, you should be ready to deduct tax at source (TDS) @1% subject to certain conditions from 1st Jun, 2013. The Read more [...]

Budget 2013 highlights for Individuals

April 3, 2013February 28, 2013 CA. Kalpesh Karia

Budget 2013 highlights for Individuals: Income Tax Exemption Limit : Basic limit of exemption (general category) increased to Rs. 2.2 Lakhs from Rs. 2 Lakhs – saving of Rs. 2000 for the persons Read more [...]

What is Annual Value of House Property

March 29, 2013February 28, 2013 CA. Kalpesh Karia

What is Annual Value of House Property : For calculating Income from house property, first step would be to derive Annual Value. It is always a difficult task to calculate annual value as there are total Read more [...]

Difference between Limited Liability Partnership and Partnership Firm

July 15, 2016December 26, 2012 CA. Kalpesh Karia

Difference between Limited Liability Partnership and Partnership Firm : Sr. No. Particulars Limited Liability Partnership Partnership Firm 1 Liability Partners Share Read more […]

Depreciation chart as per Income Tax Act for FY 2012-13

December 3, 2012October 31, 2012 CA. Kalpesh Karia

Depreciation chart as per Income Tax Act for FY 2012-13 and AY 2013-14 Assets are bifurcated in five classes as under for the purpose of Depreciation as per Income Act . Building Furniture Plant Read more [...]