PROBLEMS OF TAKING A FLAT IN A PVT LTD COMPANY

CA Amit Kumar Hallen , Last updated: 19 January 2010  
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It is advised not to take any flat in a company name to save stamp duty to be paid at the time of further transfer in future. There will not only a problem in current year, but assessment of last 6 years can be reopened. This can be explained as follows: 1) Notional rent can be charges: If one ta

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CA Amit Kumar Hallen
(Practising Chartered Accountant)
Category Income Tax   Report

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