Basic salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2014
What should be the Minimum Basic Salary while drafting a CTC ?
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 April 2014
ABC is an individual . He was allotted a factory land 14 years ago by RIICO . He was using the land for running a factory for manufacturing brass items for exports as a sole proprietor. HE STOPPED HIS BUSINESS 7 YEARS AGO and surrendered sales tax /pf registrations and ceased to file income tax returns. HE IS SELLING THE FACTORY LAND AND EARNING GAINS FROM ITS SALE. PLEASE ADVISE ON :
1.CAN HE CLAIM EXEMPTION FROM CAPITAL GAINS BY PURCHASING ANOTHER FACTORY LAND FOR SETTING UP ANOTHER BUSINESS?
2.HOW CAN HE MINIMISE CAPITAL GAINS TAX?
1.CAN HE CLAIM EXEMPTION FROM CAPITAL GAINS BY PURCHASING ANOTHER FACTORY LAND FOR SETTING UP ANOTHER BUSINESS?
2.HOW CAN HE MINIMISE CAPITAL GAINS TAX?
28 April 2014
min salary is to be decided by the management.
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