Hi,

Greetings!

I have queries related to Capital gain/Loan from the relative.

Background:

The property is newly constructed apartment and built on the land which is in the name of my father-in-law. He would like to gift one flat to my wife.

I have few queries related to this -
1. What would be the tax on selling the apartment? Process, norms & tax slab, etc.
2. Fund received will be considered as capital gain or can be shown as fund received from the relative (Non taxable)?
3. If taxable, what would be the current tax bracket and implications?
4. Can we use this fund to close open loan like Car & Home loan, show as fund being utilized in closing the current loan liabilities.
5. I would like to understand the various tax saving options.

Looking forward to your valuable inputs, suggestions and insights.

Best regards,

We are in opinion of opening a account for utilization of Foreign contribution, whether such new account also be in scheme of FC account or normal account can be opened?
Please give a suggestion ASAP.

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Hi

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Someone please help me on who can be the trustees of a gratuity trust and specifically can the directors of the company be trustees of the gratuity trust?

Sir,
Please provide me an ideal format of Partnership deed between medical practitioners to start a new hospital.

Hello All,

We are a newly started Pvt Ltd. company presently in to trading of goods, and soon shall go into assembly/ manufacturing.
We are at present using godown and all assets of our sister concern and are into process of purchasing machinery

If I have to register for MSME what assets should I show as my investment in Plant and machinery.

Dear Sir

We are signing provisional statements of accounts and last 3 year income tax returns of our client. Whether We need to generate udin number or we can treat it as certified true copy ?

An unregistered partnership firm was formed in 2010 with 3 partners. In 2012 two partners retried and a new partner is added with retirement cum admission deed.

Now they have to register this partnership firm.

Please Guide

Thanks