This Query has 1 replies
GOOD MORNING. MY QUERY AS FOLOWS:
WE ARE HAVING A SHED IN MUMBAI AND PURCHASED ONE MORE LAND AND BUILDING IN ANDHRA PARADESH. NOW WE ARE PLANNING TO SELL THE SHED AT MUMBAI AND WANT TO INVEST THE COMPLETE SALES VALUE OF THE SHED IN CONSTRUCTION OF ADDITIONAL BUILDING ON THE NEW PLOT/BUILDING PURCHASED IN ANDHRA PRADESH.
WE WANT TO KNOW THAT ANY INCOME TAX IS PAYABLE ON THE PROFIT EARNED FROM THE SHED SALES.
WHAT INFORMATION WE HAVE IS THAT IF THE SALES VALUE IS INVESTED IN NON MOVEABLE ASSETS THAN INCOME TAX IS NOT PAYABLE. PLS CLARIFY
THANKS
D.K.SHAH
This Query has 1 replies
If a person earns money from a limited co.
inrespective of letting out a house.where such co. runs a commercial activity.
so as per your view assesse should treat it as income from other source U/S 56(1)[which says income from letting out the building] or treat as income under the head of house property.
This Query has 1 replies
whether the compulsory acquisition by the local bodies like improvement trust etc.(state owned bodies) are covered under the compulsory acquisition u/s 10(37)
This Query has 3 replies
my assessee went to abroad on company work.
for filing his return how can we get the signature from him to file the acknowledgement ITR-V
He does not have the Digital signature
can any one advise me?
This Query has 3 replies
hi friends,
Can anybody tell me how can one introduce capital while filing his return first time? What could be the sources of capital?
This Query has 3 replies
Dear Sir,
Our Company is going to organise Get Together Event of employees for that we have hire a hall for one day
We have to make advance payment of Rs 30000/- to Owner of the hall is TDS is to be deducted if yes under which section 194C or 194I
Regards
Ravi Konda
This Query has 2 replies
Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.
For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.
This Query has 1 replies
Hi, What is the tax treatment in the hand of employee and employer if cause of breach of contact, employee is required to pay some amount to employer.
For example, if employer sends employee on a project and get the bond singed as per which, if employee left the organisation before sepecifed perioed, he/she will be resposible to pay fix amount to employer. In that case what will be the tax treatment of amount paid by emplyee to employer in the hand of employer and employee. Please advice.
This Query has 2 replies
What is the unit life insurance plan (ulip)& what benefit we can get by insuring it ?
This Query has 3 replies
If a person providing contractual service and professional service to the same client, then on which amount TDS Should be deducted for eg
a)If a person provide Contractual service worth Rs 15000 and professional Service worth Rs 17000, should TDS be deducted.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
IDT LIVE Exam Oriented Batch | May 2026, Sept 2026 & Jan 2027
PAYMENT OF INCOME TAX