Suppose 3 brothers inherted a property (Land) from their Father. he said land is handover to Land Developer under tripatriate model in consideration of the 55% of the Property developed by the builder.The moment they transfer the land, Capital Gain arise.
1. Whether the Capital Gain is taxable in their hand as AOP ?
2. How the Capital Gain Tax can be reduced in such case.
We are remitting Gurantee Fees, Technical Fees to our Foreign Company(Holding Company) by following provision of DTAA.
We also deducting TDS as per DTAA Provision
Foreign company also having PAN No in India
We also filing 15CA through online by mention the PAN of the Foreign Company.
Whether Foreign Company has to File Income Tax return in India? What is the procedure?
Suppose an individual buy a flat (In construction) for Rs 5 crores by taking a housing loan of Rs 4.5 crores and paid Rs 4,00,000 as procesing fees.
1. Whether the procesing fees paid during pre construction period will be allowed u/s 24 in House Property.
2. Whether the interest paid and processing fees paid to be capitalised to HP.
3. Whether the processing fees paid will be considered as "Cost of Acquisition" while selling the said property in the future.
My mother opted for voluntary retirement from service at 57 years of age from central government...
Whether she can enjoy exemption on 100% of retirement benefits or the exemption would limit to Rs. 500000/- as prescribed under section 10(10C).
What is a interpretation of Sec 2(ea)(i)(3). A house used for own business or profession.? Can you explian with example. Thank you.
hi, an employee of a educational institution receives fees for guest lectures from other institutes. is this income from guest lectures is taxable in business income or under the head other sources and also are there any allowable expenditures from this additional incomoe
please reply urgently
Hi !
I am into IT business. I have created HUF account with my family members. My question is what kind of income i can earn & show under HUF account ?
Thanks in Advance
Can director of a private limited company work for some other organisation too?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Sec 80tta deduction for a y 2014-15