There is a joint development agreement for development and sale of ancestral land. Four individuals formed a partnership to develop and sell their ancestral land. Who is liable to pay the capital gains tax? Can the partners transfer the land to the partnership at market value? Can the partnership bring the market value of the land as the contribution of the partners? Can the experts kindly explain how the partners and the partnership can plan the taxes in a prudent manner?
in our area group of businessmen want to get registered their group as all the businessmen are friends so just to have it legal status what could be done as they don't have any profit motive nor they have any social motive would it be Club ? would it be society? would it be call aop? what is right think to do
the trading of shares in intraday i.e. buying on the same day and selling on the same day and the loss derived can be set off against income from other sources or not
I invest some part of my salary in share market it is needed to be have any limit for tax
What are the Company Law provisions and responsibilty of the Company Auditor where loan taken by the company from a Financial Institution or a Bank is utilised for personal purposes of the company's director?
Dear Sir,
I am working account with Hospital, I have get a bill against patient breakfast, lunch & diner supply by vendor. I have a queried for in which expense head book of this type of expense.
Thanks
Kirpa Nath Jha
Hii
A company is taking labour supply services from various contractors and the same is used on various parts and process in factory. The statutory liabilities like PF, ESI are discharged by contractors. if the GST paid on labour supply bills is available as input to the company? Is any reverse charge applicable?
Dear Sir,
We are a firm and going to have a stall in an exhibition......will the TDS be attracted while we will make payment to the Organisors of the exhibition, if yes, at which rate?
Regards
Rupinder
Sir,
I am a Sr. Citizen having an A/C under SCSS in SBI . My income exceeds 3.Laks but for taking maximum benifit under 80C & 80D I don't come under Income-tax and for that I submitted 15H form on time. I received a SMS from my bank on 30th Sept. 2017 that TDS of Rs. 4,015 /- ( 2,815/- + 1,200/- ) has been deducted on 30th Sept,2017 from int. of SCSS A/C for 1st and 2nd Qrs. On meet to bank Manager and showing 15G , the manager said , no further TDS will be deducted from my A/c and 16A form will be issued to me at the end of this FY. TDS amt. will be refunded after filing return. Actually Bank has done wrong . In such case whether I can lodge complaint against SBI and where complaint will be lodged for wrong deduction of I-tax.
With regard,
Sudhir Saha
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Capital gains