This Query has 1 replies
How 2 account Keyman insurancy policy preimum, in which out of total premium one portion goes 2 term insurance and other goes to investment. Insured is Company , however it is observed that policy is assigned in the later years in the name of Director. How 2 account
This Query has 4 replies
How 2 account Keyman insurancy policy preimum, in which out of total premium one portion goes 2 term insurance and other goes to investment. Insured is Company , however it is observed that policy is assigned in the later years in the name of Director. How 2 account
This Query has 2 replies
I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.
1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.
2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.
3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.
This Query has 1 replies
I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.
1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.
2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.
3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.
This Query has 1 replies
I am in the construction industry developing IT parks and leasing it to STPI clients. To avail 80-IA benefits, the deduction is extended only for profits and gains derived.
1. please clarify whether this deduction can be exended to House Property Income wherein the rentals received from clients has to be considered as Income from House property based on so many case laws. Will the Dept disallow 80-IA benefits if this is being treated as House Property Income.
2. Our activity is not only letting of bare shell but also providing facilities viz., Air conditioning, DG backup etc., Can we consider rentals as Business Income and if so, on what basis we can consider as Business Income. Would request for case laws also to support the stand.
3. Also the objects in MOA of the company includes leasing of the property and based on this can we consider as Business Income and avail 80-IA benefits.
This Query has 4 replies
I WOULD LIKE TO SEEK GUIDANCE REGARDING HOW TO ANALYSE DIFFERENT MUTUAL FUNDS
This Query has 2 replies
I am student of CPT. I have not good preption should i go for november ?or next? How to preper CPT. Tell about good classis .
This Query has 2 replies
The Builder / Promotor imports architects services from a firm in Singapore who does not have PE in India. Can withholding tax u/s 195 be deducted from the fees / payment made to Singapore Architect and send TDS certificate to get the tax set off when he discharges liability since DTAA exists between India and Singapore.
This Query has 1 replies
sir
if an individual have Rs.400000 non agriculture income and agriculture income of Rs.700000, then whether surcharge will be applicable or not?
This Query has 5 replies
Is service tax applicable on rents received by one division, which is paid by an another division of the same company.
each division is profit center and the books are consolidated.
thanks
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Accounting for Keyman insurance policy premium.