Whether a Trust or society can take a Keyman Insurance policy ? Whether the premium can be paid by the registered Trust/Society pay premium for the key members of the executives of the trust. Is the payment of insurance paid by the trust/society be treated as business expenditure of the trust. In the event of the risk circumstances the policy proceeds received by the Trust/Society be taxable ? In the event of assignng of the trust does the family member can receive the proceeds ? Whether the funds received into trust on the death of key Member executive will it be passed on to the successor of the family ? Is this income taxable in the hands of the beneficiary
chandra sekhar pvs
WE ARE PAYING INCENTIVE TO OUR SALES PERSON FOR ACHIEVEMENT
OF SALES TARGET
CAN WE ARE LIABLE TO PAY GST ON SALES MANS INCENTIVE PAYMENT
YOU ARE REQUESTED TO GUIDE US.
Dear Members.
In gst regime I'm confused about branch trf both inter and intra, I have studied here that No GST shall be levied on intra-state branch trf. Pls let me know the relevant section, rules, wherein it is stated that No GST is chargeable on intra-state branch trf.
Thanks
Rohit Jain
I need to incorporate a new private company, where the 51% shares would be held by an Indian promoter and 49% is to be held by a foreign company (Chinese Company). will the company Incorporation procedure be same as other private Company Incorporation or do we need extra documentation for the same? will RBI come into scenario
I sold my old house in Sep 2014 and used the long term capital gain of Rs.20L from that to construct a new house. The construction of the new house was completed in time before Sep 2017 and I am currently living there.
Unfortunately, I have to sell the new house as well. So, now how will I be taxed.
I have already taken exemption under sec54. So, I am not allowed to sell the new house before Sep 2020. But if I sell the new house now for say 50L how will the tax be calculated.
I HAVE REGISTERED UNDER GST ACT IN MAHARASHTRA. I HAVE PURCHASED CLOTH RS. 105000/- FROM URD SUPPLIER. NOW I CAN GENERATE EWAY BILL FOR INWARD SUPPLY. IN EWAY BILL WHAT MENTION BY ME BILL OF SUPPLY OR TAX INVOICE. PLS GUIDE ME.
Sir,
We had purchased one 1 BHK house in 2015 which was registered in my father name & loan was taken from OBC Bank by my father. This property is under construction till date. My father retired in 2018 now i have transferred loan in my Name but property still registered in fathers Name. Question is can i get home loan deduction for EMI paid by me. It will be great help if you could suggest relevant sections
Thanks
Hi all
I have given my inter indirect tax paper in dec in that i have attempted 5 questions instead of 4 questions as asked in question paper . Now i realized that my previous 1 qst ans is completely wrong so are the going to consider my last question and give it marks or will they take it as extra please let me know..
Hi, I am a qualified CMA and also a member of Institute. Can i do Master of economic with my private job? if yes what could be the benefits as far as career is concern ??
Kindly advise
Regards
Prasant
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