Dear Friends,
We are in process of Invesing Rs. 50 Lacs in NHAI/REC Bonds u/s 54EC to save Income Tax on Capital Gain. We will get 6.25% interest pa on the same.

Will this interset Taxable in our hand? if yes, at which rate?

REC/NHAI has been given special exemption from deduction of TDS on the same.

Dear Friends,
We are in process of Invesing Rs. 50 Lacs in NHAI/REC Bonds u/s 54EC to save Income Tax on Capital Gain. We will get 6.25% interest pa on the same.

Will this interset Taxable in our hand? if yes, at which rate?

REC/NHAI has been given special exemption from deduction of TDS on the same.

Dear Friends,
We are in process of Invesing Rs. 50 Lacs in NHAI/REC Bonds u/s 54EC to save Income Tax on Capital Gain. We will get 6.25% interest pa on the same.

Will this interset Taxable in our hand? if yes, at which rate?

REC/NHAI has been given special exemption from deduction of TDS on the same.

Dear Friends,
We are in process of Invesing Rs. 50 Lacs in NHAI/REC Bonds u/s 54EC to save Income Tax on Capital Gain. We will get 6.25% interest pa on the same.

Will this interset Taxable in our hand? if yes, at which rate?

REC/NHAI has been given special exemption from deduction of TDS on the same.

A NRI WANTS TO PURCHASE PROPERTY IN INDIA.
IS ANY RESTRICTION ON THE SAME? THE PAYMENT MODE WILL BE RUPEES OR IN FORIEGN CURRENCY.

IF NRI WANTS TO PURCHASE A HOUSE FROM HIS BROTHER, THEN WHAT WILL BE THE POSITION.

WHICH SECTION OF IT ACT, 1961 OR OTHER ACTS DEAL THE SAID CASE.

A NRI WANTS TO PURCHASE PROPERTY IN INDIA.
IS ANY RESTRICTION ON THE SAME? THE PAYMENT MODE WILL BE RUPEES OR IN FORIEGN CURRENCY.

IF NRI WANTS TO PURCHASE A HOUSE FROM HIS BROTHER, THEN WHAT WILL BE THE POSITION.

WHICH SECTION OF IT ACT, 1961 OR OTHER ACTS DEAL THE SAID CASE.

can any one please give a brief distinction between principal & principal relation and principal & agent relation.

Hi. I have one Query.. Please help me in resolving it..
A Chartered Accontant Claims conveyance Expenditure(Conveyance Reimbursement) from His Clients.
1) Is Any Kind of service tax Applicable on it?
2) Is it subject to TDS? If Yes under Which Section & At which rate?

If a person gets some gift, whether in cash or in kind, just because he's enrolled in their mailing list, what'll be taxability of transaction for him? He's selected for the gift by chance of luck and no participation or payment from his side?

can it be regarded as casual income and taxed under Income from other sources? Will TDS be deducted?

Hi friends,

Can anyone clarify me on this point

Are donations, both in cash and kind to recognized schools come under the ambit of scholarships u/s 115WB(2)(P)?

Awaiting your immediate reply.

Thanks in advance.

SRAVANI P