Status of assessee and tax rate
This query is : Open
12 August 2015
SIX INDIVIDUAL [ 3 BROTHERS AND THEIR WIVES ] HAS PURCHASED A PLOT OF LAND. THE PURCHASE DEED ALL THE SIX NAMES HAVE BEEN MENTIONED AS PURCHASED. NOW, THEY WANT TO CONSTRU RESIDENTIAL HOUSES ON IT AND TO SELL THEM LATER ON.
THEY DO NOT WANT TO FORM PARTNERSHIP FIRM.
THEY DO NOT WANT TO FORM PARTNERSHIP FIRM.
12 August 2015
They can enter in to partnership on which 30% tax payable. Salary and interest on capital can be a allowable deduction and taxed on individual partners based on slab rates.
12 August 2015
THEY DO NOT WANT TO FORM PARTNERSHIP FIRM.
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1009681
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1009681
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