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Tax planning-very very urgent

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(Querist)
28 January 2014 Dear Sir,

We have purchased flat in Mumbai...now Kindly give me the advice what will be good for Tax planning purpose.. to show it as an Investment or as an Fixed Asset..Purely from Tax Point of view..
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@VaibhavJ

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@VaibhavJ (Expert)
28 January 2014 Hi

Pl share details about source of funds? Use of property so purchased & approx taxable income of buyers.

Thx
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CA Deven

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CA Deven (Querist)
28 January 2014 It will be used as Guest house ...Depreciation rate as per IT Act is 5 %...10,00,00,000 is the amont of that property
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@VaibhavJ

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@VaibhavJ (Expert)
28 January 2014 Is it flat or guest house? And Status of person investing is also required
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CA Deven

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CA Deven (Querist)
28 January 2014 Company is investing in a guest house
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CA Deven

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CA Deven (Querist)
28 January 2014 Where are you Vaibhav Bhai
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