Tax planning-very very urgent
This query is : Resolved
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..
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..
28 January 2014
Hi
Pl share details about source of funds? Use of property so purchased & approx taxable income of buyers.
Thx
Pl share details about source of funds? Use of property so purchased & approx taxable income of buyers.
Thx
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
28 January 2014
Is it flat or guest house? And Status of person investing is also required
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