Dear experts,
we purchased new shop in our firm and shown them as asset and claimed depreciation and also debited its "interest paid" as financing cost in our p&l, to which our ca advised us not to show it as firm asset rather to keep in one of partner personal name so that he can get us capital gain benefit.
due to this planning we had to pay extra income tax.
kindly share opinions
Menu
Shop building for tax savings
Replies (1)
As per my view:
In this case opinion is not possible from me.
But, advice is better to act based on future complaint...
Better to avoid the plan...
In this case opinion is not possible from me.
But, advice is better to act based on future complaint...
Better to avoid the plan...
Recent Topics :
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
- 25-26 exempted sales
- Hotel stay below Rs.1000/- GST applicable or exemp
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
Related Topics :
CAclubindia
