Month: April 2014

Treatment of Advance Money Received,Slump Sale FMV Calculation under Capital Gain

COMPUTATION OF CAPITAL GAIN IN CERTAIN CASES
1. Section 51 – Advance Money Received
2. Section 50D- Fair Market Value deemed to be full value of consideration in certain cases
3. Section 50B – Special

Read More

When does income be taxed as Capital gain or Business income?

When the transaction involves transfer of capital asset then it will constitute capital gain, whereas transaction which is entered into normal course of business shall constitute business income.
We will see some Practical Issues regarding

Read More

Can Female,Minors,Junior Member can be Karta of HUF ?

First we should know who can become Karta and what is powers of Karta.The Karta is the manager of HUF and have wide powers by way of controlling the affairs of the HUF. The Karta

Read More

Various issues about TDS U/s. 193, 194, 194A, 194B, 194BB, 194D, 194E, 194EE, 194G, 194LA, 194LB, 194LC

Q.1. Whether assessee liable to deduct TDS u/s 193 on provision of interest in case payee is not identified.
Ans. Explanation to section 193 cannot be invoked in a case where person who is to

Read More

TDS on Fees For Professional Or Technical Services-Section 194J

TDS on Fees For Professional Or Technical Services-Section 194J
Let See list few Questionare which can defintely improve our study on TDS on fees for professional or technical services under section 194 J of Income

Read More

Creation Hindu Undivided Family (HUF) Under Income Tax Act,1961

HUF is beneficial to those peoples who wants to save tax through creation of HUF .following are the ways by one can save by creation of HUF .But till now many people are very confused

Read More