Advance Money Received,Slump Sale on FMV 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 provision for computation of capital gains in case of Slump Sale […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
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 this topic….
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 receive interest cannot […]
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 tax act 1961 Q.1. Who is liable to deduct TDS u/s 194J?
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 about the way to create the huf ,Here are the many […]