Send Form 16,Form 16A automatically How can we save Time, Energy and Resources by Sending Form 16, Form 16A and other Forms automatically ? Simply by using the Powerful Tool Microsoft Excel!!
Revised PAN Application form for “Mothers name on PAN card” CBDT has revised PAN Application form 49A and 49AA wef from 16.05.2014 vide its notification no. 26/2014 , Dated- 16-5-2014. Revised Form 49A and 49AA provides option to get printed Mothers Name on PAN card. So those applying for New PAN card or for revised […]
Approval of building plan is not necessary for availing exemption Under Section 54F The assessee has allegedly utilized the Long Term Capital Gain arising from the sale of shares towards the construction of a new residential house after demolition of old building on the plot-in-question. The assessee has claimed exemption Under Section 54F on the […]
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 […]
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….