As 8% specified in 44ad is minimum %.
can i assume morethan 8%...??
Dear Sir
I have purchased an industrial land in rajasthan for Rs 10 lakh from Rajasthan Development Authority. As per terms of payment, i have opted to pay in EMI and i have paid Rs 2 Lakh as interest. The total amount paid is Rs 12 lakh.
Now i have sold the plot at Rs 13 lakh.
Question is:
1. What is the capital gain?
2. What will the treatment of interest paid to rajasthan authority?
M CA Final student i want to know how to read SA and how it is answered in exam. M see many reference book it is just answering by giving just only SA number. Any book for the same if yes please tell me.
what are taxation provisins relating to society registered u/s 1860 but not registered u/s 12AA
I file income tax online and receipt send to CPC sign done with black pen. Is it any problem?
dear sir we are arranging walkie talkies on hire basis to our clients on tax view we are charging mvat @5%. one of the client is asking us why u r charging mvat instead of service tax. we clearly explained on mvat act . but customer is not convinced . pls provide act copy and section
Section 44ad