Respected Sir,
Can I take Rs 10.00 lacs from my Father in law. If yes is there any tax liability will imposed on me or my father in law.
Pls advise.
Thanks
Sir
I want to got register our social organisation as a charitable trust,i am a resident of Haryana,what procedure i have to adopt& in which department i have to apply,we are providing free medical services for needy persons,plz enlighten.Thanks
Vinod
SIR MY INCOME FOR THE PY 2007-2008 IS RS
90570. SHORT TERM CAPITAL GAIN IS RS 123875. PL TELL ME WHETHER STCG WILL BE ADJUSTED AGAINST MY INCOME UPTO WHICH IT FALLS SHORT OF THE BASIC EXEMPTION LIMIT.
BASIC EXEMPTION LIMIT 110000
LESS INCOME 90570
SHORT FALL 19430
NOW STCG 123875
LESS SHORT FALL 19430
BALANCE TAXABLE 104445
PL TELL ME AM I RIGHT ?
wat is d difference betweent travelling allowance & transport allowance.
iNCOME TAX Sec.54F
One of my client has made a profit of Rs.25 lac from selling shares of Pvt.Ltd. company. He gave the entire consideration to a promotor for purchase of a residential flat. My query is that whether Sec.54F deduction will be allowed ob booking a flat or the physical possession of the flat has to be taken withing stipulated time of one year. Besides that whether deduction under sec.54F is at all allowable for Booking a flat because it speaks of purchase of a residential house.