Answers On Category: Income-Tax
What is the law and procedure to be followed for renewal of Registration as per new provision of Section 12AB of the Income tax Act, 1961 (Act)?
► Read Answer
Can the prosecution be initiated during the pendency and before the completion of assessment or during the pendency of Appeal before the appellate authority?
► Read Answer
For Income tax assessment For how much period the books of accounts are required to be kept under the Income - Act, 1961?
► Read Answer
A House property is sold for a consolidated value of Rs.1 Crore along with furniture. Value for the purpose of stamp duty of the house property is 95 lakhs & furniture for Rs.5 Lakhs was mentioned separately in the agreement. What will be the treatment of Rs.1 Crore receipt for computing Capital gain on house property sale? Value of furniture being personal asset whether liable to tax or not?
► Read Answer