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| Wether Transfer of immoveable property by family arrangement does it attract stamp duty? | |
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| Excerpt of query: | Sir, Under a family settlement if 1 faction of the family beneficiaries relinquishes their rights in property of the Family trust in the favour of the other beneficiaries, at the time of registration of this transfer, will this attract stamp duty if yes then what will be the percentage. The Trust and the Properties are situate in Mumbai. Thank you in anticipation of an early reply. |
| Can prosecution proceedings be launched before completion of assessment proceedings or pendency of appeal? | |
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| Excerpt of query: | Can the prosecution be initiated during the pendency and before the completion of assessment or during the pendency of Appeal before the appellate authority? |
| How many years the books of account and other documents shall be kept and maintained by the persons carrying on certain profession u/s 44A(3) of the Act? | |
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| Excerpt of query: | For Income tax assessment For how much period the books of accounts are required to be kept under the Income – Act, 1961? |
| whether sale of furniture is liable to capital gains tax? | |
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| Excerpt of query: | 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? |