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Exemption u/s 10(23) is not talking about the corpus donation received. hence will be taxable if registration u/s 12a is not taken.

Satish Garg
9818415390

further,
more than 10% shares of the private limited  as on the date of transaction should be held by director, then the Deemed dividend is applicable u/s 2(22)(e).

Thanks
CA Satish Garg

AO has  disallowed method of our valuation of vehicle ehich we have taken  as per  the Balance sheet  but AO has calculated the same on Income tax Act.
Please give us any case law which support my view.


Thanks

yes, I also agree with Mr. Sai as it is a supply of goods which does not attract any tds.
Being the nature of the goods it is supplied in the tanks and it the site of the buyer.

 you can find out the case laws on taxpundit.org

Satish

but roof does not have any cost  and no roof right has been sold to buyers. in  that case roof right is with comany having notional value. in that circumtances, rental income from towers is be taxable under the head income from house property.

A commercial  building is developed and fully sold by a builder. The builder doesnot have any inventory in the books of account . what is the treatment in the income tax Act in the follwoing circumtances:-
1. When car parking charges is collecting from the buyer over and above the space sold to them for  uses for additional car parking and the builder does not have inventory in his books of account. can this rent is taxable under the head income from house property.
2.Similary for tower rent  collected form the telecon company, rental  income is chargeable under the head income fromhouse property.
in both the circumatances please quote the judgement.

What about the employee who give the interest on borrowed fund for construction of housed held in the joint name with his wife in the following two circumtances:-
1. if all the EMI are paid by husband.
2. if huband and wife both pay the EMI.

Should the employer take the interest on housing loan 1.5 lakhs or to be restricted his share only.