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Sandeep Vij
A property s in the joint name of me and my wife. However all payments were made from my account. Since I had paid the entire amount can I take credit for the entire capital loss for set off against capital gains against another property.
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Sriharivel
Do I get income tax notice for cash deposit of 4lakhs borrowed money for my brother college fees
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It is not necessary that you will receive an Income Tax Notice against it.
T&C applyC
Charlie
Can a father give a car as a gift to his son ?
Yes, a father can gift a car to his son, which will be entirely tax-free for the son because they are relatives.
For more information, you can connect with us at ca.pujasharma@outlook.com
Thank you so much .
Do we should prepare any gift deed for the car received from father ?
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Prince
What would be the difference between pvt.Ltd and LLP in terms of taxation. How the tax will be calculated for the firm and the directors. Ex. I would be one of the directors and what would be the tax for the firm and myself calculated separately.
For LLP the rate of tax applicable is 30% but for Companies, it will range from 25% to 30% generally. Further remuneration drawn by partners and directors is taxable in the hands of the recipient in both the cases.
T&C applyM
Munesh
Can I show my parent Life Insurance policy in My Investment ?
Yes, you can show their LIC policy under your investment if you depend on you. However, you cannot claim any income tax benefit against their premium
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