Sunday, April 21, 2019
Taxation of F & O transactions

Taxation of F & O transactions

Taxation of F & O transactions Query 1] I am trading in equities; both delivery as well as non delivery based & make short term...
Merger, Demerger & Amalgamation- Tax implications on shareholder

Merger, Demerger & Amalgamation- Tax implications on shareholder

Merger Demerger & Amalgamation Query 1] 1000 equity shares of face value of Rs. 10 in N.F.C Ltd were allotted in March 1991. Consequent to...
Even small size firm are to get its accounts audited if income offered for taxation is less than 8%  

Even small size firm are to get its accounts audited if income offered for...

taxation is less than 8% Query 1] We have 2 small Partnership Firms, one doing trading and other doing profession. Turnover in both the firms is...
Second house property: Income tax without actual income

Second house property: Income tax without actual income

Query 1] The first housing loan has taken by me in year 1994 and I am taking benefit in income tax, rebate of amount of...
Income tax is not always on real Income

Income tax is not always on real Income

Query 1] My nephew is working as a LIC agent for the last ten years  In 2011 he has purchased a piece of land for...