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Whether Promise To Marry Is Allowed Under Rule Of Exemption Of Gift Income Tax Act?
Question by sv | Posted in India
Mr.X has affirmed gift to miss.Y above Rs.50000,is it exempt under income tax act if they both are in promise to marry?
Answer: my sweetie-pie friend , Income tax department do not act as per sentiments. They have a frame work of law and every section is also abide by by-law. Backsheesh is defined u/s 56(2) where in specifically defined that a gift from spouse is tax free not from a would be spouse.So my adored friend in case
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Income Tax Act 1969, Who Can Claim The Depreciation Under The Financial Lease?
Question by aslam moosa | Posted in India
about fiscal lease. under income tax act depreciation is provided for the legal owner of the business ie, for lessor, but recently in a the actuality supreme court held that depreciation can be claimed by the lessee also, plz reply.
Answer: No import the type of lease only lessor can claim the depreciation.
Is FMPB Applicable Under Section 20G Of Indian Income Tax Act For Tax Exemptions?
Question by rram r | Posted in India
Hi can any one clinch if my monthly donations for the development of a child by FMPB (Friends Missionary Suit Band), is applicable for exceptions under the Section 80G of Income tax act.
For mor information, FMPB a type of Cristian devotion society, which help poor children(not sure if
Answer: The system has to apply to the Income Tax Commissioner for exemption from taxable status in respect of donations received by it. Once this dispensation is granted, donations made to this Society will be eligible for tax benefits under section 80G.
Why Depreciation Differs In Companies Act 1956 With That Of Income Tax Act 1961.?
Question by ivar | Posted in India
and why companies get up Depreciation Statement both as per companies act and income tax act. what is the need as such?
Answer: precious
the very basic purpose is that by giving higher benefit in income tax the GOvt want you to induct more in capital infrastructure to save tax and by this way they want to build a chain of capital investment. there in nothing other moto in this.
Tax Shelters in Canada 1 - Income tax act and the CRA
www.mytaxmoneyback.com Tax shelters are defined in the Income Tax Act of Canada as a statutory way to reduce your income taxes. Learn the truth about ...
Ontario Real Estate: Section 116 Income Tax Act Canada ~ Real ...
by Brian Madigan LL.B.
The Clergywoman shall forthwith outgoing to the non-inhabitant in the flesh and the proposed purchaser a certificate in prescribed order in venerate of the proposed management, fixing therein an amount (in this portion referred to as the “certificate limit”) the same to the estimated amount set out in the take heed of in accordance with paragraph 116(1)(c). You will cognizance that under part 116, it is the function...
INCOME TAX ACT
"annual value" has the same message as in section 2 of the Property Tax Act (Cap. ... Income Tax appointed under section 3 (1) and includes, for all purposes of this Act ...
TaxACT
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Income Tax Act, 1961
Income Tax Act, 1961, Indian Laws and Defoliated Acts at Vakilno1.com