Answer / md

according to section 64 of income tax act. any advances
given to to you wife is not regarded as advances it wil be
taxed in your hand.

Answer / muruasm

hi, i gave some amount to my wife for a property purchase
and the property was registered her name. the amount which i
gave for the property was my own income (salary). what is
the tax treatment for this amount, can i show it as a loan
given to wife. also how it will be treated in my wife's ITR?
and also my ITR?

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1 Answers  

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what is the Income tax updated slab?

5 Answers  

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who is person issued form "H" in case of sale against form "H" (export sale)?

1 Answers  

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Any body give journal entry for this PURCHASEA/C DR 500 S.TAX 50.0 SUNDRY CREDITOR 450.00 AND Which amount i taken in purchase ledger and which amount i taken in s.Tax ledger and which amount i taken in sundry creditors ledger wat are the details i require to maintain with regard to submitting of s.Tax return

3 Answers  

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what is the income tax rates of domestic and forgin companies

1 Answers  

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what is the journal entry of outstanding wages ?

27 Answers   ABC, OBI,

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Advance given to wife for buying a property ; tax treatment?

2 Answers  

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1 Answers  

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One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?

2 Answers   ABC,

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How you calculate Personal tax, business tax, income tax, service tax?

2 Answers   APC,

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What is work contract?

2 Answers  

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What is the due date for issue of TDS certificate under salaries and in what form

1 Answers  

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