1.What is the meaning of tranfer income?
Answers were Sorted based on User's Feedback
Answer / husna
Transfer income is an income transferred by an assessee to
other person, inorder to avoid tax.(Ex: Bond washing
transactions)
Is This Answer Correct ? | 19 Yes | 8 No |
Answer / mark
In case of clubbing of income transfer of income means if
transferor transfers property to another person without
transfering the ownership rights then income on such
property is chargeble under the transferor
Is This Answer Correct ? | 3 Yes | 9 No |
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
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