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| *The Commerce Journal>>>India Taxes |
What are the ways to buildup capital for new HUF file from tax planning point of view? |
What are the ways to buildup capital for new HUF file from tax planning point of view? Normally it is not passable. But with the support of individuals, HUF can build capital. For instance one my friend is having 4 individual files and 1 HUF file in his family. They do money lending. The individuals are giving loans to HUF at a bank rate of interest and the HUF is giving loans to others at a higher rate of interest. Like that which ever is profitable, they allow HUF to do that. Hope that you under stand my point. please contact |
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they'll have to go file to get it... ...The tax on long term capital gains (On property) is @20% flat rate. That is on indexed gains and not on direct gains. Index gains will lesser than direct gains. If the property is very old (say ... if you want to double or triple your money in just a year.. go in a casino... if you want 500 % returns over next five years.. invest in Mutual funds (for no less than five years.. ) ...It depend on the bank. They may simply return the cheque to your or they may take action against you. ...To file IT return PAN card is not required but only the PAN number would be sufficient. And you must know your PAN number to file it or apply for a duplicate PAN card. Go at ... salary is taxable on due or receipt basis which ever is earlier ...Tax calculators are avilable in the web link given below for free. You can down load it and can calculate your tax at any time you like. ... Your application is under process at NSDL - TIN Facilitation Center. ... |
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