Please Help: Income tax
Posted Date : 16-Apr-2013 , 09:57:40 am | Posted By PARMOD BANSAL
One of our clients has constructed and leased warehouse to FCI under its PEG scheme. The rental is fixed @ per M.T. of storage capacity. Can he claim deduction u/s 35AD as FCI had advertised that the same will be available. Secondly, is service tax leviable on the same or not as the same is being used for storage of food grains
Category : Income Tax | Answers : 0 | Comments : 2 | Hits : 114
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RAHUL
16-Apr-2013 , 12:21:15 pmI have brought a house 8months back for rs. 5000000/- and last week i sold my old house property. what are the implications and what taxes do i need to pay, further what taxes i can save and how?
ANKIT AHUJA
17-Apr-2013 , 02:49:40 am35 ad not available as it is available only for undertaking engaged in warehousing...as your cliend has leased to FCI 35ad cannot be claimed by your client....service tax not be leviable as it is exempt under mega exemptions notification no. 25/2012-st