please if any member can help me i've got a case in which a institution not registered u/s 12 has received a corpus donation of Rs. 50,00,000 the institution is also not attracting section 10(23)(c) what will be the tax calculation is there any way by which we can save the tax...
I have borrowed funds from my sister to acquire a commercial property which was subsequently rented out. Can i get the deduction u/s 24b for the interest paid to her? if yes, is there a judgement supporting the same?
« Last post by Myitat on February 05, 2016, 02:42:49 am »
Dear all Plz give your views on the issue that when an asset forms part of a block of assets. An asset is purchased but not put to use during the previous year of its purchase then whether its actual cost be taken as "actual cost of assets falling in the block of assets acquired during the previous year" u/s 43(6)
Take an example Opening WDV Rs. 13000 with X asset in block Actual cost of Y asset acquired but not put to use even for a single day Rs. 6000 Money payable on sale of X asset Rs. 20000 Now whether to consider cost of 'unused' asset in wdv u/s 43(6)?