property ownership
How a Will Can Save You a Lot of Tax
Many tax advantages are possible only through a Will. For example, a separate income-tax file for a Hindu undivided family can be established by transfer of property through a Will. Similarly, bequests can be made to minor children and minor grand children through a Will in a manner such there is no clubbing of income […]
‘Works contract’- VAT on property under construction
VAT is applicable on works contract. So according to supreme court, VAT is applicable on building contracts and property under construction. In a building contract where the land owner gives the land to the builder for construction and in return gets a portion of the developed property, then it comes under a work contract. Then […]
