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NMIMS – Taxation Direct and Indirect-Mr. Ammar was out of India only for 60 days

Mr. Ammar was out of India only for 60 days Taxation - Direct and Indirect   Q1: Mr. Ammar was out of India only for 60 days in the previous year for the first time. He wants to know about what will be his residential status for the previous year. You are a Tax advisor,…
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There are certain instances where the cost of an asset to the previous owner

Taxation – Direct & Indirect   There are certain instances where the cost of an asset to the previous owner   “There are certain instances where the cost of an asset to the previous owner shall be taken as the deemed cost of acquisition for the purpose of computing capital gain if such asset is…
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