Choose the amount of final tax liability of Mr. Raj for the assessment year 2007-08:
Tax slab for male / HUF(for AY 2007-08)
Rs. 0 to 100000 --- No Income Tax
Rs. 1,00,001 to 1,50,000 --- 10%
Rs. 150001 to 2,50,000 --- 20%
Rs. 2,50,001 and above --- 30%
Note: A surcharge of 10% on income tax amount is payable if total income is exceeding Rs. 10,00,000 and a 2% education cess is payable on the income tax amount and surcharge.
Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:
Where an estate is liable to Inheritance Taxes, the tax is usually payable within ________________ of the end of the month in which the death occurred. If it becomes overdue, the amount owing may incur interest, currently at ___________ (as at April 2012).
Estate Planning Process is eight-step procedure that a manager has to follow. The Eight Steps are as given below (not in any order)
The correct order is
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