Answers to queries on legal issues

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QA Test 1
Subject: QA Test 1
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Asked by: QA Test 1
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Date: April 21, 2021
Excerpt of answer:
The concept of "block of assets" was introduced with effect from 01.04.1988. To understand the concept, lets look at the statutory provisions. Provisions of the Income-tax Act: Section 32 (1) reads as follows: "32. (1) In respect of depreciation of - (i) building, machinery, plant or furniture, being tangible assets; (ii) know-how, patents, copyrights, trade… (read more)
Hindu Succession Act, 1956 -Hindu Undivided family (HUF) -Formation of HUF
Subject: Hindu Succession Act, 1956 -Hindu Undivided family (HUF) -Formation of HUF
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Asked by: test
Answered by: Reply of the Expert is awaited;
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Date: April 21, 2021
Excerpt of answer: Reply of the Expert is awaited. Please check back later
Can a co-op housing society compel members to pay donation?
Subject: Can a co-op housing society compel members to pay donation?
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Asked by: Narendra Rajput
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Date: April 18, 2021
Excerpt of answer:
Section 79A of the Maharashtra Cooperative Societies Act reads as follows: “79A. Government’s power to give directions in the public interest, etc. (1) If the State Government, on receipt of a report from the Registrar or otherwise, is satisfied that in the public interest or for the purposes of securing proper implementation of cooperative production… (read more)
Can I claim set-off of long term capital loss incurred on sale of listed securities against taxable income?
Subject: Can I claim set-off of long term capital loss incurred on sale of listed securities against taxable income?
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Asked by: Mukesh
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Date: April 18, 2021
Excerpt of answer: Reply of the Expert is awaited. Please check back later