Answers By Expert: Advocate Neelam Jadav
  Can prosecution proceedings be launched before completion of assessment proceedings or pendency of appeal ?
Can the prosecution be initiated during the pendency and before the completion of assessment or during the pendency of Appeal before the appellate authority?


► Read Answer

  whether sale of furniture is liable to capital gains tax ?
A House property is sold for a consolidated value of Rs.1 Crore along with furniture. Value for the purpose of stamp duty of the house property is 95 lakhs & furniture for Rs.5 Lakhs was mentioned separately in the agreement. What will be the treatment of Rs.1 Crore receipt for computing Capital gain on house property sale? Value of furniture being personal asset whether liable to tax or not?


► Read Answer