income tax deduction house repairs

Tuesday, August 31st, 2010 at 9:19 pm

taxes from share? : People respected and CA: Please clarify the points. 1) Can the trade govt.employee /

invest in the stock derivatives, since it is a business income? whether trade or transaction to day 1 2 .. may be the ShortTermCapitalGain? or may separate STCG business income in derivative transactions? If I have own house, what are the limits for deductions / depression of the income of the company to repair the house purchase furniture, gift of family, computers, etc? The same goes for STCG Appice, too? Is it right that the tax audit is required if the turnover trasaction share> 40 lackhs? when the "clubbing income 'will apply? , To give as a gift or a loan to my neighbors, relatives do not make investment derivative? If so, how to avoid it? Greetings!

for dertivates, profits are taxed @ 30% and is taxed as business income. And audit is a must.

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