Easy Office
LCI Learning


Shweta

What are the Income Tax Implications if the plot of land is owned by the Husband and commercial building/shop is constructed by his wife from her own funds? The Land is situated in Karnataka.
Property Registration Queries
A) Is the separate registration required for the building (under The Karnataka Registration Act, 1961), the purpose of the building is commercial shop and to fetch rental income?
B) What type of documentation is required to have legal and separate ownership of Land and Building of commercial property?

Answer now

Mahabir Prasad Agarwal
14 December 2023 at 12:06

Eway Sale Bill not entered

Sir, Mr.A sold goods to Mr. B and generated e-way bill during July,2023 but due to some unavoidable circumstances / mistake , Mr. A could not show the same in GSTR 3B of July,2023. What is the solution now ? Whether Mr.A can show the same in GSTR 3B of August,2023 (Which is pending to be filed till date ).

Answer now

DIVYESH JAIN
11 December 2023 at 15:38

Amount received in cash from neice

Dear Sir,

If a person has received an amount more than Rs. 15 lacs in cash from his neice and that cash is deposited into bank then what will be the taxability in such case while filing income tax return.

Please help me in this matter.

Thanks,
Divyesh Jain

Answer now

binu sukumaran

Sir.
We have an export transaction during Nov 23. We try to file Gstr 1 this transaction in export invoice with payment of tax.
While filling Gsrt1 follows email received.
" invoice not transmitted to Ice gate because of negative ledger balance ".
What next step taken .
Please advise.
Binu

Answer now

Pankaj

Respected CA R SEETHARAMAN Sir,

Please Let me advice, If GSTR9 Not filed F.Y 2021.22 till dated, T/O 4.53. Cr. Nil tax rated,

Kindly advice me. What to do.


Answer now

RAJEEV KUMAR MEHTA
10 December 2023 at 10:11

NRE Account in ITR

Dear Sir,

Is NRE account required to be reflected in Income Tax Return in India? This is in view of the fact that Assessee is filing the return in the country of residence abroad and also in India for income arising in India.

Kindly Advise!

Thanks & Regards

Answer now

Dipen
09 December 2023 at 17:20

Tax audit applicability for loss

Dear Experts,

In case of HUF , turnover = 30L approx and net loss around 2L. Will tax audit be applicable for FY 23-24?

Regards,

Answer now

RAJEEV KUMAR MEHTA
09 December 2023 at 13:41

Non tradeable Shares


Sir,

I have some shares in Demat account which are no longer traded on stock exchange!

How can I remove such shares from my demat account?

Kindly advise.

Thanks & Regards

Answer now

Hemkumar
09 December 2023 at 13:38

JOB WORK RELATED ISSUES

A Principle Registered person sending goods for job work to the place of registered job worker, whether registered person need to show place of jobworker as its aditional place of business in his registration certificate ?? If answer to the above question is "Yes" but principle person has not complied with it than what is consequences ??

Answer now

suresh s. tejwani

Mr A's Return has been defective for not verifying return within 30 days. Whether there is any option of withdraw the same return and file new return ?

or any other procedure to make such return valid ?

Answer now






Answer Query