I have forgotten to open capital gainn account on or before the due date of filling itr. I have not submitted ITR also till now. What can I do to get exemption from huge capital gain burden?
Answer nowAfter due date i.e 31st july in most of case but before submission of ITR ..can I open capital gain account scheme ? In this case I have not submitted ITR on or before due date?
Dear Sir/ Madam, Kindly tell me the complete procedure to know the Date of Birth of HUF , as one of my new client doesn't have it's date of formation. So I want to know the procedure to get that date. Plz assist me. Thank You
Answer nowHi
I am registered dealer under GST. I had paid Truck Freight as under.
A.Rs.700 to a unregistered goods transport agency on 7th July,2017.
B.Rs.4500 to a unregistered goods transport agency on 10th July,2017.
C.Rs.40500 to a registered goods transport agency on 15th July,2017.
All the above goods transport agency not charged any GST on the truck freight.Now on which of the above transactions;Should I Charge RCM(Reverse charge mechanism)
and how the accounting entries will be passed.Also whether can I claim Input credit of the above RCM;If yes how the accounting entries will be passed ?
What if, the turnover of business of Transporter exceeds Rs 1crore in FY (15-16)? Can we still adopt 44AE in such case and disclose income of Rs.7500per month per vehicle? Is there any requirement of audit in such case?
Answer nowDear Experts, I am a house wife with out any income as such,except some FDs out of accumulated savings. I never used to file any IT return,because my income used to be much below 2.5 Lacs. Recently I started small time trading in shares,but even with this my income never approaches 2.5 Lacs. Under the circumstances,do I have to file IT Return, only because I trade is shares ? Thanks
Answer nowPitaji se24 lac ka ghar gift me mila, To taxable rahega ki taxfree
Answer nowDear Experts, Good evening, Sir, My wife got gifted amount Rs. 350,000/- and that amount transferred to our joint A/c due to insufficient funds to show in my A/c for Europe visa purpose, please let me know how I have to show the amount in my ITR and also let me know whether it is not taxable income or taxable income... Thanks in advance
Answer nowHow many Assessment Year IT return can be filed at present by one of my friend whose TDS has been deducted for last four assessment years but his total income is below taxable limit. please suggest as per present income tax rule.
Answer nowCan anyone solve the below problem? Two NRI people jointly bought a house property on 02/01/2007 for Rs. 10,51,000. They sold the same on 12/04/2016 at for sale consideration of Rs. 35,00,000. Compute the Amount of tax liability of each person for A.Y 2017-18 assuming there is no other income.
Answer now
All Subjects Combo (Regular Batch) Jan & May 26
Capital gain tax