My father in law is selling his agricultural land , I wanted to know about the capital gain implications. The agricultural area is in rural area so I believe there is no tax , but I have few doubts :
1. He also has a piece of land ( containing pond and the other area is lying idle and has few coconut trees and other plants ) how about the tax for that piece of land .
2. The seller has asked if father can except cash , if yes till how much is permissible ?
3. How to show in itr and which itr is to be filed
Dear Sir
Please give me draft board resolution for director salary\remunaration for Private Limited.
Please note that salary change every year
Please help
Sir,
The gross total income of my friend is around Rs. 12 Lakhs, of which, Rs. 6500/- pertains
to Insurance commission and the rest is against contract payments. Can he file IT return
by using ITR 4 - Section 44AD ( Business Income ) ?
Please advice.
Regards.
A vendor has issued Invoice for "Rain water harvesting systems" under SAC code 999490 with all service and material in his scope: [ made Recharge Well ]
My question is:
1) Is it capitalized under which category P&M or Building ?
2) TDS deducted under which section ?
Sir, our concern is a private limited company(Retail Industry) we are providing gifts to the customer hence, we r accounting in promotion expenses for that Tds94R application or not sir. Please clarify
One GST was cancelled on writing application and the same was cancelled effective from 1/12/19
Return were submitted till November 2019.
Now on applying for GST another time, the GST authority asking for as follows:-
"your requested to furnished proof of payment of tax and copy of final return in form GSTR-10"
Final return (GSTR 10) was not filed earlier.
Now how to do it
Can a CA in practice get share trading dealers terminal in his name? Will it be considered as business or profession? Will it be considered as professional misconduct?
How many years DTA and DTL can be carried forward .
My client is LLP has taken TAN number last year in july while LLP registration but has not deduct any TDS or collect any TCS till date. LLP is not in audit in previous year.
1.) Is there any liability to file TDS/TCS return?
2.) If yes, then can we file TDS/TCS return by ourself or do we need to go to NSDL center for return filling. What is the procedure?
Thanks in advance
E-way bill can be generated in the case of B2C when turnover 20 crore during last financial year .
Tax on sale of land