A Partnership Firm dealing in sale of land by taking ''sale and development power of attorney'' from land owners.
The Firm is doing the following activities :
1. Took ''Sale and development power of attorney'' from land owners.
2. Developed land ( Here Development means only provide boundary, Filled up land with soil and ashes, clean bushes etc.
3. Sold land as capacity of attorney.
4. As per agreement or Sale and development power of attorney the firm takes the Consideration from buyer and transfer it to the seller.
My queries is
1. What are the Gst Provision applies to the Firms . ( Firm Took Gst Registration)
2. is Gst liability arised on the Firm .
3. If Liable how to calculate it.
Please help and guide me how to deal with it.

My rental Income is Rs600000. Will standard deduction of 30% will be allowed under new Tax regime. How will be rental Income calculated under new Tax regime.?

XYZ(Maharashtra) is issuing a service invoice on PQR(Gujarat) towards painting contract undertaken at Gujarat by charging IGST. The items required for painting is procured by XYZ from outside Maharashtra and directly delivered at Gujarat site address. In the invoice the supplier is mentioning buyer as XYZ and delivery at Gujarat site address. The supplier of these items is charging IGST to XYZ(Maharashtra). Can XYZ claim ITC of the same?

Does it will attract stamp duty when firm dissolve and transfer land to its patner as thier capital

Dear Sir/Ma'm
I have filled Form 24Q Q4 for the FY 20-21 it got rejected immediately with the error description Invalid Chapter VI-A section ID (line no 207) so I checked text file line no 207 it was about sec 80CCG and the team member whos details were showing in text file fall under new regime so there were no investment declare by her. I did not understand what it actually means I called our TDS software support team then tin helpdesk but no use
I call efiling helpdesk they said to sent an email, I did that but no respond I received.
I need your help to understand this and what action I should take
Looking forwards to hear from you

Thank you in advance

Hi All

Can builder opt for composition scheme if his turnover is less than 1.5 Crs. and file CMP 08 under composition?

Whether GSTR4 to be filed along with CMP 08?


Thanks in advance

My beauty parlour business he professional tax paid ? yes or no ?

How to maintain the book of accounts for trading in shares (Intraday/positional/F&O) for errorless ITR filing

Dear Sir/Madam

We are running a Automobile dealer business. We selling automobile parts to the customers. we received a courier charges from customer to send parcel.

Please confirm the SAC Code

Thanks

In EDP program of ICSI, speaker says that after qualifying CS exam develop habit of reading .
I want to know what to read & how to read .
Means suppose answer is read Bare Act , so how to read?
As we read for exams from the beginning to end with highlighting key points?
Or what is suggestable material to read & what way to read it o be a competent professional?

Thanks in advance