I had planned to purchase a new residential flat against the sale of my old residential flat,using the benefit of Section 54,viz,

“ Any long term capital gain from the sale of a residential property shall be exempt if such capital gain is invested in the PURCHASE of another residential property WITHIN ONE YEAR BEFORE or 2years after the transfer of the property sold”

My Case:

- New Flat : UDS Registration on18/04/2019
- For availing Sec54 benefit,I decided to sell and transfer my old flat (bought in 2006) before 17/04/2020. I had finalised the buyer in the first week of March 20,for registration on 15/04/2020.
- However,due to Covid 19 Lockdown, I could not carry out my registration in April 20.
-Now I am planning to register before 15 September 20.

My query:

- As Ministry of Finance,GOI,has issued a Notification on 24th June,2020, extending time limit to 30th September 2020,in respect of investment in capital gains under Sections 54 to 54GB, CAN I CLAIM THE BENEFIT UNDER SECTION 54 IN MY CASE?

SIR
As a transport Co., we are deducting tds on the payments made to the sub-contractors. Some of the sub-contractors are having trucks less than 10 Nos. So we did not deduct tds.
Question is while filing of tds return,should we show the sub-contract bill value even for non-deducted parties ?
guide me plz
thanks in adv

I am dealing with petrol pump business, which is a non-GST Supply. Recently I have purchased an oil Tanker Truck for the same business purpose and the company from which I have purchased it has deducted GST on source. Can, I claim the same as refund.

Dear Experts,

We have submitted the Closure request to ROC through LLP settlement scheme this month. We have filed the FORM 8 and FORM 11 up to FY 18-19.

Since the closure request has been submitted to ROC, kindly advise, if we need submit the IT return ( NIL return) for the FY 19-20.

Also please let know if i can surrender the PAN of LLP based on Closure Acknowledgement from ROC

Thanks in Advance.

Whether deduction of interest on Education loan is application only for first 2 children? can we take deduction for 3rd child education loan?

Dear Experts,
I have post signed copy of ITR-V via speed post which has been received by CPC as on 17/08/2020 but still on portal the status on portal is showing pending for verification,

Pls let me should I raise the grievance for the same or have to more wait for updatatio,

Thanks
Nikhil

Our one client import of goods through Fedex Courier agency and paid IGST on total imports. and that IGST paid details not shown under GSTR-2A form PART D Import of goods from overseas on bill of entry. Query is that he can take ITC aginst of igst paid?

Dear Sir
We have purchase to customer Meis License Tds is applicable not not ? if is applicable what should be tds under section and rate for tds dedicated ? if any notification

sir CMP08 wrong taxable value mentioned in 2nd quater 2019-20 how to correct it kindly help me

Dear Sir/Madam,
assesse has salary, pension and interest income from fixed deposits with banks.
interest from bank fixed deposits is Rs. 179528/-, can he claim deduction of section 80TTB of Rs. 50000/- ? he is a senior citizen.
PLS GUIDE ON THIS.