Easy Office
LCI Learning


Bhawna Bihani
12 January 2020 at 06:41

Section 54

Mr. A has sold a residential house in his personal file. Now he wants to invest the funds for purchase of a hotel, ie a commercial property. The investment will be routed through a company in Mr. A is a director.
A. Can such routing of funds enable him to avail exemption u/s 54?
B. Can he do the investment in personal name in the hotel and avail exemption?


Querist
11 January 2020 at 23:29

Industrial Training

Hii
I am a article in my final year of Articleship, my articleship registration date is 13-08-2017 in which I have taken leave of Around 4 Months .
Now my third year of articleship is also getting expired by 5 months so can I eligible to go on Industrial as a wonderful opportunity is offered to me for industrial in a reputed Corporate.


Querist
11 January 2020 at 23:01

Industrial

Hii

I am a article in my final year of Articleship, my articleship registration date is 13-08-2017 in which I have taken leave of Around 4 Months .
Now my third year of articleship is also getting expired by 5 months so can I eligible to go on Industrial as a wonderful opportunity is offered to me for industrial in a reputed Corporate.


Querist
11 January 2020 at 22:56

Industrial

Hii I am a article in my final year of Articleship, my articleship registration date is 13-08-2017 in which I have taken leave of Around 4 Months .
Now my third year of articleship is also getting expired by 5 months so can I eligible to go on Industrial as a wonderful opportunity is offered to me for industrial in a reputed Corporate.


Querist
11 January 2020 at 22:53

Industrial Training

Hii I am a article in my final year of Articleship, my articleship registration date is 13-08-2017 in which I have taken leave of Around 4 Months .
Now my third year of articleship is also getting expired by 5 months so can I eligible to go on Industrial as a wonderful opportunity is offered to me for industrial in a reputed Corporate.


Ravi Kumar
11 January 2020 at 22:38

Incorporating a Business

I have a cab and two drivers who work as employees for me but in a call center company. Now I want to incorporate a business with 2 employees where the income from the services provided is put as payment for company and the expenses (wages, fuel, car service) deducted before calculating the final taxable amount.

I am also planning to increase the number of car/services and employees in further years. What way should I proceed such that the money from business is not clubbed in my regular income (I am already salaried)?

Should the company be OPC or PLC? Do I need to hire regular services of CA? Please advise.


Rohit

If someone is selling online course through my website to people outside India. what will be its implementation under GST and tax laws?


Vijay Mishra
11 January 2020 at 19:11

Gratuity

Dear All,
Greetings !
I had been working in a private company for 8 years. Now i have resigned from there. Please suggest if I can claim for gratuity payment from there. This company has more than 15 employees and not registered with ESI & PF.

Please advise.

With best regards,

Vijay


Sushma Sireesha
11 January 2020 at 19:01

JDA-Tax implication to land owner

The assessee is a partnership firm engaged in construction activity. In has purchased land during the year 2006-07, and has started construction in 2012 and has done work to the extent of Rs. 50,00,000. Later on due to funds scarcity, it has entered into development agreement with other company for construction of flats in 2014. Construction was completed in the year 2018 and land owner has received his share of flats and started selling its share. How to treat the same in the books of land owner who is engaged in same business. Whether to calculate capital gains or business income. Kindly explain.


Mahabir Prasad Agarwal
11 January 2020 at 17:18

ITC on Vehicle parts purchased

I run a manufacturing uniit of PVR Block/ My trucks are used in the unit for carrying cement and other materials required for the manufacturing of PVR Blocks. Whether I can claim ITC on vehicle parts purchased for my trucks ?







Answer Query