Client has 3 residential apartments. Two of which are 100% owned and one in co-owned with wife. He is selling the house which is co-owned and making a decent capital gain after indexation. Can these proceed be invested to buy another house of any other investment to claim capital gain exemption under any of the sections 54

HELLO SIR,

ONE OF MY CLIENT HAVE TRADING BUSINESS OF GROUND-NUTS (WITHOUT PROCESSED) WHICH THEY PURCHASE FROM FARMER AND DEALER.

SO MY QUESTION IS THAT WHETHER GST APPLICABLE ON IT OR NOT.

IF YES THEN WHAT IS GST RATE ON IT.

Dear Members!
Any update regarding tax audit extension!


Thanks
ASAP

Sir/madam,

Company not to opt sec 44AD, but how we treat in these below cases: (P.Y 2018-19)
(a) if company has 80 lacs turnover and co. declares 5% net profit then in such case tax audit is mandatory or not?
(b) if company has 1.2 crore turnover and co. declares 9% net profit then in such case tax audit is mandatory or not?

Dear Experts
Pls guide regarding query "Bank Processing fees & Stamp duty charges for Term Loan does form part of BORROWING COST ? "

If yes, how it will be treated in books of account ?

Thanks & Regards

Sir,
My annual income is less than 250000/- I never filed the return. In every year I was saving Rs. 60K to 80 k .and the same was deposit in Saving account. Can, I make the FDR for Rs.5 Lac. Is this any problem with me
Please suggest.

Thank you

Dear Sir,
Please guide me where can i download the company latest balance sheet format as per company act for ay2019-20 and depreciation rate chart

Sir,

1. TDS
Pl clarify that the receipt of Handloom weaving cooly and wages for one your amount 80,000/= received from Audit persons (Individuals and Firm). Is it applicable 194-C ? (The Handloom Weaver party is below taxable income limit)

2. House Property:
Mr. A. is a Govt.salary person having a own house property. He claims Sec.80-C of Income Tax the Housing loan Principal and Interest amt. for the one house property
Now He wants to purchase of another house property through bank -Housing Loan. Mr. A. can claim 80-C of Income tax of 2nd house property of Housing loan Principal and Interest.

3.Gift -Reg
Mr. B. is a Income Tax assessee, only received from Interest Income from Bank and file the I T return properly. He wants to transfer the amt of 10 Lakhs to his son for Gift. Then the Next Yr. the son transfer the amt of 10 Lakhs to (Mother )Mr. B. - What are step it may be taken for I T Filing. (The son also I T Assessee) - is it exemption or not. and if applicable gift tax?

wheather it is mandatory to pay interest to all partner or we can pay interest to one and not to others

A person missed to upload one invoice GSTR 1 in February 2019,But in 3B uploaded correct details and made tax payments correctly.

He filed GSTR 1 up to July 2019.Now only identify the mistake.

is there any option to rectify the error ?