A farmer converted his rural agricultural land in to plots & sold the plots to customers.
does it get taxable under heads pgbp (or) capital gains?
please quote relevant sections under which it get's taxable or not taxable & relevant case studies.
Hi,
we have few consultants for our software business, we get invoice from them without GST, (excemption limit is not crossed)
do i have to pay RCM for these consultants as they give services like other employees but we pay them against the invoices
Thanks in advance
Farmer grows grapes and leaves them for sun-drying which gives raisins/kishmis. No other process is done. Only moisture of the grapes is lost, which can get lost naturally also.
So whether the process of sun-drying and loss of moisture can be called a process/manufacture? And does selling of raisins by farmer become business income chargeable to tax or agrictural income exempt from income tax?
If it is agricutural income, can you refer any case law in favour of assessee.
Thanks in advance.
rent and other office exp service provide to bank which hsn code applicable
GIFT AMOUNTING TO RS.250000/- RECEIVED IN CASH FROM REAL BROTHER DURING FINANCIAL YEAR 2011-12 ASS.YR. 2012-13 IS ALLOWABLE AS EXEMPT UNDER INCOME TAX PROVISIONS OR NOT ?
have entered wrong GSTIN against a invoice while filling GSTR-1 in the month of september 2017. Actually is was a correct GSTIN but for another Party. tell me how can I change that GSTIN in my filed return ? Is there any Possibility or not..?
A company is providing transportation services from Hong Kong to USA to a client who has one of its office in Mumbai and billing for the same is to be done in Mumbai itself.
What is the place of supply and how GST will be charged? Whether it will be export of services?
What difference will it make if instead of transportation of goods company provides courier service from Hong Kong to USA?
AFTER 25.01.2018, AS PER NOTIFICATION NO.8/2018, THERE IS GST PAYABLE ON MARGIN VALUE i.e. DIFFERENCE OF SALE PRICE AND PURCHASE PRICE. IF IT IS SOLD AT LESS THAN PURCHASE PRICE, IT IS TO BE IGNORED.
MY QUERY IS : THIS NEGATIVE MARGIN IS TO BE CALCULATED SEPARATELY FOR EACH SECOND HAND MOTOR VEHICLE SOLD OR ON MARGIN VALUE ON MONTHLY BASIS. BECAUSE ON SOME CARS, THERE IS PROFIT AND ON SOME CARS SOLD, THERE IS LOSS.
That assessee is engaged in Trading of Food grains( adat Business).during the year assessee had received more than 20000/- from his brother several times, who is also engaged in adat Business, and repaid more than 20000/- several times to his brother, and at the end of the year account has been squared up. whether section 269SS Apply or not if not , please clarify with Reason
That Assessee Having 6 Truck during the previous year, is engaged in Transporting Goods and Income Declared u/s 44AE of the Income Tax Act. during the year the assessee has sold on truck and earn Rs 150000/ as Profit on sale of Truck
whether this amount is Taxable or not, if taxable under which section and why
please clarify
it's urgent
Capital gains,pgbp