TaxDoubter
12 September 2019 at 14:49

LTCG Tax & Tax Payment

I have sold few shares which has been with me for several years and providing the details below.

Profit: Rs.19,11,008/-
Exemption: Rs. 1,00,000/-
----------------------------------------
Actual Profit: Rs.18,11,008/-
Loss from
Previous Year:Rs. 40,156/-
--------------------------------------
Actual Profit: Rs. 17,70,852/-
10% Tax: Rs. 1,77,085/-
4% Cess: Rs. 7,083/-
Total Tax: Rs. 1,84,168/-

Is my above calculation correct? Please let me know.

Do I need to pay the complete Tax of Rs.1,84,168/- now itself or can I pay 45% i.e.Rs.82,876/- now and pay the rest later?

Experts please suggest.




Sandeep Jain
12 September 2019 at 14:39

Gross Profit in books of account

Dear Sir

We have business of Marbles & Tiles. Please advise to me how much Gross profit & Net profit we have to show in books of account. previous year GP was 8.07% and NP was 4.90%
Please advise for this year ?


Nanu Gupta
12 September 2019 at 14:28

Tax audit

An assessee has turnover less than 1 crore and has loss. Under which section audit is carried out? 44ad or 44ab? Pls guide


Samsad Siddiqui
12 September 2019 at 13:16

CST ACT

Dear Sir,

During the F.Y 2017-18(1st Qtr) we had made sales in Bihar charging @ 2% CST.The bill details are as below
A. V = Rs 10,000 + Rs 1236(Excise duty) + Rs 224 (CST ) + 4,000/- (Freight Cost)= Rs 15,460
While submitting Return we have show CST sales of Rs 11,460/ (Excluding Freight Cost) but party provide us "C" forms value of Rs 15,460.
My Question is
1) How can we show freight cost at the time of CST Assessment.
2) How we deal with fright cost.
3) What happen if we submit excess value of C Forms.

Requesting you to pls guide me in this regards ASAP.

Thanking You.


sreelakshmi
12 September 2019 at 13:00

Fixed assets

Does following constitutes Fixed Assets??
1. Bio Gas Plant
2. Borewell
3 Fencing
4 Labour Cottage Equipments
5 Slaughter House Equipments
6 Slaughter House Fencing
7 Work Shed


PARDEEP KAPIL
12 September 2019 at 12:47

Income tax calculation

Dear sirs : i need to know net profit and income tax calculation for a domestic company for financial year 2018-2019 (assessment year 2109-2020) . Details are as given here. Net Loss : Rs.3,60,124.00 including depreciation under companies act Rs.4,28,826.00 and :: Not excluding depreciation under Income Tax Act is Rs.1,74,240.00. Kindly advise. regards


GANGADHARA RAO
12 September 2019 at 10:38

Stamp duty of amendment of partnership deed

sir, please advice the how much stamp duty to amendment of partnership deed.


TARIQUE RIZVI
12 September 2019 at 10:22

Gstr-9 exemption upto 5 crores

Respected Sirs,

Whether the next GST Council will exempt those from Annual GST Return ( GSTR-9) whole sales turnover is below Rs 5 Crores ?


CA.Pinank Arvindbhai Shahpro badge

Cost Inflation Index number for FY 2019-20 ?


Rofy Shah
11 September 2019 at 21:54

Tds

Please give detail information about private limited company deducting tax at source of a employee and a consultant and difference between






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