Hi , if a person sells an agricultural land (for which there is no capital gains tax applicable ) for Rs 1 Crore but registers the property for 40 Lakhs ( which is above the circle rate or the guidance rate ) and the complete payment of Rs 1 crore is received through Cheques , is there any implication of tax , since income from sale of agricultural land cannot be taxed

is audit report is compulsory to file IT returns for pvt limited company below 1 crore turnover profit above 8 % while filing IT returns and DSC is necessary to upload the Returns

Whether properties situated outside india need to be clubbed for 2 properties limit as given under sec 54 and 54F,?
Can anyone share case laws?

Please let me know , what was the due date for claiming input tax credit against services provided during FY 17-18 and 18-19.

one partnership firm start from 01/04/2018 , 03/01/2019 one partner retired from partnership firm ,at the same date new partner admitted.in july month some furniture are purchased,so in this case 2 (profit and loss ,b/s )account are prepared like01/04/2018-02/01/2019,03/01/2019 -31/03/2019 .so i want to know at the period of 01/04/2018-02/01/2019 how much dep are charged on furniture?(op value of furniture 10000,new addition july month 5000)

my query is Can high sea sales original buyer/actual user claim IGST paid as input credit in custom to clearence the materials. If he claim input benefit then how to show GSTR 3B return and is there any clause. HIGH SEA SALE AGREEMENT : foreign party(hong kong)----Mr.X(KOLKATA)(Seller/importer)------Mr.Y(KOLKATA)(Actual user/Buyer)(IGST PAID IN custom) ACTUAL USER/ BUYER CAN CLAIM IGST PAID AS INPUT CREDIT . ACTUAL USER/BUYER HOW TO SHOW THIS TRANSACTION GSTR 3B RETURN.

Hi,

This query is regarding a company, which runs a contest for their wholesaler with respect to visibility of their product, quantity available, etc.

Channel is as follows:
1. Let say company A ask company B to manufacture on their behalf.
2. Company B directly send goods to Distributor
3. Distributor sell it to wholesaler and wholesaler to retailer.
4. Now, competition is for wholesaler.
5. 10 out of 100 wholesaler won on above criteria.
6. all got motor bikes costing 60k each.
7. Does TDS provision is applicable here?
8. Does TDS must be collected from wholesaler before handing over the motor bike ?

Please help me with this query.

A land is there registered in the name of a partnership firm. Brother and sister are only the partners of that firm. Now one wants to continue that firm and the other wants to establish a new firm. Can the property held in the firm name be divided and 50% share of one partner be transferred to the newly established firm and the other 50% will be continued in the existing firm name ?? or Can the property of the firm be divided among the partners in their individual capacity ?? Suggest us any method or mechanism or possibility of any method for doing so without any tax implications ??

Is INC-12 still required (as on 27 November 2018) for incorporation of Section 8 Company.?

What is Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ?
Can anyone explain it in short ?
What is the procedure for it and which are the form to be file ?