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Pradeep Tiwari
01 August 2019 at 13:31

Capital gain on sale of property

Sir
Need to know any capital gain tax liability on following condition:
My parents purchased the property in 1987 for 1.58 Lac. They made the WILL in my name in 2012. I sold the property in May 2019 amounting 92 lac and purchased the new property amounting 82 lac.

Thanks


Student
01 August 2019 at 13:29

Calculation of income

Dear Sir
Kindly inform whether the salary of March-19 received in April-19 to be taken in the year 2018-19 or in current financial year with relevant rule provisions( if any.)

Thank you in advance


Manoj
01 August 2019 at 13:03

Assets

Purchase mobile phone for employees is this fixed assets, or not.


MANISHA
01 August 2019 at 12:27

44ae

whether section 44ADA is optional or mandatory for specified professional , so if one who dont want to opt 44ADA , in this case no question of 50% profit, in that case that person can show profit under normal business, simply by making profit loss account , and books if GR is 150000 is preceeding 3 f.y??
plz guide


MANISHA
01 August 2019 at 12:22

44ae

Respected Sir, i would like to know that , while calculating income of 44AE , gross vehicle weight would be taken in other than trailor, truck, Tractor, kindly guide how we will calculate gross vvehicle weight ?? as in RC book of goods vehicle only Laden and Unladen weight is mentioned, so we have to take total of both or only should take laden weight as gross weight , to determined heavy goods vehicle and income calculation perspect . plz guide us


Sanjay I Thacker
01 August 2019 at 11:28

Ltcg on shop sale

1. WE HAVE RECEIVED 2 SHOPS IN VARSAI FROM OUR FATHER (LEASE HOLD 99 YEARS) @ RS. 15000.00, 50% IN EACH BROTHER'S A/C (7500 + 7500)

2. IN 2008 50% PART OF ONE BROTHER PURCHASE BY ANOTHER @ 200,000.00 FOR EACH SHOP

3. I HAVE PURCHASE ANOTHER SHOP ONE MONTH BEFORE SALE OF TWO SHOPS IN 2018 @ 1600,000.00

4. IN 2018 I SALE TWO SHOPS @ 3000,000.00, AT WHICH RATE SHOULD I COMPUTE LTCG (I.E. AT VARSAI TRANSFER RATE OR RATE AS PER REGISTRY DONE IN 2008)

5. CAN I GET LTCG BENEFIT FROM PURCHASE OF NEW SHOP AGAINST SALE OF TWO SHOPS

THANKS FOR YOUR REPLY IN ADVANCE


SHIVANAND NANADU
01 August 2019 at 11:12

Atricleship termination rules

sir,i completed my graduation ,now want to do CA so i joined in a firm i filled my articleship form 103 in that i made a mistake of termination period i didn't mention in that form, can i edit the form again.
also can i terminate after one year from my articleship


raghavendra b
01 August 2019 at 11:11

Lathe machine work

DEAR SIR,

ONE OF MY CLIENT DOING LATHE MACHINE WORK MEANS METAL CUTTING, DRILLING, ETC. SO MY QUESTION IS CAN FILE INCOME TAX RETURN U/S 44ADA PROFESSIONAL INCOME OR INCOME FROM OTHERS SOURCES.

REGARDS


swasti
01 August 2019 at 10:48

Life insurance pension

My uncle had invested Rs 100000/- in a LIC policy long back. He got Rs 70000/- on its maturity and afterwards Rs 3000/- are being paid monthly to him till his death. Whether this Rs 3000/- p.m. received by him is taxable in his hands or taxfree. Also if taxable, would he be eligible for standard deduction of Rs 40000/-.

Is there specifically mentioned for the taxability or exemption in any section of the Income Tax Act? Please suggest.


MUTHU KUMARAN III K

Dear Sir,

I am a service provider, which head mention our expenses in GSTR 9.

For Example : Our Sales (Service Charges) Rs.1000 with GST 180 total sales Rs.1180/- . we made a expenses Rs.600/- . which head we mention the expense Rs.600/- in GSTR-9.

please advise.






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