My late father had purchased 6000Sq.ft land in the year 1940 at Rs. 2,000/- and a built a house for which he spent around Rs. 10,000/-. After he passed away I became entitled to 1/4 share. The property was handed over to a developer and he has built 6 flats. He has retained 2 flats and out of the remaining 4 flats, I get one flat. The remaining 3 flats are for my sister and brother. The developer has sold one of the two flats for a sum of Rs. 2.5 crores. If I sell my flat immediately at the same price, what will be the short term capital gains tax I will have to pay? If I sell it after 2 years, what will be the long term capital gains tax I will have to pay? I shall occupy the flat for 2 years or rent it out if I sell it after 2 years. I do not have any other flat or house at present.
K.A.N. Iyer

Dear Personnel,

I want to inquire about the checklist one should examine while doing a statutory audit. Can someone please highlight the broad areas in respect of which one should be performed their activities.

Thanks in advance.

I filed a nil GSTR 3b but paid the tax liability for the respective month. Now where should i mention the missed data of GSTR 3B in GSTR 9c.

Hi All,
I am a Indian Resident from Delhi and I have started working for a Singapore based company which donot have office in India. They have issued me an Job offer letter to work from India and they will pay me salary in USD per month in my saving account. What will be the tax implication, how to pay it and will it come under FEMA act? Do I have to submit copy of offer letter to bank also?
Please share your views. Thanks in Advance.
Nitin

I am a retired professional having some income from profession. I have some LTCG and STCG from debt mutual funds. The form is rather confusing.

1) Where does one fill in Section CG Long Term Capital Gains from Debt Mutual Funds held for over three years as indexation is applicable?
2) Where does one fill in Section CG Short Term Capital Gains from Debt Mutual Funds subject to tax at applicable rates?

A clear indication of the item, column, the row will be highly appreciated including the location in CYLA_BYLA also.

a person having income from section 44AD business and he is required file ITR 3. in the balance sheet we should enter data in no account case because we are not maintaining books. so we should enter data in 61 right? what is the difference between 61 and 64? need help regarding this.

Friend, I am comming accross mismatch in ITC. Maximum bills were not entered by the parties as a result it is showing I have claimed more ITC. Please suggest me how to file GSTR9

A company was incorporated in FY 18-19 ,till date audit is not done .than what to write in DPT 3 form ONE TIME RETURN point 8 ( NET WORTH AS LATEST AUDITED BALANCE SHEET) ? As auditor certificate is not compulsory in one time return can I write unaudited figures there of FY 18-19 ?

Sir,
Gross amount received from Commission is 45000/- and Net Income after all expenses is 38400/-
And Sir , TDS is RS 2250/-
Sir , In ITR under TDS Details, Corresponding Income offered is Asked. Sir whether Gross amount received RS 45,000/- is required to fill under under gross amount received head

After taking print of ITR V filed for AY 2019-20 and also e-verifying through Aadhar OTP, still a note appears below :This is not a proof of ITR filed", which is not accepted by Bank.
What is the solution for the same ?