A person purchased agricultural land in June 2017 for 10 lakhs and sold immediately to a company for 80 lakhs in October 2017. He calculated capital gains and the same exempted as capital gains on agricultural land was exempt. was it really exempt ??. My query is there is no agricultural activity produced that person how can he claim exemption.

There is a Case in which there is a service provider (holding GST No.) whose services are subject to reverse charge say S1. The business also provide services which are not subject to reverse charge-say S2.
Query- Whether the service provider will get input tax credit on goods and services -which are received in providing the outward supply S1 and S2 both? or will it get input tax credit w.r.t only those services which are not subject to reverse charge i.e S2

Please guide me about the Rate of Depreciation on Dialysis Machine for Hospital use.

My Grandfather wants to gift to My mother after sale of old property and give money for purchase a house. I want to know if money so received from father in law to daughter in law for purchase of house in tax exempted

One of my client is having PAN which is having forth letter is "F", which should be "C" for corporates. earlier he was having partnership firm which was converted into private limited company before more than 15 years. And he has been filling ITRs, GST returns by this PAN only including last returns.

Is it valid to have same PAN after converting partnership firm into pvt ltd. for ITRs and GST returns.

Company A is listed Company
Company B is non listed co.
Company A is a subsidiary company of B
whether INDAS is applicable to Company B

Dear Experts.
We are supplier having GSTIN also. As per our policy we provide 1% discount to our buyer on advance payment. Pls tell me how it would impact on GST and what will be it's treatment in GST. Whether any credit or debit notes is to be issued to buyers.

Pls clarify.....

Thanks & Regards
Anshul Gupta

We received a invoice for sales promotion which details under below:- value 76000 & gst 13680 total amount is 89680 now because its a sales promotion bill can we have to deduct TDS BEFORE PAYMENT. & how we calculate this is because its a gst bill

How to put amount Negative figure in GSTR 3 B Column no.4(B)(2),
Because in july month we paid extra tax, or any other option? Or amount decrease in Outward supply.

Dear Sir/Madam,

With reference to the captioned subject in our case it is a listed Company declared dividend in year 1998-99 and 1999-2000 for which the unclaimed /unpaid Dividend amount gets credited into IEPF Account in year 2006 and 2007 respectively.

Our query is that whether we are require to comply with Sec 124(5) of the Act, 2013 and get the shares credited into IEPF Authority Account .or it is only required for those company whose proposed date to credit the unclaimed /unpaid Dividend amount into IEPF Account is falling after the rules gets enabled.


Kindly suggest