I need to incorporate a new private company, where the 51% shares would be held by an Indian promoter and 49% is to be held by a foreign company (Chinese Company). will the company Incorporation procedure be same as other private Company Incorporation or do we need extra documentation for the same? will RBI come into scenario

I sold my old house in Sep 2014 and used the long term capital gain of Rs.20L from that to construct a new house. The construction of the new house was completed in time before Sep 2017 and I am currently living there.
Unfortunately, I have to sell the new house as well. So, now how will I be taxed.
I have already taken exemption under sec54. So, I am not allowed to sell the new house before Sep 2020. But if I sell the new house now for say 50L how will the tax be calculated.

I HAVE REGISTERED UNDER GST ACT IN MAHARASHTRA. I HAVE PURCHASED CLOTH RS. 105000/- FROM URD SUPPLIER. NOW I CAN GENERATE EWAY BILL FOR INWARD SUPPLY. IN EWAY BILL WHAT MENTION BY ME BILL OF SUPPLY OR TAX INVOICE. PLS GUIDE ME.

Sir,
We had purchased one 1 BHK house in 2015 which was registered in my father name & loan was taken from OBC Bank by my father. This property is under construction till date. My father retired in 2018 now i have transferred loan in my Name but property still registered in fathers Name. Question is can i get home loan deduction for EMI paid by me. It will be great help if you could suggest relevant sections

Thanks

Hi all
I have given my inter indirect tax paper in dec in that i have attempted 5 questions instead of 4 questions as asked in question paper . Now i realized that my previous 1 qst ans is completely wrong so are the going to consider my last question and give it marks or will they take it as extra please let me know..

Hi, I am a qualified CMA and also a member of Institute. Can i do Master of economic with my private job? if yes what could be the benefits as far as career is concern ??

Kindly advise

Regards
Prasant

Mr.X land was acquired during the fy 2000-01. For which encansed compensation given in FY 2015-16 after deduction of TDS. But the assessee not having knowledge of TDS he cannot claim it. But Form 16A issued by the acquirer on 14/4/2018 by signing and date is printed as 14/12/2018. Whether it is possible to claim refund now.

The Assessee is Professor in IIT & can't take any work without the permission of IIT but due to expertize sometimes IIT allots the o/s consultancy work as well as pvt. sector also approaches the client for tecchnical problem or other consultancy. IIT is not On account of this, the assessee recd. income of Rs. 3591016/- & claim exp. of Rs. 641685/-as expenses on account of consultancy. The A.o. is saying that the professional receipts of assessee exceeds Rs. 10Lacs & since his gross receipts exceeds Rs. 1Cr. Thus he isliable for maintenance of books under sec. 44AA & to getthem audited under Sec. 44 AB. The year of Assessment is 2014-15.
Please Advise for the same.

Hi!
Mr.X is an NRI and doesn't have PAN in India, he wants to purchase property worth Rs.60 lakh, he is having NRO account. TDS is to be deducted on purchase of property. But since he isn't having pan how to proceed with TDS payment and return filing (26QB)?

Dear Sir/Madam,

I have query related GST. I wanted to know whether in case of RCM whether we need to raise any internal invoices for claiming ITC on that particular invoice, and whether we need to show this RCM invoice in GSTR1