Mr.K has paid new EB line deposit for his agricultural land. Is it is added to fixed asset value directly? will it increase the value of asset?
How to post entry for this

Whether GST RCM is applicable on Selling commission paid to a unregister vendor.

I was completed Group 1of Final , in old syllabus, Now how many papers I need to write in Group 2 Final?

Sir,
Date of Purchase sale deed value 69000/- in 2003 (Stamp Duty 9500)
Construction ground floor value 750000/- in 2004
Construction first floor value 1200000/- in 2007 Total Sq.Ft 1245

Approximate Sale Value 120lacs
How to calculate long term capital gain tax
thank u
Vinod

I mistakenly claimed ITC on the Car Tyre in GSTR 3B, and now I want to reverse it. In which column of GSTR 3B is it to appear?
Tyre cost is to be included in home delivery expenses and only ITC is to be reversed.

sir,

What to do if return filing is delayed for any reason and 31st December passes.

Whether we can do centarlized billing in gst if branches located in differnet states and want to do billing from onlY one state where head office is situated (GST number is taken only for that head office )

Can a HUF earn commission income and show it in its return of Income.????

Hi,
I booked a flat in 2018-2019 total amount of 90 Lakh.
I have paid upfront about 60 Lakh. Somehow project got delayed and to date, the property has not handed over.
Now in the same project builder is offering a Villa at 1.5 CR and I want to upgrade. In this case, they will be signing a new agreement in February 2024 and will transfer the 60 Lakh paid earlier in to villa account.
And as per CLP (Consturction link Payment) I have to pay 20 Lakh.

Should I deduct TDS on 20 Lakh or 80 Lakh (20 Lakh payment now + 60 Lakh Paid in 2019)?

PS: In 2019 there was no requirement to deduct TDS so I haven't deducted that time.
Old Flat booking was neither registered nor possession was given.

Sir,
In my case Mrs.M got a land as settlement from her father. Then later she gifted 1/3rd of it to her own brother and the remaining was gifted to her 2 sons in equal ratio. Is it correct to post below entries in the book of Mrs.M
Land 1 A/c___ Dr xxx
To Mrs.M's Capital A/c xxx
(Being land which is rec from her father)
Land 2 ___ Dr xxx
Land 3 ___ Dr xxx
Land 4 ___ Dr xxx
To Land 1 xxx
(Being land 1 has been divided into land 2, 3 and 4)
M's Capital A/c___Dr xxx
To Land 2 xxx
To Land 3 xxx
To Land 4 xxx
(Being gifting of land to brother and her 2 sons)
Is it correct to reflect in capital account for gift rec.?
If it is wrong, Kindly mention the entry for my reference.