Hi
One of my client is willing to bid for renting his commercial property. The potential party as demanded bids asking following info. per sq.ft.
1) Basic Rent
2) GST
3) Municipal Taxes & Other Maintenance Chanrges.

My question is what is the amount on which GST to be levied? Is it only on Basic Rent portion or on basic rent plus municipal taxes & other maintenance changes?

Kindly advice mentioning support for this.

A senior citizen wants to make a deposit of 10 lakhs at an interset of 9.25 per annum at ESAF Bank.What’s the limit of interest for which tax will be deducted ?And which form to be filed for non deducting the tax ??And is there any consequences on filing such form for a normal person??

I have received foreign stocks from my company, can I gift these to my kid (18+) to get a tax advantage over the amount that has appreciated since the price I got from my company. What kind of tax will be applicable for my kid and what date of acquisition will be considered for taxation for my kid. Is it going to be the date of transfer or the date I got the stocks from my company.

Dear Experts,
In the 3B of Feb we have mistakenly claimed excess ITC now the same has came in my notice. Pls let me know what should I do to correct this mistake.

Thanks
Rohit

I filled my ITR-4S for the A.Y. 2016-17 on 22.05.2017. I received notice u/s 139 ( 9 ) by e-mail on 01.09.2017, 21.09.2017, 14.10.2017 but I was unable to response and finally my ITR was Invalided on 10.11.2017.

Can I file my this ITR for the A. Y. 2016-17 again after invalid.

Kindly guide me.

Hello experts,

I want to file a condonation request to principal commissioner of income tax in respect of non filing of return for the FY 2016-17. Can I send application by Post or I need to go to Income tax Deptt.

Thanks

Dear Sir/Madam,

I have query that we have bought machinery from china @ USD 21000. we have done payment in two different install, when we paid first amount USD-5,502 that time $ value is Rs. 64.37 and second installment we have paid USD-15498 @ Rs.64.86 per dollar.
but in Bill of Shipment we have received machinery of USD- 21000 @ Conversion Rs. 64.50 per dollar. Now tell me that what will be journal entry for that transaction and what will be amount in foreign exchange loss. its Urgent.

Thank You

Dear Sir

Is section 9(3) of cgst act extended or applicable,if applicable from what date in case we have not paid and return is filed for that particular month than how to pay

Dear Sir,

Our Service tax assessment is going on and department ask to pay service tax f.y. 13-14 for short payment,

But actual it is adjusted with our cenvat credit CENVAT CREDIT ACCOUNT - INPUTS (R. G. 23A - PART II) but we have shown in the return can department will allow the same or we have to pay the service tax amount with Interest

Please revert on the same.

Dear Sir,

How to show the total investment in Balance Sheet for AY 2018-19.
Total Investment is 2.35 Crore as on 31.3.2018.
Opening balance of Investment is 1.95 Crore. (MF & Equity Share)
During the year purchase & sold transaction net of amount 40 Lacs.
How to show current investment & non Current investment in balance sheet of Pvt Ltd Company.
Current Investment means transaction during year. Non-Current Investment means no transaction during year or op balance of investment (No Movement in Investment).

Please advise the same in above matter.

Thanks & Regards

NK