ABC pvt. Ltd entered into a joint venture agreement with a private party say mohan to construct apartments in mohan'S land and then share profit in the ration of 40% and 60% for mohan and ABC pvt ltd respectively.

on FY 14-15 they had turnover of 1.5 crore from transfer of apartment but the company had not paid any single amount to mohan..

qts

1) who had tax liability ?
2)is mohan liable for capItal gain tax ?
3) compute the tax ?

Sir,
I am a post office commission agent . I am havng Rs.45000/- for A.Y.2017-18. I have filed my return on 01/04/12018, ITR - 2, U/s.142(1).
I wil get the above refiund or not. There is any way to possible to get my refund. Kindly guide me sir.

Sir,
my client is into trading proprietory business and has given a commercial property which is on his personal name on rent and he has charged GST on the rental income.

however he has shown rental income under the indirect income in business p&l account . which increases the business NP.

he had done so , to settle the liability of GST arising out of rental income against business income as he had raised invoice under the same GST number of the proprietor.
though it is income from HP , how can we show it as business income ?

Dear All
XYZ is Company, ABC is Distributor and RRY is retailers

XYZ supplies 10, 00,000 materials with 28% tax i.e., 2,80,000 to ABC Distributor
XYZ directly gives Zero Coupons to RRY retailers
RRY come to Distributor and taking 10, 00,000 materials with Zero coupons
XYZ gives credit note to ABC distributor 10, 50,000(with 5% margin)
The above transaction only 25% of all Turnovers, remaining 75% is normal transactions
Now doubts
1. Is the above transaction right as per GST ACT
2. If yes when can I utilize the above 2,80,000(input) because every month I am getting excess input only
3. Is there any process to get refund for my input tax value




PURCHASE 4000000 Tax@28 =1120000-- A

SALES WITH 5% MARGIN
75% NORMAL TRANSACTION 3150000 Tax@28=882000--B
25% ZERO COUPONS 1050000 Tax@28=0--C
Total output tax(B+C) 882000--D
BALANCE EXCESS INPUT (D-A) -238000--E


please give reply as early as possible

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Dear Friends

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Thanks and Regards