Easy Office
Easy Office


a.s.kulkarni
26 November 2017 at 12:06

Raw material rejection

R/SIR,
WHAT IS PROCESS OF RAW MATERIAL REJECTION ? ENTRY TAKEN IN INWARD REGISTER OR OUTWARD REGISTER?
IN GSTR-1, HOW TO SHOW RAW MATERIAL REJECTION?


sagar
26 November 2017 at 11:34

exemption in Long term capital gain

under which section I can claim exemption when agricultural land is compulsory acquired by the government


Abhinav sharma
26 November 2017 at 10:39

Problem in registration

I have own software work, now I registered as proprietor GST portal himself. but i have a problem with "Reason to obtain registration" segment What to fill? with software work.


Snehashish Ghosh

I sold my 18 year old flat in Ghaziabad for Rs 21.65 lakhs in Oct 2017. I had purchased the old flat in Jan 1999 for Rs 5 lakhs and had paid stamp duty of Rs 50,000. I have estimated the Cost of the Flat after INDEXATION as Rs 18.1 Lakhs roughly.
1. Is it correct that my Capital Gain is Rs 3.55 Lakhs (i.e. 21.65 Lakhs - 18.1 Lakhs) ?
2. Is it correct that only this Capital Gain of roughly less than 4 Lakhs is taxable ?
3. Is it correct that just before filing my Income Tax Return in Jul 2018 for F.Y. 2017-18, if I purchase a new flat in Kolkata for say Rs 5 Lakhs (just over Rs 4 Lakhs), then I will NOT have to pay any Tax at all ?
4. Is it correct that the relevant Section for the tax exemption in question 3 above is Section 54 ?

I have already paid Rs 8 Lakhs to a Developer/Promoter ( a Proprietorship firm) for the purchase of a new Flat for Rs 11 Lakhs in Kolkata by Online Transfer (IMPS) from my bank account before 02 Nov 2017. I have collected the Sale Agreement signed by him and collected money receipts for all the online payments.
But the Remaining Payment and taking Possession of the Flat (Possession Letter) will be delayed beyond last date of filing income tax return i.e. 31 Jul 2018. In fact it may be delayed to as late as Sep 2018. I will pay Stamp Duty and Register the Flat in my name only after I get possession i.e. not before Aug 2018.

5. Is it correct that since my capital gain from sale of my old Flat is only Rs 4 Lakhs (see Questions 1 and 2 above) and I have already paid Rs 8 Lakhs to the Developer and have Sale Agreement and money receipts, I do not have to pay any tax on the capital gain and can claim exemption under section 54 ?
6. Or is it that full payment and Possession Letter or Sale Deed (Registry) is MUST for claiming ANY Tax Exemption under section 54 in the income tax return ?

Looking for a quick response.


Manpreet Kaur
25 November 2017 at 23:37

online option

Is there any option to earn income theough online work from home???...please guide about the sites that are genuine???


Amit kumar

Sir
I have booked a new flat in february 2017 and made part payment to builders.now in few couple of days i am going for final registry by paying remaining amount.i want to know on how much amount i have to pay gst & at what rate of percentage.
Regards
Amit kr


MOHAN JANY
25 November 2017 at 20:45

Definition of business assets in gst

Whether closing stock is treated as business assets under GST ? (Ref. Schedule -1 of Section 7 CGST Act 2017)


Bikash Kumar Senapati
25 November 2017 at 20:31

1st annual general meeting

A Company Incorporated under Companies Act 2013 on 19/02/2016. What shall be the date of the 1St AGM?


varun
25 November 2017 at 20:26

Notice u/s 148

One of my client has received the notice u/s 148 for the A/Y 2012-13 and what is the procedure for filling the Return and which details to be furnished under the return.
please answer as soon as poosible. its urgent



Anonymous

For some tax payers/dealers still there is no option to cancel gst registration on portal. For some Regular GST payers and every Composition dealers... Why?