Dear All,

As per provisions of MAT u/s 115JB, it is specified that Brought forward business loss or depreciation whichever is loss is deductible from Book Profit.
Suppose one company has very minimum assets and hence it's depreciation is quite less and business loss is high. Applying 115JB, after deduction of all depreciation brought forward, whether brought forward business loss is deductible in calculation of MAT u/s 115JB?

Thanks

assessee owns 3 residential house and one plot ,he has sold the plot in may 2017 and now after sales of plot he wants to gift two houses to his sons to claim exemption u/s 54f , will he be entitled to exemption u/s54f????

I am receiving service an unregistered freight dealer who is a person from Tamil Nadu.I should pay tax on reverse charge basis..so what should I pay?? IGST or SGST??

why are small service providers not included in composition scheme..what is the logic....

Dear Sir / Ma'am,

The company is having a transaction with an proprietorship firm and the wife of one director is the proprietor of that firm. Is this a related party transaction?

Please reply

In composition scheme, the gstr 4 return of July to September which turnover are consider? taxable and exempt goods or only taxable goods? plz reply....

After death of my husband i have offered employment, instead of employment i decided to take monitory compensation of amount 700000/-. is it taxable, do i need to pay TDS ?

Dear Sir/Madam,
My sole proprietor firm already registered in GST Delhi state.
Can i registered again a different name of firm in GST Delhi state.

We have are in Karnataka, purchased materials from Maharashtra, and transportation arranged by the Supplier on to pay basis, we are paying the fright and paying GST on RCM, but can we pay IGST or CGST & SGST. Because, transporter is From Maharashtra.

UNABSORBED DEPRECATION WHICH BELONGS TO YEAR 2015 AND EARLIER 2 YEAR CAN BE ADJUSTED TOWARDS HOUSE PROPERTY INCOME FOR YEAR ENDING 31.03.2016 AND 31.03.2017 WHEN BUSINESS ACTIVITY WAS STOPPED FROM 01.04.2016.
WHETHER LOSS FOR YEAR 2015 CAN BE ADJUSTED FOR HOUSE PROPERTY INCOME OF 2016 WHEN BUSINESS ACTIVITY WAS NOT CARRIED OUT IN 2016??