I a, going to sell a ancestral plot of land which was purchased by my father long ago for a consideration of about 5000/- The sale price would be about 50.00 lac. What are the ways and schemes which can minimize capital gain tax on the same..
I am an automobile dealer (First Stage Dealer)Registered in VAT but not registered in excise. 70% of our goods are received from manufacturer plant in SEZ (Enjoying excise tax holiday, that I suppose is going to end with GST).I have Excise Invoice for remaining 30% of my stock (not from SEZ) and 0% Excise duty Invoice for 70% stock(from SEZ). I am eligible for full excise credit for 30% of the Excise Invoice stock. Now my question is whether i would be eligible for deemed credit of @40% for closing stock from SEZ plant in GST.
Dear sir,
Since the exemption limit under GST is 20 lakhs for other than north east states. Is there any requirement for small scale concern having aggregate turnover less threshold limit to be registered under GST. After registration is there any returns to be filed for declaration of turnover stating turnover less than 20 lakhs.
Hi Everyone,
I have made a FD off Rs.5,00,000 @10% for 5 Years(Maturity April 2021) in April 2016. Now I have to fill my Income tax return.
Shall i show in ITR of this Accrued interest in this AY 2017-2018 or Shall i show at the time of Maturity
Please clarify
Advance Thanks
Sir,
A pvt limited company receives service of manpower supply from a partnership firm. In this case reverse charge mechanism will apply i.e 100% service tax liability will be of Service receiver.
My question is what will be the provisions of cenvat credit in the case of reverse charge in the hands of company.
I am medicine manufacturer please give me HSN code for GST Registration purpose.
THANKS
i purchase a land in 1980 and now value of land has been increase. i want to report in balance sheet 2016. on such value i have to take in balance sheet as on 31.03.2016.
hi would request any body tell me the way of Church books of accounts and returns. In which accounting standard will come under thanks regards poorna chander
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Ltcc on ancestral property